SINGAPORE (Dec 18): DBS Group Research is maintaining its “buy” call on Keppel DC REIT (KDCREIT) with a target price of $2.23, translating into a potential 13% upside for the stock. 

DBS analyst Derek Tan cites the REIT’s recent string of accretive acquisitions, namely KDC SGP 4 and DC 1 in Singapore, and Kelsterbach DC, a data centre in Germany. 

Although the REIT’s second data centre in Germany had set it back by some $125.3 million, Tan opines that the REIT is in a comfortable position to fund the acquisition. 

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