(Stocks Discussion) SGX: Keppel DC REIT (SGX: AJBU)?

I'm personally curious as well :) What other Data Center REITs would the community recommend?

I was looking at KEPPEL DC REIT (SGX: AJBU) as there seems to be a growing demand for cloud computing and data centers in the region?

Anyone knows where Amazon Singapore hosts their servers? The technological sector is growing and if you look at the macro of this space, there is another 50% or more who has not gone on to the internet yet in SEA.

Keppel DC REIT posted strong results again.

For the 2020 first-half, gross revenue grew around 30% year-on-year while net property income rose 32%.

Distribution per unit increased by 13.6% to 4.375 Singapore cents.

In its earnings release, Keppel DC REIT sees growth ahead still, which is also fuelled by faster digital adoption due to the virus:

"The COVID‐19 pandemic has radically altered the business and social landscape. While a number of business sectors have been adversely affected, the technology sector continues to do well. The widespread lockdowns have contributed to an accelerated adoption of digital technology. The data centre industry remains resilient, supporting data storage and processing requirements of the digital economy.

The Manager believes that the prospects for the data centre market remain robust, underpinned by strong digital trends such as rapid cloud adoption, smart technologies, big‐data analytics, and 5G deployment."