Keppel DC REIT Earnings | SGX Company Insights | EP 51
In this episode, Phillip Securities Research's analyst, Natalie Ong, reports on Keppel DC REIT - Earnings cushioned by recent investments.
1. 1Q22 DPU of 2.466 Scts (+0.2% YoY) was in line, forming 24.9% of our FY22e forecast.
2. Contributions from investments in Eindhoven DC, Guangdong DC, London DC and NetCo bonds totalling c.S$386mn, and completion of AEI at DC1 and Intellicentre3 development were wiped out by higher electricity costs, provision for litigation and absence of rental support for KDC4.
3. Portfolio occupancy up 0.4ppts YoY, from 98.3% to 98.7%. This was due to higher…
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