Keppel DC REIT (SGX: AJBU) is Singapore’s first
pure Data Centre REIT, which is known to be quite resilient. Nonetheless, due to higher interest rates, all REITs are badly affected by the higher cost of debt, and Keppel DC REIT (KDC) is not excluded. Many investors have avoided KDC due to its
rich valuations but could this be a mistake? Let’s take a deep dive into the 5 important takeaways from Keppel DC REIT FY2023 results.
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- Unforeseen Impacts to Gross Revenue and NPI
| Year on Year Difference |
FY2023 |
FY2022 |
| Gross Revenue |
S$281.207 million (+1.4%) |
S$277.322 million |
| Net Property Income (NPI) |
S$244.951 million (-3.0%) |
S$252.545 million |
...
