Keppel DC REIT's property in Tampines, Singapore, known as Keppel DC Singapore 2 (Photo: REITsWeek)

Keppel DC REIT will be included in the benchmark Straits Times Index (STI) with effect from 19 October 2020.

The STI is the most prominent benchmark for the Singapore stock market, consisting of 30 of its largest capitalised and most actively traded stocks.

“The inclusion of Keppel DC REIT in the STI marks an important milestone for Keppel DC REIT since its listing on the Singapore Exchange”, said Chua Hsien Yang, CEO of the REIT’s manager.

“This is testament to Keppel DC REIT’s growth and will further increase our visibility among global investors, as well as enhance our trading liquidity”, he added.

Keppel DC REIT was listed in December 2014 as Asia’s first pure-play data centre REIT, with eight assets across six countries and assets under management (AUM) of approximately SGD1 billion.

Today, the REIT’s AUM has grown to approximately SGD2.8 billion with 18 assets in 8 countries across Asia Pacific and Europe.

Unitholders who have invested in Keppel DC REIT since its initial public offering would have seen a total unitholder return of approximately 338% as at 15 October 2020, and approximately 47% year-to-date.

Keppel DC REIT is also a constituent of the FTSE EPRA Nareit Global Developed Index, MSCI Singapore Small Cap Index and the GPR 250 Index Series.

It was last done on the SGX at SGD3.02, which implies a distribution yield of about 2.9%, according to data compiled on the Singapore REITs table.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.