Broker Name: Maybank Research Pte Ltd
Date of Report: February 2, 2026
Excerpt from Maybank Research Pte Ltd report.
Report Summary
- Keppel DC REIT (KDCREIT) reported strong growth for FY25, with DPU rising 9.8% year-on-year, driven by both organic and inorganic expansion, including key acquisitions in Singapore and Tokyo, despite asset divestments and a one-off settlement absence.
- Occupancy held steady at 95.8%, with hyperscalers now contributing 69% of rental income. The REIT remains focused on portfolio optimization, capital management, and riding digitalization and AI-driven demand for data centres, and is maintaining a BUY rating with a target price of SGD2.60.
Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank Research Pte Ltd website : www.maybank-keresearch.com