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Notes from Keppel DC REIT AGM on 16 April – Steady Hands On The Wheel
By Dividend Warrior  •  April 17, 2019

Future Growth Catalysts:The development of the new Intellicentre 3 East data centre (IC3 East DC) in Sydney, Australia is expected to be DPU-accretive. Upon completion by 2020, Macquarie Telecom will sign a new 20-year triple-net master lease with Keppel DC REIT (KDC) for both Intellicentre 2 and Intellicentre 3 East. The lease includes built-in annual rental escalations with renewal options. This expansion aims to meet the needs of hyper-scale cloud providers, enterprise and government customers. After witnessing the successful execution of the mainCubes DC in Germany, I am confident that IC3 East would be similarly rewarding for unitholders in 2020. IC3 DC East Sydney is a Tier III data centre built on the vacant land next to the existing IC2 DC Growth strategy remains the same. KDC has enough debt headroom to pursue inorganic growth through acquisitions. The focus will be on Asia-Pacific region. The management had looked at...
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By Dividend Warrior
A mid-30s dividend growth investor living in Singapore. I am a simple man with simple needs.
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