The increasing digitalisation of the global economy means there is an explosion of data created. As a result, demand has surged for computing capacity and storage to store all the gazillions of bytes floating around. Investors’ interests in data centres, naturally, has followed. Keppel DC REIT (KDCREIT), which is the first REIT in Asia that specialises in owning this asset class, sits pat on this surge. Within the increasingly diverse and REIT universe listed in Singapore, it stands out for delivering the best returns to shareholders within the evaluation period and is has been named the overall sector winner.

When it was listed back in 2014, KDCREIT’s portfolio was worth $1 billion, with eight assets in six countries. Since then, the REIT has steadily expanded, adding assets in markets ranging from Ireland and Germany to Australia and Singapore.

As at Sept 30, Keppel DC REIT has a portfolio consisting of 18 assets across eight countries and valued at $2.9 billion. It has been paying increasingly higher distributions. In FY2015 ended Dec 31, 2015, KDCREIT announced an adjusted DPU of 6.51 cents. This increased steadily to 7.71 cents for FY2019 and for the nine months ended Sept 30, it has already declared a DPU of 6.732 cents.

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