Keppel DC REIT (SGX: AJBU)
Keppel DC REIT is a data centre REIT with a portfolio of 23 data centres in nine countries with assets under management (AUM) of S$3.7 billion as of 30 September 2023. The data centre REIT saw its unit price increase by 8.9% last year to close at S$1.95, making it one of the best-performing REITs....The REIT sector has been hit by the twin headwinds of high inflation and surging interest rates.
Because of this pessimism, share prices of a wide swath of REITs have been battered with most of them having fallen year-to-date (YTD).
However, there is a small crop of resilient REITs that have managed to eke out a YTD share price gain.
Coupled with the regular distributions that they pay, investors will be happy to know that they have enjoyed a respectable total return for the year.
We have rounded up five REITs that posted a YTD gain that may continue into 2024.
