data centres

Mapletree Industrial Trust and Mapletree Investments to acquire US$1.4 bil data centre portfolio in North America

SINGAPORE (Sept 16): Mapletree Industrial Trust (MIT) and Mapletree Investments have formed a joint venture to acquire a US$1.4 billion ($1.9 billion) data centre portfolio in North America. The acquisition is expected to be DPU and NAV accretive to unitholders, says the manager of MIT. 

The manager of MIT said it plans to raise at least $350 million via a private placement to partially fund the acquisition. It plans to sell 158.3 million new units priced at between $2.211 and $2.265 each. Debt financing will also be used to fund the remainder.

Data centres in demand as supply evaporates; units in KDC REIT and MINT continue their ascent

SINGAPORE (Sept 9): In the world of tech, when you use the cloud, you are simply storing your data and programs on the internet instead of in your computer. For example, data from your Facebook, Instagram or Gmail accounts are stored in the cloud, which is located in data centres.

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Can Keppel DC REIT deliver the acquisitions needed to keep premium valuations?

SINGAPORE (July 22): Keppel DC REIT, the first pure-play data centre REIT listed in Asia, has seen its shares climb some 28% so far this year on the back of the global boom in data centres.

The REIT is now trading near an all-time high, nearly double of its IPO price of 93 cents per unit in December 2014.

In the latest quarter, Keppel DC REIT posted a 6% increase in distribution per unit (DPU) to 1.93 cents, from 1.82 cents in 2Q18.

GIC, Equinix in JV to develop data centres in Europe for more than US$1 bil

SINGAPORE (July 2): GIC, a global long-term investor and manager of Singapore’s foreign reserves, is betting big on the growth in demand for data centres.

The sovereign wealth fund has agreed to enter into an 80:20 joint venture with Equinix to acquire and develop six hyperscale data centres in Europe for more than US$1 billion ($1.3 billion).

Lendlease announces US$1 billion data centre partnership

SINGAPORE (July 1): Sydney-based leading international property and infrastructure group, Lendlease has announced a partnership to invest in data centres across the Asia Pacific region.

The initial equity commitment by the parties is US$500 million ($676 million), combined with leverage will enable the partnership to invest US$1 billion ($1.4 billion) in the sector.

Keppel DC REIT brimming with growth opportunities, but vulnerable to competition: DBS

SINGAPORE (Jan 23): DBS Vickers Securities is maintaining “buy” on Keppel DC REIT (KDC REIT) while raising its target price from $1.52 to $1.60, which is the highest on the street, after the REIT’s 4Q18 results came in line with the research house’s expectations.

Keppel DC REIT's 4Q DPU grows 5.7% to 1.85 cents on higher income

SINGAPORE (Jan 22): The manager of Keppel DC REIT announced a DPU of 1.85 cents for 4Q18, up 5.7% y-o-y from 1.75 cents on the back of higher gross rental income and other income.  

This brings the REIT’s full year DPU to 7.32 cents, which is 5% higher than its FY17 DPU of 6.97 cents.

Gross revenue for the quarter grew 30.5% to $48 million from $36.8 million in 4Q17, driven by a 27.9% growth in gross rental income to $44.7 million after factoring in the REIT’s acquisitions of KDC SGP 5 and maincubes DC.

Singapore startup AirTrunk raises $854 mil to expand datacenters

(Aug 21): Goldman Sachs-backed AirTrunk has raised A$850 million ($854 million) to fund the expansion of its two Australian datacenters and a move into Asia to take advantage of a growing cloud computing market.

What's next for Mapletree Industrial Trust after 'another excellent quarter'?

SINGAPORE (Jan 24): DBS Vickers Securities is reiterating its “buy” rating on Mapletree Industrial Trust (MIT) with a target price of $2.15, after its manager reported what the research house sees as “another excellent quarter” for 3Q18.   

See: Mapletree Industrial Trust posts 1.8% increase in 3Q DPU to 2.88 cents

Data centres targeted by Mapletree Industrial tick the right boxes for research houses

SINGAPORE (Oct 26): Mapletree Industrial Trust on Tuesday announced its 2Q17/18 earnings declaring a 6% increase in DPU to 3 cents compared to 2.83 cents last year.

This was due to a one-off gain from a pre-termination compensation of $3.1 million from Johnson & Johnson. If not for this, DPU would have remained flat y-o-y.

See: Mapletree Industrial Trust's 2Q DPU up 6% to 3 cents on one-off gain

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