Keppel DC REIT (SGX: AJBU)
Keppel DC REIT is a data centre REIT with a portfolio of 23 data centres across nine countries. Its assets under management (AUM) stood at S$3.7 billion as of 30 June 2023. The REIT is one of the better-performing REITs this year as its unit price rose 16.2% year-to-date (YTD). The data centre REIT reported a resilient set of earnings for the first half of 2023 (1H 2023)....It is time once again for the start of a brand-new earnings season.
This week will see the kick-off for the final quarterly earnings reporting season of 2023.
Investors will carefully scrutinise REITs’ results as the sector has come under pressure of late.
The twin combination of high inflation and surging interest rates resulted in REITs reporting lower distributions.
Some REITs are also reeling from weaker regional exchange rates with the strengthening of the Singapore Dollar.
Here are four REITs to watch for as they navigate this troubling economic landscape.
