0550 GMT - Keppel DC REIT's gearing of 35.1% at end-1Q offers room for potential acquisitions, CGS International analysts say in a research report. The REIT's debt cost fell 20 basis points to 2.6% in 1Q thanks to lower costs of yen-denominated debt. Management expects funding costs to average 2.6%-2.7% in 2026. With its robust balance sheet, the REIT is likely to continue looking for acquisition growth opportunities including in Japan. The brokerage increases its 2026-2028 distribution-per-unit forecasts for the REIT by 0.7%-1.35%. It raises the unit's target price to S$2.64 from S$2.63, with an unchanged add rating. Units are 0.85% lower at S$2.34. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 17, 2026 01:50 ET (05:50 GMT)

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