Keppel DC REIT (SGX: AJBU)
Keppel DC REIT is a data centre REIT with a portfolio of 25 data centres spread across 10 countries. The REIT’s assets under management (AUM) stood at close to S$5 billion as of 31 December 2024. Keppel DC REIT reported a commendable financial performance for the second half of 2024 (2H 2024). Gross revenue rose 8.8% year on year to S$153.1 million because of strong...The REIT sector had a tough two years but it seems there may be some light at the end of the tunnel.
Inflation has begun to ease, with the latest Singapore core inflation reading coming in at just 1.8% for December 2024.
Interest rates are also on the decline, with the US Federal Reserve slashing the federal funds rate by a full percentage point last year.
The central bank has pencilled in another two rate cuts this year.
More REITs are now reporting better financial numbers and we showcase four that recently raised their distributions.