Keppel DC REIT Seems Poised for Growth in 2023 -- Market Talk

Dow Jones2023-02-02

0151 GMT - Keppel DC REIT seems set for another year of dividend growth this year, which should be enough to offset near-term headwinds like rising energy costs, CGS-CIMB analysts Lock Mun Yee and Natalie Ong say in a note. Demand for the Singapore-based trust's data centers appears to be holding up well, the analysts say. Keppel DC REIT's average cost of debt was 2.2% in 2022, which is on the low side among its REIT peers and shows that its balance sheet is likely to remain healthy, CGS-CIMB says. The brokerage raises its target price on the trust to S$2.39 from S$2.12 and maintains an add rating. Units rise 1.4% to S$2.14. (yiwei.wong@wsj.com)

 

(END) Dow Jones Newswires

February 01, 2023 20:52 ET (01:52 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
1