Keppel DC Reit

[sgpunter]

B4 IPO, many think it's a long to long-term investment. Look like those who want to stag have a "Field Day" today. No?
For those going for long-term, do we need to worry about http://www.businessinsider.sg/hp-the-mac...IfS_TGUc00 as posted by sgpunter? If so when to start to worry? Better start now?
(Vested in HP for > 25 years)

Vested in HP for >25 years??? Wow impressive, must have been quite a roller coaster ride.

Well, if you believe HP can pull The Machine off, its certainly going to be a game changer to make data centers obsolete. You'll get your answer in 2016

[Temperament]

B4 IPO, many think it's a long to long-term investment. Look like those who want to stag have a "Field Day" today. No?
For those going for long-term, do we need to worry about http://www.businessinsider.sg/hp-the-mac...IfS_TGUc00 as posted by sgpunter? If so when to start to worry? Better start now?
(Vested in HP for > 25 years)

Vested in HP for >25 years??? Wow impressive, must have been quite a roller coaster ride.

Well, if you believe HP can pull The Machine off, its certainly going to be a game changer to make data centers obsolete. You'll get your answer in 2016

Not quite.
If IBM then maybe a US $ Millionaire already. Just missed a few years for HP. If only i invest 1 to 2 years earlier according to HP's corporate actions history. What is not meant to be, is not meant to be lol.

[greentea]

Hot Stock: Keppel DC Reit most active Singapore Reit, gets outperform call from Credit Suisse

http://businesstimes.com.sg/companies-ma...-call-from

By Angela Tan angelat@sph.com.sg

15 Jan 11:23 AM
RECENTLY-LISTED Keppel DC Reit is the most actively traded Reit in Singapore on Thursday, with more than eight million units changing hands.

By 10.50 am, the pure data centre Reit is trading around S$0.975 a unit, up 0.5 cent, or 0.5 per cent.....

[greengiraffe]

Keppel DC inks Sydney deal for Intellicentre 2 building
THE AUSTRALIAN MAY 29, 2015 12:00AM

Ben Wilmot

Commercial Property Editor
Sydney
Singapore’s Keppel DC REIT has struck a sale and leaseback deal with the listed Macquarie Telecom that will see the offshore group acquire the Intellicentre 2 building in Sydney for about $43.3 million.

The purchase marks Keppel DC REIT’s maiden acquisition five months after its listing on the Singapore stock exchange and boosts its Australian property portfolio.

The trust also owns the iseek Data Centre in the Export Park Precinct of Brisbane Airport and the Gore Hill Data Centre in Gore Hill Technology Park in Sydney’s north.

IC2 is in the Macquarie Business Park, a research and business park in Sydney’s northwest that specialises in communications and information technology.

Completed in 2012, the data centre spans a total lettable area of 8169sq m and sits on about 20,000sq m of freehold land.

The ASX-listed Macquarie Telecom will sign a 20-year triple net lease agreement, which includes a mechanism for annual rental rises and options to extend the lease. MT will also manage the facility and be responsible for all property-related outgoings.

The deal is expected to add to the trust’s distributions and its overall portfolio weighted average lease to expiry will increase to 9.2 years.

Keppel DC REIT chief Chua Hsien Yang said the buy would expand its footprint in Australia.

[cyclone]

Keppel DC REIT expands its footprint to Italy by acquiring data centre in Milan

The purchase consideration of the data centre is EUR 37.3 million (approximately S$57.3 million based on an exchange rate of EUR 1.00 to S$1.5356).

The data centre comprises three interconnected four-storey buildings with a total lettable area of approximately 15,365 sqm (165,389 sq ft). The facility is sited on 11,965 sqm (128,791 sq ft) of freehold land that is approximately eight kilometres away from the Milan city centre, well connected and easily accessible via the Milan Metro system.

The data centre has been fully leased to one of the world’s largest telecommunications companies, on a double-net lease structure for 12 years since January 2016. The lease provides for annual rental escalations and an option to renew for another six years. The client will continue to manage the facility, own the fit-out, as well as bear operating expenses and capital expenditure of the mechanical and electrical equipment.

The acquisition will be fully funded by debt and is expected to be completed in the third quarter of 2016. Upon completion, Keppel DC REIT’s aggregate leverage is expected to increase from 29.1% to approximately 32.5%. Assets under management will increase to approximately S$1.13 billion with aggregate lettable area of approximately 70,912 sqm (763,298 sq ft) across 10 data centres, excluding maincubes Data Centre, which is under construction by the vendor in Germany and slated for completion in 2018.

[Kelvin]

for the provisional allotment of new units under preferential offering, i was allocated 822 units. is it gonna be difficult to trade due to odd lots?

Sent from my SM-G930F using Tapatalk

[Dividend Knight]

for the provisional allotment of new units under preferential offering, i was allocated 822 units. is it gonna be difficult to trade due to odd lots?

Sent from my SM-G930F using Tapatalk

I would suggest applying for excess of 78 units so that you have a nice round number of 900...

[cyclone]

Distribution Yield @IPO price $0.93 = 0.0614/0.93 = 6.60%
Distribution Yield @today's closing price $1.215 = 0.0614/1.215 = 5.05%

Keppel DC REIT’s FY 2016 Distributable Income Exceeds Forecast by 4.0%
Highlights :
* Portfolio grew during the year with three acquisitions
* DPU of 2.80 cents declared for 2H 2016
* DPU of 6.14 cents for FY 2016
* Distributable income for FY 2016 was $61.0 million, 4.0% higher than IPO forecast
* Adjusted distribution yield based on IPO price was 7.18%, up 3 bps from IPO forecast
* Portfolio occupancy of 94.4%
* Portfolio weighted average lease expiry (WALE) of 9.6 years by leased lettable area
* Aggregate leverage of 28.3%
* Strong interest coverage ratio of 9.4 times

More details in http://infopub.sgx.com/FileOpen/Keppel%2...eID=436583

[cyclone]

Keppel DC REIT Delivers 8.7% Year-on-Year Growth in 1H 2017 DPU

Highlights:
1. DPU of 3.63 cents declared for 1H 2017, translating to a 8.7% year-on-year growth
2. Ex Dividend Date is 21 July 2017 and Unitholders can expect to receive their distribution on 31 August 2017
3. Distributable income for 1H 2017 was $41.9 million, 42.0% higher than 1H 2016
4. Portfolio occupancy rate of 93.1%
5. Portfolio weighted average lease expiry (WALE) of 9.4 years by leased area
6. Aggregate leverage of 27.7%
7. Interest coverage ratio of 10.6 times
8. Keppel DC REIT’s annualised distribution yield was 5.56% based on 1H 2017’s market closing price of $1.290 per Unit.

More details in http://infopub.sgx.com/FileOpen/Keppel%2...eID=461713

[cyclone]

Launch of Private Placement to Raise Gross Proceeds of Approximately S$303.1 Million

Keppel DC REIT Management Pte. Ltd., in its capacity as manager of Keppel DC REIT (the "Manager"), announced the proposed private placement of 224,000,000 new units in Keppel DC REIT to accredited, institutional and other investors at an issue price of S$1.353 per New Unit to raise gross proceeds of approximately S$303.1 million.

The Issue Price per New Unit represents a discount of 4.9% to the volume weighted average price ("VWAP") of S$1.4220 per Unit for trades in the Units done on the SGX-ST for the full Market Day on 4 May 2018 (being the preceding Market Day on which the Subscription Agreement was signed).

The Manager intends to use the gross proceeds of approximately S$303.1 million from the Private Placement in the following manner:
(i) approximately S$298.9 million (which is equivalent to 98.6% of the gross proceeds of the Private Placement) to partially fund the acquisition of the property located at 13 Sunview Way, Singapore 627541 and the associated costs; and
(ii) approximately S$4.2 million (which is equivalent to 1.4% of the gross proceeds of the Private Placement) to pay the estimated fees and expenses, including professional fees and expenses, incurred or to be incurred by Keppel DC REIT in connection with the Private Placement,
with the balance of the gross proceeds of the Private Placement, if any, to be used for general corporate purposes and/or working capital purposes

More details in http://infopub.sgx.com/FileOpen/Keppel%2...eID=504257