#Business

MIT share price riding data centre boom

MIT share price riding data centre boom
Written by Admin

LIFETIME MEMBERSHIP For the longest time, I have been contemplating to invest in an S-REIT with special focus in data centres. Hence, I have been monitoring Keppel DC REIT and Mapletree Industrial Trust (MIT). Both counters are majority-owned by Temasek Holdings and listed in the Straits Times Index (STI). Between the two players, I feel that the growth potential for MIT share price is higher due to recent strategic moves by the management.

In 2019, the Singapore government imposed a moratorium on new data centres. Being a land scarce country, there is a lack of land to accommodate the rapidly growing demands for data centres. In addition, data centres consume huge amount of energy and require energy-efficient cooling systems. For these reasons, data centre players like Keppel DC REIT and Mapletree Industrial Trust look to overseas for data centre acquisitions.

— MIT share price riding data centre boom

Between the two S-REITs, it seems to me that MIT’s management decided to go on shopping spree. In September 2020, MIT completed the acquisition of the remaining 60.0% interest in 14 data centres located in the United States for about $293 million. And in March 2021, MIT completed the acquisition of a data centre in Virginia, United States for about …

The post MIT share price riding data centre boom appeared first on SG Wealth Builder.

Read More »



Disclaimers and Denial of responsibility..!

Denial of responsibility! TheTopMag.com is an automatic aggregator of all media around the world. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected] . The content will be deleted within 72 hours.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.