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teeth1953 Senior	03-Sep-2026 15:09        teeth1953 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Afternoon to you, 😊 ☀ ️ long time never send any message to you already. 😄 👍 😳 halleluyah      ( Date: 20-Aug-2026 09:05) Posted: no hike int...reits all bottoming will be in play as banks take a rest ... beng1102      ( Date: 19-Aug-2026 22:14) Posted: The aggressive short selling at opening failed to bring out more selling today.  So likely we will see a better tomorrow where price could go up more
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teeth1953 Senior	03-Sep-2026 15:06        teeth1953 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keppel DC Reit's Tokyo drift: The easy yen trade is over - The Business Times https://share.google/VzgesMHPBqP4SJ1N4 👉 🤞 Keppel DC Real Estate Investment Trust?s (Reit) S$1.4 bil purchase of two Tokyo data centres hits all the right corporate notes: an 88.6 per cent stake in two freehold assets at a 2.1 per cent discount to valuation, immediate accretion to distribution net asset value, & an upsized S$625 mill placement to help pay for it. ​ 👉 All of which reads well?. But real story is buried in debt. ✓ >According to Maybank analyst Krishna Guha, the👉 yen 💴 debt funding this purchase carries an interest rate of about 2.9 per cent. ​ That not a massive number?, a painful reminder of what is gone. teeth1953      ( Date: 02-Sep-2026 17:02) Posted: Reit manager also plans to raise at least S$600 million through a private placement on Sep 10. (It mean holder must pay more lehh...good or bad - only big boss know...:) ✓ >The 280.1 million new units will be issued at a price between S$2.096 and S$2.142. This represents about a 2.5 per cent and 4.6 per cent discount to the volume-weighted average price of all trades on Monday. ✓ >Alongside the private placement, Keppel DC Reit&rsquo s manager said that it intends to declare an advanced distribution of the distributable income between Jul 10 and Sep 9. This distribution is estimated to be between S$0.02241 and S$0.02281.
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Joelton Supreme	03-Sep-2026 10:57        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keppel DC Reit&rsquo s private placement upsized to S$625 million after &lsquo strong demand&rsquo [SINGAPORE] Keppel DC Reit&rsquo s private placement to partially fund the majority acquisitions of two Japan data centres has been upsized from S$600 million to S$625 million on &ldquo strong demand&rdquo from investors, its manager said on Wednesday (Sep 2). DBS, OCBC, Jefferies Singapore and UOB were the joint bookrunners and underwriters for the private placement, which closed on Tuesday. The demand came from new and existing unitholders globally they consisted of institutional investors and accredited investors, said the real estate investment trust&rsquo s (Reit) manager. The placement was about 3.4 times covered, with a majority of the new units allocated to long-only investors and real estate specialists, added the manager. The issue price per new unit has been fixed at S$2.10, it said. This is about a 4.4 per cent discount to the volume-weighted average price of S$2.1974 of existing units&rsquo trades on Monday. A total of 297.6 million new units will be issued &ndash up from the initially planned 280.1 million units. About S$615.8 million will partially finance the acquisitions of nearly all of Tokyo Data Centre 4 and Tokyo Data Centre 5 &ndash two freehold, hyperscale fully fitted co-location data centres in Inzai City in Greater Tokyo. Keppel DC Reit and Keppel on Tuesday said that they have indirectly agreed to collectively buy 90 per cent stakes in the two data centres for about 171 billion yen (US$1.1 billion). About S$9.2 million from the private placement will go towards the estimated fees and expenses, including professional fees and expenses, incurred or to be incurred by Keppel DC Reit in connection with the placement. DBS has been allocated, on a proprietary basis, one million of the new units under the private placement, added the Reit manager. All of the new units will begin trading on Sep 10. Units of Keppel DC Reit closed flat at S$2.20 on Monday, before the manager called for a trading halt before the market opened on Tuesday. The counter resumes trading on Wednesday.
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Joelton Supreme	03-Sep-2026 10:46        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keppel DC Reit&rsquo s Tokyo drift: The easy yen trade is over [SINGAPORE] Keppel DC Real Estate Investment Trust&rsquo s (Reit) S$1.4 billion purchase of two Tokyo data centres hits all the right corporate notes: an 88.6 per cent stake in two freehold assets at a 2.1 per cent discount to valuation, immediate accretion to distribution and net asset value, and an upsized S$625 million placement to help pay for it. All of which reads well. But the real story is buried in the debt. According to Maybank analyst Krishna Guha, the yen debt funding this purchase carries an interest rate of about 2.9 per cent. That is not a massive number, but it is a painful reminder of what is gone. For years, a Singapore-listed Reit &ndash or S-Reit &ndash buying Japanese property was essentially running a funding trade. Borrow yen at near-zero rates, buy an asset yielding a few points higher, and book the spread. But the Bank of Japan has taken away that free lunch. At 2.9 per cent, Keppel DC Reit&rsquo s interest rate for the latest acquisition costs more than the 2.7 per cent average cost of debt for its portfolio on a pro forma basis. The accretion here is no longer manufactured by cheap money the buildings actually have to earn their keep. Fortunately, they might. The two data centres in Inzai City are fully occupied by investment-grade clients, carry 2.8 per cent annual rent escalations, and sit on in-place rents roughly 30 per cent below market rates. Inzai is on a tight market supply is scarce. Analysts naturally love this set-up. Morningstar&rsquo s Xavier Lee and Maybank&rsquo s Guha both bumped up their targets, citing the rental reversion upside. But there is a catch &ndash time. The weighted average lease expiry is 4.5 years at one asset, and a hefty 10.6 years at the other. Guha expects positive reversion to kick in only from 2029. This means that buyers today are paying for a 2029 story, hoping the rental escalators tide them over. This makes the deal less of a yield play and more of a structural fix. The real win for Keppel DC Reit &ndash whose results briefings have often kicked off with questions about tenant concentration &ndash could be diversification. Three of the four Tokyo clients are new to the portfolio. The top client&rsquo s income share falls from 43.5 per cent to 38.2 per cent. And Japan&rsquo s contribution jumps to 23 per cent from 9 per cent, leaving Singapore as the 60 per cent anchor. But none of this structural improvement comes free. Pro forma leverage creeps up four percentage points to 38 per cent. Existing unitholders pay for their share of the accretion via dilution, given the placement was priced at a 4.4 per cent discount to the volume-weighted average price. Guha also noted that the joint venture set-up &ldquo may be introducing some mark ups&rdquo . Even so, the market lapped it up. The equity raise was 3.4 times covered at the upsized amount, mostly by long-only institutions. In a sector where many S-Reits cannot raise a single cent without sharp discounts, Keppel DC Reit walked away with more than it asked for. Yet, units of Keppel DC Reit : AJBU -0.45% &ndash which Lee describes as undervalued &ndash dipped S$0.01 or 0.5 per cent to close at S$2.19 on Wednesday (Sep 2). Perhaps they are undervalued. But there is a risk trailing every data centre valuation today: the threat of quickly becoming outdated. The prevailing AI narrative demands liquid cooling and massive rack densities that simply did not exist when older colocation assets were built. Upgrading them requires serious capital. That is the tension in buying colocation assets during an AI boom. The Tokyo assets are fully fitted, entirely leased and cash-generating. That makes them financeable, but it also means they are not the frontier of AI infrastructure. The placement order book proves that investors are eager to fund the AI theme. But on these numbers, they are not buying a cutting-edge AI play. They are buying a reliable Japanese landlord with a rent review due in 2029. That is a perfectly fine thing to own, provided you know exactly what you are buying.
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Alignment Elite	02-Sep-2026 18:15        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Alamak not Japan.... a basket case.
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teeth1953 Senior	02-Sep-2026 17:02        teeth1953 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Reit manager also plans to raise at least S$600 million through a private placement on Sep 10. (It mean holder must pay more lehh...good or bad - only big boss know...:) ✓ >The 280.1 million new units will be issued at a price between S$2.096 and S$2.142. This represents about a 2.5 per cent and 4.6 per cent discount to the volume-weighted average price of all trades on Monday. ✓ >Alongside the private placement, Keppel DC Reit&rsquo s manager said that it intends to declare an advanced distribution of the distributable income between Jul 10 and Sep 9. This distribution is estimated to be between S$0.02241 and S$0.02281.
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teeth1953 Senior	02-Sep-2026 16:56        teeth1953 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keppel DC REIT (SGX: AJBU) Share Price, Analysis, News, Dividends - ✓ >(Growbeansprout.com) https://share.google/PTDSsPRioDMwo9bp2 Joelton      ( Date: 02-Sep-2026 11:04) Posted: Keppel DC Reit buys two freehold data centres in Japan for US$1.2 billion [SINGAPORE] Keppel DC Reit and Keppel on Tuesday (Sep 1) said that they have indirectly agreed to collectively buy nearly all of two Tokyo data centres for 190 billion yen (US$1.2 billion). Together, the two will own 90 per cent of Tokyo Data Centre 4 and Tokyo Data Centre 5, two freehold, hyperscale fully-fitted co-location data centres located in Inzai City, Greater Tokyo, Japan. Upon completion in the fourth quarter of 2026, Keppel DC Reit will hold an 88.62 per cent effective interest in each data centre, while Keppel, through its interest in Keppel Japan KK, will hold a 1.38 per cent effective interest. The existing operator, an &ldquo established global data centre owner and operator&rdquo , will retain a 10 per cent interest in each data centre. &ldquo In addition to immediate distribution per unit (DPU) accretion, Tokyo Data Centre 4 and 5 provide embedded growth through contracted rent escalators and meaningful potential reversion opportunities, while further deepening our exposure to the Japan data centre market,&rdquo said Loh Hwee Long, CEO of the manager of Keppel DC Reit. The Reit manager also plans to raise at least S$600 million through a private placement on Sep 10. The 280.1 million new units will be issued at a price between S$2.096 and S$2.142. This represents about a 2.5 per cent and 4.6 per cent discount to the volume-weighted average price of all trades on Monday. Alongside the private placement, Keppel DC Reit&rsquo s manager said that it intends to declare an advanced distribution of the distributable income between Jul 10 and Sep 9. This distribution is estimated to be between S$0.02241 and S$0.02281. Financial impact The aggregate purchase consideration represents a discount of about a 2.1 per cent to the assets&rsquo valuation of 194 billion yen. Keppel DC Reit will pay about 168.4 billion yen. Keppel DC Reit will pay about 168.4 billion yen. The acquisition is expected to be immediately DPU accretive. On a pro forma basis, if the acquisition had been completed on Jan 1 2025, DPU for FY2025 would have been 2.6 per cent up from S$0.10381 to S$0.10649. The assets also have a contracted average annual rent escalation of about 2.8 per cent and in-place rents are estimated to be at least 30 per cent below prevailing market rents, said Keppel DC Reit&rsquo s manager. Weighted average lease expiry (WALE) is about 4.5 years for Tokyo Data Centre 4 and 10.6 years for Tokyo Data Centre 5. The two data centres are fully occupied by &ldquo four investment grade internet enterprise and IT services clients&rdquo . Of the four, three are new to Keppel DC Reit&rsquo s portfolio, which the manager said will broaden its client base and reduce client concentration risk. Following the acquisition, the top client&rsquo s contribution to portfolio rental income is expected to fall from 43.5 per cent as at Jun 30 to about 38.2 per cent post-acquisition. Japan&rsquo s contribution to Keppel DC Reit&rsquo s portfolio rental income will rise from about 9 per cent as at Jun 30 to about 23 per cent post-acquisition. Still, the manager said the Reit&rsquo s portfolio will remain anchored in Singapore, which will account for about 60 per cent of portfolio rental income post-acquisition. Through the new data centres, the Reit&rsquo s portfolio contracted power capacity will increase from about 95 per cent as at Jun 30 to about 96 per cent. Portfolio WALE by lettable area will extend from 6.7 years to 6.8 years. Assets under management will also grow, from S$6.3 billion to about S$7.6 billion across 27 data centres in 10 countries. The manager added that it intends to fund the acquisition through a mix of equity and yen-denominated debt. Shares of Keppel DC Reit closed flat at S$2.20 on Monday, before the announcement. The trust also called for a trading halt before market open on Tuesday.
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Joelton Supreme	02-Sep-2026 11:04        Joelton About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keppel DC Reit buys two freehold data centres in Japan for US$1.2 billion [SINGAPORE] Keppel DC Reit and Keppel on Tuesday (Sep 1) said that they have indirectly agreed to collectively buy nearly all of two Tokyo data centres for 190 billion yen (US$1.2 billion). Together, the two will own 90 per cent of Tokyo Data Centre 4 and Tokyo Data Centre 5, two freehold, hyperscale fully-fitted co-location data centres located in Inzai City, Greater Tokyo, Japan. Upon completion in the fourth quarter of 2026, Keppel DC Reit will hold an 88.62 per cent effective interest in each data centre, while Keppel, through its interest in Keppel Japan KK, will hold a 1.38 per cent effective interest. The existing operator, an &ldquo established global data centre owner and operator&rdquo , will retain a 10 per cent interest in each data centre. &ldquo In addition to immediate distribution per unit (DPU) accretion, Tokyo Data Centre 4 and 5 provide embedded growth through contracted rent escalators and meaningful potential reversion opportunities, while further deepening our exposure to the Japan data centre market,&rdquo said Loh Hwee Long, CEO of the manager of Keppel DC Reit. The Reit manager also plans to raise at least S$600 million through a private placement on Sep 10. The 280.1 million new units will be issued at a price between S$2.096 and S$2.142. This represents about a 2.5 per cent and 4.6 per cent discount to the volume-weighted average price of all trades on Monday. Alongside the private placement, Keppel DC Reit&rsquo s manager said that it intends to declare an advanced distribution of the distributable income between Jul 10 and Sep 9. This distribution is estimated to be between S$0.02241 and S$0.02281. Financial impact The aggregate purchase consideration represents a discount of about a 2.1 per cent to the assets&rsquo valuation of 194 billion yen. Keppel DC Reit will pay about 168.4 billion yen. Keppel DC Reit will pay about 168.4 billion yen. The acquisition is expected to be immediately DPU accretive. On a pro forma basis, if the acquisition had been completed on Jan 1 2025, DPU for FY2025 would have been 2.6 per cent up from S$0.10381 to S$0.10649. The assets also have a contracted average annual rent escalation of about 2.8 per cent and in-place rents are estimated to be at least 30 per cent below prevailing market rents, said Keppel DC Reit&rsquo s manager. Weighted average lease expiry (WALE) is about 4.5 years for Tokyo Data Centre 4 and 10.6 years for Tokyo Data Centre 5. The two data centres are fully occupied by &ldquo four investment grade internet enterprise and IT services clients&rdquo . Of the four, three are new to Keppel DC Reit&rsquo s portfolio, which the manager said will broaden its client base and reduce client concentration risk. Following the acquisition, the top client&rsquo s contribution to portfolio rental income is expected to fall from 43.5 per cent as at Jun 30 to about 38.2 per cent post-acquisition. Japan&rsquo s contribution to Keppel DC Reit&rsquo s portfolio rental income will rise from about 9 per cent as at Jun 30 to about 23 per cent post-acquisition. Still, the manager said the Reit&rsquo s portfolio will remain anchored in Singapore, which will account for about 60 per cent of portfolio rental income post-acquisition. Through the new data centres, the Reit&rsquo s portfolio contracted power capacity will increase from about 95 per cent as at Jun 30 to about 96 per cent. Portfolio WALE by lettable area will extend from 6.7 years to 6.8 years. Assets under management will also grow, from S$6.3 billion to about S$7.6 billion across 27 data centres in 10 countries. The manager added that it intends to fund the acquisition through a mix of equity and yen-denominated debt. Shares of Keppel DC Reit closed flat at S$2.20 on Monday, before the announcement. The trust also called for a trading halt before market open on Tuesday.
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halleluyah Supreme	20-Aug-2026 09:05        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	no hike int...reits all bottoming will be in play as banks take a rest ... beng1102      ( Date: 19-Aug-2026 22:14) Posted: The aggressive short selling at opening failed to bring out more selling today.  So likely we will see a better tomorrow where price could go up more. beng1102      ( Date: 18-Aug-2026 11:32) Posted: Soon to move above $2.27
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beng1102 Elite	19-Aug-2026 22:14        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The aggressive short selling at opening failed to bring out more selling today.  So likely we will see a better tomorrow where price could go up more. beng1102      ( Date: 18-Aug-2026 11:32) Posted: Soon to move above $2.27. beng1102      ( Date: 09-Aug-2026 13:57) Posted: STRONG BUY next open as selling has peaked.
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halleluyah Supreme	18-Aug-2026 13:19        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, heading 2.30 after long accumulation...gd reits among all.... beng1102      ( Date: 18-Aug-2026 11:32) Posted: Soon to move above $2.27. beng1102      ( Date: 09-Aug-2026 13:57) Posted: STRONG BUY next open as selling has peaked.
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beng1102 Elite	18-Aug-2026 11:32        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Soon to move above $2.27. beng1102      ( Date: 09-Aug-2026 13:57) Posted: STRONG BUY next open as selling has peaked.    beng1102      ( Date: 07-Aug-2026 13:24) Posted: Yes.  I bot too.    Just Strong Buy and hold as selling is near it' s peak
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halleluyah Supreme	11-Aug-2026 09:07        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Heading 2.30...A1 growth, dc will b in demand....dyodd
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beng1102 Elite	09-Aug-2026 13:57        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	STRONG BUY next open as selling has peaked.    beng1102      ( Date: 07-Aug-2026 13:24) Posted: Yes.  I bot too.    Just Strong Buy and hold as selling is near it' s peak. halleluyah      ( Date: 06-Aug-2026 09:45) Posted: just bot some........
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beng1102 Elite	07-Aug-2026 13:24        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes.  I bot too.    Just Strong Buy and hold as selling is near it' s peak. halleluyah      ( Date: 06-Aug-2026 09:45) Posted: just bot some........
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chengwh1 Elite	06-Aug-2026 22:58        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Where do you see this data that the insto' s are selling-off, bro ? Learning something from you,.... Plantoretire      ( Date: 27-Jul-2026 13:09) Posted: seems like institutions are sell off, profit taking, rental reversion is peaking.
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halleluyah Supreme	06-Aug-2026 09:45        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	just bot some........
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halleluyah Supreme	05-Aug-2026 09:03        halleluyah About Contact  Quote this Post!
x 1   x 0  Alert Admin	oil drop quite a lot n also treasury yield...gd support buy since after ex div....gd growth fr AI......
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Plantoretire Member	27-Jul-2026 13:09        Plantoretire About Contact  Quote this Post!
x 0   x 0  Alert Admin	seems like institutions are sell off, profit taking, rental reversion is peaking.
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PiRPiR Master	24-Jul-2026 11:35        PiRPiR About Contact  Quote this Post!
x 0   x 1  Alert Admin	https://www.theedgesingapore.com/capital/results/keppel-dc-reits-1hfy2026-dpu-rises-113-y-o-y
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