On 19 April 2024, Keppel DC REIT (“KDC”) have announced their 2024 first quarter business update. There were no significant changes to the financial position of KDC, although DPU continues to take a hit in this quarter from the uncollected rental income from the Guangdong DCs. This has caused my expected yield for 2024 to decrease by approximately 15% from the previous year, something investors should consider when assessing their risk appetite and margin of safety.

Take note on 16 April 2024, KDC have announced the divestment of their Intellicentre Campus in Sydney at a premium to Macquarie Data Centres Macquarie Park Property SubTST Pty Ltd. They will then reinvest the proceeds into an Australia Data Centre note that is issued by Macquarie Data Centres Group Pty Ltd. It is nothing new as KDC already have a portion of their assets as Notes Receivables. However with the trend of increasing