Keppel DC REIT

The year's REIT gainers and losers

SINGAPORE (Dec 20): The year’s top gainer was no surprise (see chart 1). Keppel DC REIT is in demand because data centres are in demand, and supply is likely to be limited given that Singapore is curbing the building of more data centres. Ascendas Hospitality Trust was acquired by Ascott Residence Trust which accounted for Ascendas Hopitality Trust’s  price performance.


Keppel DC REIT slated for 'record DPU' in FY20 on accretive acquisitions, says DBS

SINGAPORE (Dec 18): DBS Group Research is maintaining its “buy” call on Keppel DC REIT (KDCREIT) with a target price of $2.23, translating into a potential 13% upside for the stock. 

DBS analyst Derek Tan cites the REIT’s recent string of accretive acquisitions, namely KDC SGP 4 and DC 1 in Singapore, and Kelsterbach DC, a data centre in Germany. 

Although the REIT’s second data centre in Germany had set it back by some $125.3 million, Tan opines that the REIT is in a comfortable position to fund the acquisition. 

DBS favours REITs, yield stocks with growth prospects amid 'less cloudy' outlook

DBS favours REITs, yield stocks with growth prospects amid 'less cloudy' outlook

SINGAPORE (Dec 18): Against an outlook that is “turning less cloudy”, DBS Group Research has advised investors to adopt a “barbell approach” to strike a balanced risk-reward.

In particular, the research house says it favours real estate investment trusts (REITs) and yield stocks with growth potential, given the anticipated rise at the long end of the yield curve.

Its top picks are Ascendas REIT, Mapletree Logistics Trust, Mapletree Industrial Trust, Keppel DC REIT, Suntec REIT, Frasers Centrepoint Trust and Ascendas India Trust.

Keppel DC REIT launches equity fund raising to raise $473.8 mil for new acquisitions

SINGAPORE (Sept 16): Keppel DC REIT has announced an equity fund raising exercise to raise gross proceeds of $473.8 million to help fund its recently proposed acquisitions of two data centres

In an SGX filing on Monday before market open, the manager of Keppel DC REIT says the proposed equity fund raising will comprise a private placement and a pro rata and non-renounceable preferential offering.

Keppel DC REIT to be included in FTSE EPRA/NAREIT Global Developed Index from Sept 23

SINGAPORE (Sept 11): Keppel DC REIT is set to join the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index) with effect from September 23.

The FTSE EPRA / NAREIT Global Real Estate Index Series is an international real estate investment index developed by FTSE Group in cooperation with the European Public Real Estate Association (EPRA) and the National Association of Real Estate Investment Trusts (NAREIT).

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.

Go for lower beta, dividend-paying stocks this year after a disappointing 2018: Phillip

SINGAPORE (Jan 4): Phillip Capital is maintaining its Straits Times Index (STI) target of 3,400 in Oct 2019 – which pegs the market at 13.5 times, or around its ten-year average valuation – as the research house advocates a lower-beta equity portfolio for the year, with an emphasis on dividend-paying stocks.

In a Friday report, head of research Paul Chew opines that the Singapore market is currently cheap on a historical basis, as the STI currently trades at 1 SD of its 10-year historical valuations on a forward P/E of 12 times, or P/B of 1 times.

Keppel DC REIT to build Sydney data centre in Macquarie Business Park

SINGAPORE (Aug 7): The manager of Keppel DC REIT (KDC REIT) intends to build a new shell and core data centre on vacant land within the Macquarie Business Park precinct in Sydney, Australia, as an expansion of the Macquarie Telecom data centre campus.

The expansion will be named Intellicentre 3 East Data Centre (ID3 East DC) when completed sometime between 2019 and 2020, will feature at least 86,000 sq ft of lettable area.

Growth potential & good fundamentals keep Keppel DC REIT at 'buy'

SINGAPORE (July 18): DBS Vickers Securities and CGS-CIMB Research are maintaining their respective “buy” and “add” calls on Keppel DC REIT with target prices of $1.52 and $1.49, after the REIT’s 2Q results came in line with both research houses’ expectations.

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