SGX:AJBUSpecialized REITs
Is Keppel DC REIT (SGX:AJBU) Still Reasonable At Current Prices?
Keppel DC REIT is trading against a quietly constructive backdrop, with a solid 3 year return profile and both intrinsic value estimates and market multiples pointing to a stock that screens as cheaper than its fundamentals suggest.
Over the past 3 years, Keppel DC REIT has delivered a total return of about 14.8%, which signals that longer term holders have still come out ahead despite recent softness.
The business model is closely tied to recurring data centre rental income, which can...