Singapore-listed Reits report healthy operational performance, even as they face pressure from higher interest rates
DATA centres turned out to be the surprise package in what was otherwise an expected financial performance posted by Singapore-listed real estate investment trusts, or S-Reits, in the third quarter ended September.
Data centre assets posted “exceptionally strong” rental reversion figures, said RHB analyst Vijay Natarajan.
In particular, he pointed out the example of Keppel DC Reit, which renewed a major contract with a positive rental reversion of more than 40 per cent.
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