Sold 17,500 shares of Keppel DC Reit (KDC) on 25 Nov at $2.36
Total profit (including dividend) is SGD 5957.74 (14.9%) for 2 years 10 months.
Reason for selling:
1) 3.9% dividend for my $2.28 entry price
In today high interest rate, it doesn't make sense that KDC only paying me 3.9% dividend based on my $2.28 buy price.
2) Data Centre risk profile increases
There are a few high profile data center tenants bankruptcy news which affected a few major DC players, including Keppel Data Center. As such, data center REIT are not that safe heaven as what many thought would be.
KDC was affected by GUANGDONG DATA CENTRES 1, 2 & 3 & DXC Technology Services Singapore Pte. Ltd. (“DXC”).
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