Shares & Derivatives
Keppel DC REIT falls to 52-week low. What’s driving the decline?
By Beansprout  •  February 14, 2024
Keppel DC REIT's share price fell to a 52-week low recently. We find out what is driving weakness in its share price. What happened? Keppel DC REIT reported a decrease in the Distribution per Unit (DPU), with DPU for 2H 2023 falling to 4.332 cents from 5.165 cents in 2H 2022. This reduction, amounting to a 16.1% drop, brought the full-year DPU for 2023 to 9.383 cents compared to 10.214 cents in the previous year.  Keppel DC REIT’s share price fell after the results to reach a 52-week low of S$1.60 on 5th February, before recovering to close at S$1.71 as of 9 February. Let us find out more about Keppel DC REIT’s latest earnings what it they mean for the share price. Source: Beansprout What you need to know about Keppel DC REIT results #1 – Lower distributions driven by higher finance costs and lower net property income (NPI) The decline in DPU can be attributed to higher finance costs and loss allowances for...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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