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CGS-CIMB keeps 'add' on Keppel DC REIT in spite of 'minor near-term hiccup'

Felicia Tan
Felicia Tan4/20/2022 12:44 PM GMT+08  • 4 min read
CGS-CIMB keeps 'add' on Keppel DC REIT in spite of 'minor near-term hiccup'
Keppel DC REIT's Eindhoven campus. Photo: Keppel DC REIT
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CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee are keeping their “add” recommendation on Keppel DC REIT (KDCREIT) after the REIT reported a distribution per unit (DPU) of 2.466 cents for the 1QFY2022 ended March.

They have also kept their target price unchanged at $2.62.

To the analysts, the DPU stood lower than their expectations at 23% of their full-year DPU estimate.

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