Keppel DC REIT's Gearing Offers Room for Potential Acquisitions -- Market Talk

Dow Jones04-17

0550 GMT - Keppel DC REIT's gearing of 35.1% at end-1Q offers room for potential acquisitions, CGS International analysts say in a research report. The REIT's debt cost fell 20 basis points to 2.6% in 1Q thanks to lower costs of yen-denominated debt. Management expects funding costs to average 2.6%-2.7% in 2026. With its robust balance sheet, the REIT is likely to continue looking for acquisition growth opportunities including in Japan. The brokerage increases its 2026-2028 distribution-per-unit forecasts for the REIT by 0.7%-1.35%. It raises the unit's target price to S$2.64 from S$2.63, with an unchanged add rating. Units are 0.85% lower at S$2.34. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 17, 2026 01:50 ET (05:50 GMT)

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The brokerage increases its 2026-2028 distribution-per-unit forecasts for the REIT by 0.7%-1.35%. It raises the unit's target price to S$2.64 from S$2.63, with an unchanged add rating. Units are 0.85% lower at S$2.34. 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The REIT's debt cost fell 20 basis points to 2.6% in 1Q thanks to lower costs of yen-denominated debt. Management expects funding costs to average 2.6%-2.7% in 2026. With its robust balance sheet, the REIT is likely to continue looking for acquisition growth opportunities including in Japan. The brokerage increases its 2026-2028 distribution-per-unit forecasts for the REIT by 0.7%-1.35%. It raises the unit's target price to S$2.64 from S$2.63, with an unchanged add rating. Units are 0.85% lower at S$2.34. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 17, 2026 01:50 ET (05:50 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0532188223.SGD","symbol_name":"JPMorgan Funds - ASEAN Equity A (acc) SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2628227730","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2628227730","pubTimestamp":1776405000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0550 GMT - Keppel DC REIT's gearing of 35.1% at end-1Q offers room for potential acquisitions, CGS International analysts say in a research report. 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The REIT's debt cost fell 20 basis points to 2.6% in 1Q thanks to lower costs of yen-denominated debt. Management expects funding costs to average 2.6%-2.7% in 2026. With its robust balance sheet, the REIT is likely to continue looking for acquisition growth opportunities including in Japan. The brokerage increases its 2026-2028 distribution-per-unit forecasts for the REIT by 0.7%-1.35%. It raises the unit's target price to S$2.64 from S$2.63, with an unchanged add rating. Units are 0.85% lower at S$2.34. 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