Keppel DC REIT announced a decent set of maiden results that exceeded its forecast. Announcement is here.
I like the low leverage of 26.4% and there is much headway to take on debt should the need arises. It also has a long lease period of 7.2 years.
The detailed results is below.
I also like the fact that they purchase properties from Macquarie Telecom and build in annual rental escalations in the agreements.
This will allow for future upside growth to the DPU
I think the outlook remains healthy as cloud computing and data demand continue to grow healthily.
My portfolio of 15,000 shares in wife's SRS account will yield about $534 and be paid on 28 August.