It’s time once again to size up two REITs to see which is the more attractive one.
As a sponsor, blue-chip conglomerate Keppel Corporation Limited (SGX: BN4) has a total of three REITs and a business trust under its belt.
They are Keppel DC REIT (SGX: AJBU), Keppel REIT (SGX: K71U), Keppel Pacific Oak US REIT (SGX: CMOU), and Keppel Infrastructure Trust (SGX: A7RU).
Today, we turn our attention to the first two of this quartet to determine which qualifies as the better buy.
With both Keppel DC REIT and Keppel REIT having released their fiscal 2022 (FY2022) earnings recently, it is a timely opportunity to look at what each REIT has to offer.
Portfolio composition
We first look at each REIT’s portfolio composition.
Keppel DC REIT is a pure data centre REIT with 23 properties in nine countries.
Data centres are industrial assets that serve a wide variety of technology-related clients....