in a freehold shell & core data centre at West Tokyo in Japan for ¥23.4b ($201.0 million). The acquisition is fully funded by JPY-denominated debt at a cost of below 2%. It is accretive to distribution per unit (DPU) by 1.1% and should be completed in 3Q2024.
After Keppel DC REIT’s (KDCREIT) announcement of its acquisition of a shell and core data centre in Tokyo on July 11, analysts are mixed on the REIT. UOB Kay Hian (UOBKH) is keeping their “hold” call with a higher target price of $1.98 from $1.96 previously, while Citi Research maintains its “buy” call with a target price of $2.07.
Keppel DC REIT made its maiden foray into Japan by acquiring a 98.47% effective interest
