Keppel DC REIT (KDC REIT)

Keppel DC REIT’s debt costs remain low, ICR high, but utility bills could rise - THE EDGE SINGAPORE

Results

Keppel DC REIT’s debt costs remain low, ICR high, but utility bills could rise

Keppel DC REIT's DPU rose marginally to 2.466 cents translating into a yield of 4.44%, but utility costs could rise
Keppel DC REIT sues DXC Technology Services over a disputed amount of $14.8 mil - THE EDGE SINGAPORE

REITs

Legal proceedings against DXC Technology Services over payment default at Keppel DC REIT property

The parties have not been able to arrive at a mutually acceptable resolution despite discussions and mediation.
Keppel DC REIT acquires second data centre in London, third in the UK - THE EDGE SINGAPORE

Company in the news

Keppel DC REIT acquires second data centre in London, third in the UK

With the acquisition of London Data Centre, Keppel DC REIT will have a total of 21 data centres in Asia Pacific and Europe.
Rollin’ good times for data centre REITs - THE EDGE SINGAPORE

REITs

Rollin’ good times for data centre REITs

Demand for data centres and data centre REITs are hot and the S-REIT scene is about to get hotter with new Digital Core REIT.
DBS upgrades KDC REIT, other analysts remain neutral  - THE EDGE SINGAPORE

Broker's Calls

DBS upgrades KDC REIT, other analysts remain neutral

DBS Group Research upgrades its rating on KDC to "buy", but other analysts are less optimistic.

Results

Keppel DC REIT posts 4.5% higher DPU of 2.462 cents in 3QFY2021 due to accretive acquisitions and AEI works

Distributable income for the same period was up by 6.3% y-o-y to $43.1 million.

Right Timing

FTSE REIT Index vulnerable to taper but some REITs could escape tantrum

The FTSE REIT Index could be vulnerable to a taper, but some REITs with in-built growth drivers could escape the tantrum
Keppel DC REIT and Mapletree Industrial Trust ride on hot data centre market to come up tops - THE EDGE SINGAPORE

Billion Dollar Club 2021

Keppel DC REIT and Mapletree Industrial Trust ride on hot data centre market to come up tops

Keppel DC REIT has kept its crown as the overall sector winner among all REITs in the Billion Dollar Club.
Keppel DC REIT acquires third data centre in the Netherlands for EUR37.2 mil - THE EDGE SINGAPORE

REITs

Keppel DC REIT acquires third data centre in the Netherlands for EUR37.2 mil

The property has a combined net lettable area of approximately 83,841 sq ft and is fully leased.
Keppel DC REIT to raise gross proceeds of between $200.1 mil to $204.3 mil via private placement of 81 mil new units - THE EDGE SINGAPORE

REITs

Keppel DC REIT to raise gross proceeds of between $200.1 mil to $204.3 mil via private placement of 81 mil new units

The new units will be issued at a price of between $2.47 and $2.522 per new unit.
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