0904 GMT - Keppel DC REIT's balance sheet remains solid, giving it ample room for future acquisitions, says Morningstar analyst Xavier Lee. He estimates the trust has about S$2 billion of debt headroom before reaching the regulatory gearing limit. Keppel DC REIT reported a 7.1% on-year growth in 2H distribution per unit, its the strongest DPU growth since listing, he notes. This growth reflects a successful acquisition-led strategy and its solid organic rental growth, he adds. Morningstar retains its fair-value estimate at S$2.42, saying the units look undervalued and are supported by a projected 2026 distribution yield of 4.8%. Units are flat at S$2.28. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 03, 2026 04:04 ET (09:04 GMT)
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