Data centres the big positive surprise in Q3 as most S-Reits post results within expectations

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.