---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000936640.md"
description: "🚀 Why Data Centre S-REITs Are Under Pressure - Even With Booming AI DemandKeppel DC REIT (AJBU) and NTT DC REIT USD (NTDU) are trading near 52-week lows despite strong structural demand. Here is what is happening 👇📉 Macro & Interest Rate Headwinds• Yield competition: Higher US Treasury yields mean risk-free bonds look more attractive, pulling capital away from dividend stocks.• Refinancing costs: Older, cheaper debt is maturing and being replaced at today’s higher rates. This directly reduces distributable income.🏢 What Affects Each One• NTT DC REIT (NTDU): Still finding its footing post-IPO, plus US dollar currency swings on SGX.• Keppel DC REIT (AJBU): Higher overall borrowing costs and market caution around specific asset allowances in Guangdong.💡 The Key Insight• Business remains strong: Occupancy stays above 98%, and AI plus cloud growth keeps pushing rental income higher.• It’s pricing, not performance: The drop reflects higher capital costs across the sector, not weakening demand from tenants.🤔 With prices at these levels, are you adding to your positions or waiting for more clarity? Not financial and investment advice. Do your own due diligence ☺️.$NTT DC REIT USD(NTDU.SG)$Keppel DC Reit(AJBU.SG)"
datetime: "2026-10-14T00:59:58.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000936640.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000936640.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000936640.md)
author: "[Fattycat](https://longbridge.com/en/profiles/19854884.md)"
generator: "portal-rs"
---

# 🚀 Why Data Centre S-REITs Are Under Pressure - Eve…


### Related Stocks

- [AJBU.SG](https://longbridge.com/en/quote/AJBU.SG.md)
- [NTDU.SG](https://longbridge.com/en/quote/NTDU.SG.md)

## Comments (2)

- **Jasper · 2026-10-14T02:27:19.000Z**: keppel dc reit puts out its q3 update on 23 october, the weighted average debt maturity and the fixed rate hedge ratio in there tell you how much of the repricing is still ahead
  - **Fattycat** (2026-10-14T02:30:39.000Z): Thanks so much for fact-checking that. Those two numbers really show how much pain is already priced in versus still to come. Will keep a close eye on the coming update!… now I aiming Ascendas…. Water


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**