- Tenant at the Guangdong data centre has defaulted on rent
- Total amount defaulted on to date is about 5.5 months rent
- The REIT has worked out a restructuring plan with the tenant, for them to make payments in instalments
- However the tenant has defaulted on the instalment plan in Nov 2023
Quite a few of you have been asking for my views on Keppel DC REIT.
So I decided to release this FH Premium post to everyone.
This FH Premium post was written in early Feb after the FY2023 financial results and tenant default news.
However this should give you an idea of my general thought process and fundamental analysis for Keppel DC REIT.
Do sign up for FH Premium for my latest views on Keppel DC REIT.
Recap of Keppel DC REIT’s Tenant default
I covered the tenant default situation in previous articles, so do check those out for a full recap.
The long and short is that:
