{"id":63399,"date":"2025-02-02T02:30:31","date_gmt":"2025-02-02T02:30:31","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/investing\/keppel-dc-reits-2h-fy24-result-review\/"},"modified":"2025-02-02T02:30:31","modified_gmt":"2025-02-02T02:30:31","slug":"keppel-dc-reits-2h-fy24-result-review","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=63399","title":{"rendered":"Keppel DC REIT\u2019s 2H FY24 Result Review"},"content":{"rendered":"


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Basic Profile & Key Statistics<\/span><\/b><\/p>\n

Key Indicators<\/span><\/b><\/p>\n

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Performance Highlight<\/span><\/b><\/p>\n

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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.<\/p>\n

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Acquisition<\/span><\/b><\/p>\n

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

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Divestment<\/span><\/b><\/p>\n

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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.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Related Parties Shareholding<\/span><\/b><\/p>\n
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REIT Sponsor’s Shareholding: Less FavorableREIT Manager’s Shareholding: ModerateDirectors of REIT Manager’s Shareholding: Less Favorable<\/div>\n<\/div>\n<\/div>\n
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Lease Profile<\/span><\/b><\/p>\n

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Committed Occupancy: ModerateHighest Annual Lease Expiry in 4 Years: FavorableWALE: ModerateWeighted Average Land Lease Expiry: Less Favorable<\/p>\n

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Debt Profile<\/span><\/b><\/p>\n

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Adjusted Interest Coverage Ratio: FavorableCost of Debt: FavorableGearing Ratio:<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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