As 2023 draws to a close, it is time to review the performance of Keppel DC REIT share price. For many unitholders, 2023 must be a watershed year for Keppel DC REIT as the data centre REIT player swims in unchartered waters, confronting a slew of uncertainties and unfamiliar challenges.
First off the bat. Keppel DC REIT was expelled from the benchmark Straits Times Index (STI) on 19 June 2023, just less than 3 years after being included in the STI. Replacing Keppel DC REIT was Seatrium, which has been loss-making for the past 5 years and showing no sign of turning around till now. On this note, the expulsion of Keppel DC REIT (an S-REIT with a strong track record of profits) from STI should come as a rude shock for many unitholders.
Of course, being listed in STI has its perks as it comes with prestige, boosts the company branding and usually...