Data centres the big positive surprise in Q3 as most S-Reits post results within expectations
Singapore-listed Reits report healthy operational performance, even as they face pressure from higher interest rates
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 , which renewed a major contract with a positive rental reversion of more than 40 per cent.
Copyright The Business Times. All rights reserved.
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Vanity Fair Fashion.
