Keppel DC Reit *Official* (SGX: AJBU)

Jupiter2017

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http://www.businesstimes.com.sg/com...175-cents-for-q4-2017-fuelled-by-acquisitions
Keppel DC Reit's DPU up by 33.6% to 1.75 cents for Q4 2017, fuelled by acquisitions
Mon, Jan 22, 2018 - 5:43 PM Annabeth Leow leowhma@sph.com.sg

KEPPEL DC Reit has posted a fourth-quarter distribution per unit (DPU) of 1.75 Singapore cents, it announced on Monday.
This was an increase of 33.6 per cent on the 1.31 Singapore cents in the same period the previous year.
Distributable income rose by 37.1 per cent, to S$20.25 million.
This came on a net property income of S$32.65 million, or 30.9 per cent more than the year before, in the three months to Dec 31, 2017.
Gross revenue was higher by 37.2 per cent, at S$36.83 million.
The real estate investment trust, which has a portfolio of 13 data centres in the Asia-Pacific and Europe, saw its gains come on the back of rental income from freshly acquired properties.
Acquisitions, as well as a one-off capital distribution in the first quarter, drove full-year distributable income up by 34.8 per cent, to S$82.32 million.
Net property income grew by 37.6 per cent, to S$125.1 million.
Gross revenue for the full year, meanwhile, was higher by 40.3 per cent, to S$139.1 million.
Keppel DC Reit closed down by S$0.01, or 0.68 per cent, to S$1.47, before the results were announced.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=AJBU.SI
 

Jupiter2017

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http://www.businesstimes.com.sg/com...intains-buy-on-keppel-dc-reit-ocbc-downgrades
Broker's take: DBS maintains 'buy' on Keppel DC Reit; OCBC downgrades
Tue, Jan 23, 2018 - 10:44 AM UPDATED Tue, Jan 23, 2018 - 10:59 AM
Navin Sregantannavinsre@sph.com.sg

DBS Group Research has maintained its "buy" call on Keppel DC Reit, raising the target price for the Reit (real estate investment trust) to S$1.60 on the back of a rebound in operational performance and new acquisitions.
However, the same sentiments were not shared by OCBC Investment Research brokers, who have downgraded Keppel DC Reit to "hold".
They see limited upside potential despite a 24.1 per cent increase on Keppel DC Reit's unit price since the start of 2017. OCBC cited a slower ramp-up in occupancy at Keppel DC SG1 and Keppel DC Dublin 1, lower finance costs, and a higher effective tax rate affecting the Reit's upside potential.
As a result, OCBC lowered its fiscal 2018 and 2019 distribution per unit forecasts by 1.3 per cent and 3.6 per cent respectively, with the unit's fair value at S$1.51.
Both DBS and OCBC said that Keppel DC Reit's fourth-quarter results were in line with expectations, noting that the Reit's properties enjoyed a high occupancy rate with limited expiries over the coming two financial years. OCBC added that the Keppel DC Reit portfolio had a weighted average lease expiry of 9.1 years.
DBS added that a pickup in occupancies and rental reversionary prospects may lift future earnings estimates.
On the other hand, DBS analysts cited competition from larger third-party data centre players as a key risk to their evaluation. The data centre market is dominated by international players that have entered into markets where Keppel DC Reit operates in. As a result, Keppel DC Reit may face higher barriers to entry and stiffer competition to attract and retain tenants, the analysts said.
Keppel DC Reit units were trading at S$1.48, up 0.01 Singapore cent or 0.68 per cent, as at 10.20am.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=AJBU.SI
 

Dividends Warrior

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The maincubes data centre in Germany should be completed by now.
A brand-new, freehold data centre with a tenant already lined up on a 15-year triple-net master lease. Sweet dreams are made of this! :love:

c86f1d6d33e088e4ed2b8e920b6683bec92e5513.JPG
 

Minx99

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The maincubes data centre in Germany should be completed by now.
A brand-new, freehold data centre with a tenant already lined up on a 15-year triple-net master lease. Sweet dreams are made of this! :love:

c86f1d6d33e088e4ed2b8e920b6683bec92e5513.JPG
It's my pleasure to announce the completion of acquisition of Maincube Data Centre while you were enjoying the long weekend. You can expect a denser ang pow next quarter....:s12:
 

addict951

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Why nobuttie chat here riao?
There's an announcement 2day.
Bot a new property then got pte placement (bbs only?) @ 1.353
then now also gibe us advance cd of 0.0275 also
 

Dividends Warrior

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Why nobuttie chat here riao?
There's an announcement 2day.
Bot a new property then got pte placement (bbs only?) @ 1.353
then now also gibe us advance cd of 0.0275 also

DPU accretive and NAV accretive. Riding on Singapore's 2nd CBD - Jurong! :s12:

 
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lzydata

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19.9% placement - rarely do you see a manager take it all the way up to the limit :s12:
 

localking86

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Not fair that that they only have private placement. But price has fallen almost to private placement price
 

NewInvestor

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Can buy if it goes below $1.40 again? That would be close to the private placement price 6 months ago.
 
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