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What’s the attraction with Keppel DC REIT?

Benjamin Cher
Benjamin Cher10/18/2016 11:45 AM GMT+08  • 2 min read
What’s the attraction with Keppel DC REIT?
SINGAPORE (Oct 18): Keppel DC REIT (KDC REIT) remains attractive after reporting its 3Q16 results on Monday, with both OCBC Research and CIMB maintaining their “buy” calls with target prices of $1.35 and $1.33 respectively.
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SINGAPORE (Oct 18): Keppel DC REIT (KDC REIT) remains attractive after reporting its 3Q16 results on Monday, with both OCBC Research and CIMB maintaining their “buy” calls with target prices of $1.35 and $1.33 respectively.

Both OCBC and CIMB noted that the 3Q16 results were within expectations; with OCBC lead analyst Andy Wong highlighting that despite the 12% fall in gross revenue to $22.7 million, net property income (NPI) still rose 6.2% to $22.7 million.

(See also: Keppel DC REIT’s 3Q DPU rises 15.9% to 1.90 cents on one-off gain; proposes $202.5 mil acquisition )

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