that they pay provide income-seeking investors with valuable cash in their bank accounts.An attractive area to watch for are data centres REITs., many businesses are seeing a surge in demand for data storage.Investors could be looking at juicy bargains as they survey the landscape for well-run REITs that have the potential to increase their DPU in future years.Keppel DC REIT is a data centre REIT that owns a portfolio of 21 data centres across nine countries worth S$3.
Keppel DC REIT maintained a high portfolio occupancy of 98.3% as of 31 December 2021 and had aggregate leverage of 34.6%, leaving ample room for the REIT to tap on debt for future acquisitions.Mapletree Industrial REIT, or MIT, is an industrial REIT with a total of 143 properties worth S$8.6 billion as of 31 December 2021.Story continuesFor the REIT’s fiscal 2022 third quarter , it reported a 31.
Trailing 12-month DPU stood at S$0.1361, translating to a trailing yield of 5.3% for the REIT’s units.The REIT believes that space and power limitations will constrain new data centre developments, delaying new supply and rising rents in affected markets by around 4% to 6%.Ascendas REIT, or A-REIT, is Singapore’s largest business space and industrial REIT and its portfolio comprises 220 properties with an AUM of S$16.3 billion as of 31 December 2021.The REIT’s unit price, at S$2.
NPI rose by 18.6% year on year to S$920.8 million while DPU inched up by 3.9% year on year to S$0.15258.A-REIT’s aggregate leverage stood at 35.9% as of 31 December, and the REIT had a debt headroom of around S$4.8 billion before it reaches the statutory 50% limit.