Shares & Derivatives
Keppel DC REIT’s 3QFY24 Result Review
By REIT-TIREMENT  •  October 20, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue improved YoY due to the strong performance of its existing portfolio and the contribution from the newly acquired Tokyo DC 1. However, NPI remained similar YoY due to the loss allowance for Guangdong DCs. Distributable income and DPU have remained relatively stable, thanks to higher finance income from Australis DC note and the partial distribution of the DXC settlement sum, which offset the impact of the loss allowances and higher finance costs. Acquisition On 31 July, KDC completed the acquisition of the Japan Data Centre in Tokyo, expanding its property portfolio. Related Parties Shareholding The shareholdings for the sponsor and directors of the REIT manager are relatively low. Lease Profile WALE is relatively long, however, weighted average land lease expiry is relatively short. Debt Profile The cost of debt is low and debt is 100% unsecured. Additionally, the interest coverage ratio is high. However, there...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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