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...