Keppel DC REIT was listed on Singapore Exchange Securities Trading Limited (SGX-ST) in December 2014. Keppel DC REIT’s strategy is to invest, directly or indirectly, in a diversified portfolio of income-producing real estate assets which are used primarily for data center purposes, as well as real estate-related assets. As of December 2020, it has a portfolio size of approximately $3.0 billion. The portfolio comprises 19 high quality and well-located data centres in Singapore, Malaysia, Australia, the United Kingdom (UK), the Netherlands, Republic of Ireland (Ireland), Italy and Germany, and 1 data center under development in Australia.
As of 31 March 2021, its portfolio occupancy rate is 97.8%.
Rental Income Breakdown
Its derives the majority of the Rental income from Internet enterprise sector (~47%). Telecom sector is second revenue generator (~25%).
Lease Expiry Profile
Its Portfolio WALE is 6.6 years (by lease area).
Revenue has grown at CAGR of 21.6% over past 5-year period.
Net Income has grown at CAGR of 27% over past 5-year period.
Current dividend yield is 3.05%.
Debt Maturity Profile
Near to Medium Term Trigger
- APAC Data center spending to surpass $35B by 2024.
- European Data center market to grow by >40% to over $25B by 2024.
- 5G subscription is expected to reach 3.5B in 2024 and account for 54% of total mobile data.
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