As of February 22, 2026, Keppel DC REIT (SGX: AJBU) is demonstrating robust growth driven by strategic acquisitions and strong organic performance within the data centre sector.
Technical Analysis (TA) The technical outlook for Keppel DC REIT is currently positive, with the stock showing signs of recovery and momentum.
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Current Price Action: As of February 20, 2026, the unit price closed at $2.27, showing a slight daily increase of 0.44%.
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Trend Analysis: The stock has been on a recovery path since a preferential offering in late 2025, which initially caused some dilution but was well-received, being 168.2% subscribed.
Support & Resistance: Resistance: Immediate resistance is seen at $2.28 - $2.30. A sustained break above this could see the price testing the consensus analyst target of $2.53.
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Support: Strong support exists at the recent low-point near the $2.24 preferential offering price.
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Momentum Indicators: Analysts have recently upgraded the REIT to "Accumulate" or "Buy" due to its record-high DPU and strong rental reversions.
Target Prices:
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Consensus Target: $2.53.
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UOB Kay Hian: $2.82.
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OCBC Research: $2.78
REIT Overview & Fundamental Highlights Keppel DC REIT is Asia’s first pure-play data centre REIT, managing a portfolio valued at approximately $6.3 billion across 25 properties in 10 countries. Record Performance: FY2025 Distribution per Unit (DPU) reached a record high of 10.381 cents, a 9.8% year-on-year increase.
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Rental Reversions: Achieved an exceptional overall portfolio rental reversion of ~45% for FY2025.
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Occupancy & WALE: Portfolio occupancy remains healthy and stable at 95.8%, with a long Weighted Average Lease Expiry (WALE) of 6.7 years.
Balance Sheet:
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Aggregate Leverage: Increased to 35.3% following the acquisition of Tokyo Data Centre 3.
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Cost of Debt: Managed efficiently at 2.8% (4Q25), with expectations to decline toward 2.7% in 2026.
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Key Growth Drivers: Acquisitions of Keppel DC Singapore 7 and 8 and Tokyo Data Centre 1 and 3 were major contributors to the recent DPU jump.
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