Keppel DC REIT (KDC REIT)

Results

Keppel DC REIT declares 4.6% higher 2Q DPU of 1.82 cents

SINGAPORE (July 17): The manager of Keppel DC REIT has declared a DPU of 1.82 cents for 2Q18, up 4.6% from 1.74 cents in 2Q17.

Property

Industrial S-REITs kept at 'equal weight' as occupancy stabilises and rent declines slow

SINGAPORE (May 21): Phillip Securities Research is keeping the industrial S-REITs at “equal weight" unless it sees a broad based improvement in occupancy in the sub-sector.

Broker's Calls

Analysts positive on Keppel DC REIT's latest acquisition, but divided over risks

SINGAPORE (May 8): OCBC Investment Research and Phillip Capital are upgrading their calls on Keppel DC REIT (KDC REIT) to “buy” and "accumulate" with a fair value and target price of $1.54 and $1.51, respectively, following news of the REIT’

M&A

Keppel DC REIT acquires Kingsland Data Centre

SINGAPORE (May 7): The manager of Keppel DC REIT is acquiring a 99% interest in Kingsland Data Centre for a cash consideration of $141.2 million from seller Kingsland Development and Nylect Holdings.

Broker's Calls

Will future acquisitions drive Keppel DC REIT's DPU higher?

SINGAPORE (Apr 17): OCBC Investment Research and Phillip Capital are reiterating their “hold” and “neutral” calls on Keppel DC REIT with a fair value estimate and target price of $1.50 and $1.47, respectively.

Results

Keppel DC REIT posts 4.8% drop in 1Q DPU to 1.80 cents on absence of one-off gain

SINGAPORE (Apr 16): Keppel DC REIT Management announced that Keppel DC REIT recorded 1Q18 DPU of 1.80 cents, 4.8% lower than 1.89 cents in 1Q17.

Broker's Calls

Keppel DC REIT upgraded to 'add' on early completion of German data centre acquisition

SINGAPORE (Apr 3): CIMB is upgrading Keppel DC REIT (KDCREIT) to “add” from “hold” with a higher target price of $1.52.

Broker's Calls

Six S-REITs to jump back on as sector bottoms out

SINGAPORE (Mar 19): DBS Group Research is remaining upbeat on Singapore REITs (S-REITs) given investors are looking for re-entry opportunities with the recent correction in unit prices.

Property

Keppel DC REIT acquires remaining lease in Dublin 1 for $48.1 mil

SINGAPORE (Mar 15): The manager of Keppel DC REIT has entered into an agreement to acquire the remainder of the 999-year leasehold interest in Keppel DC Dublin 1.

Broker's Calls

3 S-REITs to accumulate following the market pullback: OCBC

SINGAPORE (Mar 6): OCBC Investment Research is maintaining its “neutral” stance on the Singapore REITs (S-REITs) sector with the conclusion of the 4QCY17 earnings season, which the research house deems to have offered “little surprises” as all 24
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