Keppel DC REIT Full Year 2022 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

February 03, 2023

Keppel DC REIT (SGX:AJBU) Full Year 2022 Results

Key Financial Results

Revenue: S$268.3m (flat on FY 2021).
Net income: S$230.9m (down 26% from FY 2021).
Profit margin: 86%.
EPS: S$0.13 (down from S$0.19 in FY 2021).

AJBU Net Asset Value

Net asset value (NAV) per share: S$1.40 (up 4.5% from FY 2021).
- The current share price is 52% higher than NAV per share.

earnings-and-revenue-growth — SGX:AJBU Earnings and Revenue Growth February 3rd 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Keppel DC REIT EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 27%.

Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the REITs industry in Singapore.

Performance of the Singaporean REITs industry.

The company's shares are up 1.9% from a week ago.

Risk Analysis

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.