Keppel DC REIT's Business Growth Looks Sustainable in 2026 -- Market Talk

Dow Jones02-04 13:05

0505 GMT - Keppel DC REIT's business growth looks sustainable in 2026, UOB Kay Hian's Jonathan Koh says in a research report. Its focus is pivoting to hyperscale data centers, with the REIT scouting for acquisition of these centers in Singapore, Japan, South Korea and Europe, the analyst notes. It is also consolidating ownership of the SGP3 and SGP4 data centers, with Keppel having agreed to sell its remaining interest in the two facilities to the REIT. The brokerage lifts its 2026 and 2027 distribution-per-unit forecasts for the REIT by 4% and 5%, respectively. It raises the REIT's target price to S$2.82 from S$2.65, with an unchanged buy rating. Units are 1.3% lower at S$2.26. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

February 04, 2026 00:05 ET (05:05 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

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