Keppel DC REIT (SGX: AJBU), Singapore’s pioneering Data Centre REIT, has garnered a reputation for resilience in the face of adversity. However, in the past two years, higher interest rates have taken a toll on all REITs, including Keppel DC REIT (KDC). Despite historical concerns about its lofty valuations, could overlooking KDC be a missed opportunity? With a recent acquisition and Equity Fund Raising (EFR), could KDC emerge as a promising investment prospect in 2025? Let’s delve into the 5 key insights from Keppel DC REIT’s FY2024 results.
- Strong Growth in Gross Revenue and NPI
- Year on Year Difference:
- FY2024:
- Gross Revenue: S$310.287 million (+10.4%)
- Net Property Income (NPI): S$260.286 million (+6.3%)
- FY2023:
- Gross Revenue: S$281.207 million
- Net Property Income (NPI): S$244.951 million
- FY2024:
- Year on Year Difference:
Diving straight into the figures, Keppel DC REIT exhibited robust financial performance, with a notable uptick in Gross Revenue and NPI by 10.4% and 6.3% respectively. This growth can be attributed to two prominent factors: strong rental reversions along with…
Conclusively, Keppel DC REIT’s FY2024 results showcase a positive trajectory amidst challenging market conditions. The strategic acquisitions and financial maneuvers position KDC as a compelling contender in the investment landscape. Investors may find merit in reconsidering KDC’s potential, highlighting the significance of vigilant analysis and foresight in navigating the dynamic REIT market.
