Keppel DC REIT's Rent Increases Expected to Continue This Year -- Market Talk
Dow Jones
Feb 02
0138 GMT - Keppel DC REIT's rent increases are expected to continue in 2026, Phillip Securities Research's Darren Chan says in commentary. The research manager says a big portion of the 6.4% leases due for renewal this year stems from Singapore colocation leases. Also, the potential granting of favorable tax treatment for the REIT's SGP 7 and SGP 8 data centers in the coming months should offer a further upside to its distribution per unit, Chan says. Phillip Securities Research upgrades its rating on the REIT to accumulate from neutral while trimming its target price to S$2.37 from S$2.40. Units are 0.4% higher at S$2.29. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 01, 2026 20:38 ET (01:38 GMT)
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