Keppel DC REIT (SGX: AJBU) is Singapore’s first pure Data Centre REIT as well as the 2nd most overpriced REIT, with a PB of 1.62x @ $2.27/share, trailing behind Parkway Life REIT (SGX: C2PU) which has a PB of 1.64x. Many investors have avoided Keppel DC REIT (KDC) due to its rich valuations but could this be a mistake? Based on the REIT’s track record, it has been consistently improving year over year by double-digit figures and it has not shown any signs of slowing down. Let’s take a deep dive into the 5 important takeaways from Keppel DC REIT 1H 2023 results. Jumping right into the results, Keppel DC REIT has posted yet another strong set of results, growing its Gross Revenue as well as NPI in the low single digits. This level of growth is expected with the current high interest rate environment, growth opportunities will definitely lessen. On top of this,...