Citi keeps buy rating on Keppel DC REIT, sees steady payout growth
Citi expects Keppel DC REIT payouts per unit to rise about 6% a year over three years and keeps a S$2.61 target. Source: Market Talk.
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what happened
Citi keeps its buy rating on Keppel DC REIT and expects distributions per unit to grow roughly 6% a year over the next three years. According to Market Talk, analyst Brandon Lee says in a note that the trust's third-quarter business update showed firm demand for data center space, despite concerns about how artificial-intelligence investments will be funded.
why it matters
Rent increases of 16% and higher contracted power capacity support the Singapore REIT's income. Citi's target price is 2.61 Singapore dollars, and the units rose 3.9% to S$2.13. For investors in Asian REITs, this points to continued interest in data center infrastructure.
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instruments
sources
- Keppel DC REIT Bull Expects Robust Distribution Growth Rate — Market Talk, 23 October 2026 at 02:05 UTC
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