Keppel DC Reit

REIT WATCH

Q3 reporting season kicks off with growth in S-Reits’ distributions

[SINGAPORE] The latest earnings season for Singapore-listed real estate investment trusts (S-Reits) has commenced, with seven trusts reporting their latest financial results or business updates over t...

Keppel DC Reit will hold a 98.5% interest in Tokyo Data Centre 3, while Keppel will hold the remainder.

Keppel DC Reit raising S$404 million from unitholders to help fund 82-billion yen Tokyo data centre buy

Under preferential offering, unitholders are entitled to 80 units for every 1,000 units owned at $2.24 each

A server room in one of Keppel DC Reit’s data centre assets (above). The Reit had subscribed to S$88.7 million in bonds and 100% of the preference shares issued by NetCo, for S$1 million.

Keppel DC Reit proposes sale of M1-issued NetCo bonds, preference shares

Under the terms, the trust receives S$11 million a year for 15 years and gets 50% board representation

Singapore stocks notch the sixth straight session of declines on Friday, as most Asia markets close lower following the US' latest tariff announcement.

Singapore shares on longest losing streak since April; STI falls 0.5%

Across the broader market, losers outnumber gainers 340 to 244, as 1.3 billion securities worth S$1.7 billion change hands

Keppel DC Dublin 1 is one of the Reit's properties. The Reit's revenue is up 34.4% at S$211.3 million for the half year.

Keppel DC Reit posts 12.8% rise in H1 DPU to S$0.05133

Distributable income is up 57.2% at S$127.1 million for the period

The other four companies on the STI's reserve list are CapitaLand Ascott Trust, ComfortDelGro, Keppel Reit and Suntec Reit.

Keppel DC Reit to replace Jardine C&C on STI

NetLink NBN Trust will take over Keppel DC Reit on the index’s reserve list

Following the change, the board will comprise six directors, of whom four are independent directors.

Keppel DC Reit names Low Huan Ping as lead independent director amid board changes

This comes after unitholders voted against the re-election of Kenny Kwan at the AGM on Apr 15

While Keppel DC Reit respects the outcome of the vote regarding lead independent director Kenny Kwan, we believe it is important to evaluate independence in context.
LETTER TO THE EDITOR

Applying blanket standard narrows pool of director candidates: Keppel DC Reit manager

We refer to the BT article “Keppel DC Reit lead independent director Kenny Kwan fails to get re-elected at AGM”, published on Apr 18, 2025.