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Keppel DC REIT’s 2H FY24 Result Review
By REIT-TIREMENT  •  February 2, 2025

Basic Profile & Key Statistics

Key Indicators

Performance Highlight

KDC reported an improvement in gross revenue and NPI YoY, driven by the stronger performance of Keppel DC REIT's existing portfolio and the contribution from the newly acquired Tokyo DC 1. Coupled with the $5.6 million distribution from the DXC settlement sum, both distributable income and DPU saw significant increases.

Acquisition

On 27 December 2024, Keppel DC REIT completed the acquisition of KDC SGP 7 & 8, further strengthening its portfolio in Singapore.

Divestment

On 2 January 2025, Keppel DC REIT announced the divestment of the Basis Bay Data Centre in Malaysia. The divestment is expected to be completed around 3Q 2025.
Related Parties Shareholding
REIT Sponsor's Shareholding: Less FavorableREIT Manager's Shareholding: ModerateDirectors of REIT Manager's Shareholding: Less Favorable
Lease Profile
Committed Occupancy: ModerateHighest Annual Lease Expiry in 4 Years: FavorableWALE: ModerateWeighted Average Land Lease Expiry: Less Favorable
Debt Profile
Adjusted Interest Coverage Ratio: FavorableCost of Debt: FavorableGearing Ratio:
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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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