Fullerton Fund Management has acquired 667,300 units in Keppel DC REIT for $1,463,255.44 or $2.19 apiece. The units were bought via market transaction on Jan 31.
Fullerton’s stake in the REIT rose to 0.136% after the purchase and rose to a further 0.169% after the REIT issued a total of 40.67 million units to unitholders under the sponsor subscription on Feb 3.
On Jan 24, Keppel DC REIT reported a distribution per unit (DPU) of 9.451 cents for the FY2024 ended Dec 31, 2024, 0.7% higher y-o-y.
Adjusted DPU, which excludes the effect of the new units that were raised via the pro-rata preferential offering before the completion of Keppel DC Singapore 7 and Keppel DC Singapore 8, increased by 1.3% y-o-y to 9.504 cents.
Keppel DC REIT was named as one of The Edge Singapore’s stock picks for 2025 due to the artificial intelligence (AI) megatrend, the rising number of digital natives, and the REIT’s recurring income.
Units in Keppel DC REIT closed 2 cents lower or 0.91% down at $2.18 on Feb 6.
