Data centres the standout performers among S-Reits in Q3; analysts have mixed views on the sector overall for Q4
Singapore-listed Reits report healthy operational performance, even as they face pressure from higher interest rates
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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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