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Starting to move a little again ..
Keppel DC Reit starts legal proceedings against DXC Technology Services over payment default
KEPPEL DC Reit Keppel DC Reit : AJBU +0.88% has commenced legal proceedings against tenant DXC Technology Services Singapore (DXC) over the latter' s partial default of payment in relation to colocation services provided at its data centre in Serangoon North.
The amount being disputed is approximately S$14.8 million for the 4-year period between Apr 1, 2021 and Mar 31, 2025, the real estate investment trust (Reit) manager said in a bourse filing on Monday (Mar 21).
DXC has disputed their liability to make payment.
The tenant occupies about 0.4 per cent of Keppel DC Reit' s total attributable lettable area as at 31 Dec, 2021, and the impact arising from the disrupted sum per annum is approximately 2 per cent of Keppel DC Reit' s distributable income for the financial year ended Dec 31, 2021.
The Reit manager said it does not believe the legal dispute to have a material impact on Keppel DC Reit' s overall financial performance.
The master lessee and appointed facility manager of the data centre, located on 25 Serangoon North Avenue 5, is Keppel DC Singapore Ltd (KDC).
" While KDC, together with the manager and DXC, have engaged in various commercial discussions and mediations, the parties have not been able to arrive at a mutually acceptable resolution," said the Reit manager.
The manager added that further updates will be provided as and when there are material developments in the legal proceedings.
finally showing alittle ...bit ... of life lol
Time to go up
I will just keep this counter stock for 5 years and then see.
Miserable
Miserable
Keppel DC Reit
Between Feb 4 and 7, Keppel DC Reit Management Pte Ltd non-executive director Pang Thieng Hwi acquired 13,800 units of Keppel DC Reit Keppel DC Reit: AJBU -0.9% at an average price of S$2.15 per unit.
With a consideration of S$29,670, the acquisition increased Pang' s direct interest in the Reit to 84,188 units, towards 0.01 per cent of the total number of issued units.
This was Pang' s first acquisition of Keppel DC Units via a market transaction, with his previous acquisitions via placements, and allotment and issue of new units.
Pang is also executive director and the CEO of Keppel Telecommunications & Transportation Ltd, a position he has held since July 2014.
Prior to that, from June 2010 to June 2014, he was CEO of Keppel Infrastructure Fund Management Pte Ltd, the trustee-manager of Keppel Infrastructure Trust.
Pang also holds directorships in several subsidiaries, associates and joint venture companies of Keppel T& T.
He is also a director of Keppel Capital Holdings Pte Ltd, Keppel Technology and Innovation Pte Ltd and M1.
On Jan 24, Keppel DC Reit reported 7.4 per cent year-on-year (yoy) growth in DPU for its FY21 (ended Dec 31), attributed to new acquisitions and higher asset occupancies largely contributed by the completion of asset enhancement initiatives.
The value creation initiatives, combined with portfolio valuation uplifts, saw its AUM (assets under management) grow to S$3.4 billion as at Dec 31, up from S$3.0 billion a year ago.
Keppel DC Reit aims to grow its portfolio of data centre assets, with at least 90 per cent of its AUM invested in data centres.
Back in October, IT research and consultancy Gartner, estimated that data centre systems spending in 2022 would reach US$207 billion, representing a 5.8 per cent increase from 2021.
let see tomorrow 03/02/22
up 3-4% ?
$2.22 ?
this is what i hope for, many unitholder sold before the ex-date
up 3-4% ?
$2.22 ?
this is what i hope for, many unitholder sold before the ex-date
KDC is in a good position
HVRRVH ( Date: 02-Feb-2022 11:15) Posted:
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It has already dropped more than 10 cents since the released of the results. I am vested and I am neutral on KDC at the moment. It needs to consolidate now and hopefully it is at current level. It has to acquire more quality assets fast to fuel the growth.
Jamesbond007 ( Date: 01-Feb-2022 09:33) Posted:
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May reach 1.99?
ex-dpu of 4.927c, and unit only down 2c.
Keppel Group' s S-Reits average 3.6% DPU growth for FY2021
AS at last Friday (Jan 28), 12 S-Reits have reported their full year financial results for the period ended Dec 31, 2021.
The majority reported a year-on-year (yoy) increase in full year distribution per unit (DPU).
Among them, all 3 S-Reits in the Keppel Group - Keppel DC Reit, Keppel DC Reit: AJBU -0.46% Keppel Reit Keppel Reit: K71U -1.74% and Keppel Pacific Oak US Reit KepPacOakReitUSD: CMOU -3.29% - have announced their full year 2021 financial results last week.
Keppel DC Reit (KDCReit) declared a DPU of 9.851 Singapore cents for FY 2021, a 7.4 per cent increase from 9.170 cents in FY 2020.
This was on the back of a 9.4 per cent y-o-y increase in FY 2021 distributable income, supported by contributions from new data centre acquisitions in Germany, the Netherlands and Australia, as well as the completion of asset enhancement initiatives in Dublin and Singapore.
Looking ahead, the Reit noted that it may also look to potentially acquire assets from its sponsor and Keppel' s private data centre fund, which have more than S$2 billion of assets under management and development.
Keppel Reit declared full year FY2021 DPU of 5.82 Singapore cents, representing an increase of 1.6 per cent year on year.
The Reit noted that the growth in distribution was due mainly to full-year contribution from Victoria Police Centre and Pinnacle Office Park, in Australia, which were added to the portfolio in FY 2020, as well as Keppel Bay Tower, in Singapore, which was acquired in May 2021.
However, the increase was partially offset by the impact of the divestment of 275 George Street, Australia, in July 2021 and lower occupancies in some buildings.
Keppel Pacific Oak US Reit' s (KORE) FY 2021 distributable income increased 6.5 per cent year on year, bringing its full year DPU to 6.34 US cents, an increase of 1.8 per cent year on year.
KORE attributed its stronger performance to several factors, including contributions from new acquisitions during the year, as well as positive rental reversions and built-in annual rental escalations across the portfolio.
All three S-Reits under the Keppel Group have made commitments to maintain a sustainable portfolio, guided by the 3 key themes under their sustainability framework - environmental stewardship, responsible business, and people and community.
In particular, KDCReit aims to introduce renewable energy to at least 50 per cent of its colocation assets by 2030, as well as encourage the use of renewable energy at all other portfolio assets.
Keppel Reit ' s Keppel Bay Tower, 8 Exhibition Street and Victoria Police Centre are already fully powered by renewable energy while its 8 Exhibition Street asset has achieved carbon neutrality.
All 3 S-Reits also target to achieve at least 20 hours of training hours per employee and contribute to Keppel Capital' s target of more than 500 hours of staff volunteerism in 2022. SGX RESEARCH
Results quite solid leh, occupany also so high, buy the dip ?
Interest rates hikes yes coming, but keppel dc can also increase slightly rents to its tenants to offset the interest rates hikes ?
HBD , and private housing rents all also increasing mah ...
Interest rates hikes yes coming, but keppel dc can also increase slightly rents to its tenants to offset the interest rates hikes ?
HBD , and private housing rents all also increasing mah ...
i think its general market drop..?
DYODD.. the results really solid imo...
DYODD.. the results really solid imo...
Lobster ( Date: 25-Jan-2022 16:20) Posted:
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If after tonight, KR follow KDC, then it will be the same pattern throughout for the REIT market this reporting season. Hope today is just a total knee act reaction to US market and MAS kaisu, kaisi actions......
Hmmmm not sure what to think of today' s price action 
The usual expected decent earnings from KDC....Could it be the recent MCT MNAC merger spike some fear amongst insti that punish holding high PB stocks (relative to it' s peers).
The usual expected decent earnings from KDC....Could it be the recent MCT MNAC merger spike some fear amongst insti that punish holding high PB stocks (relative to it' s peers).
I am vested. Results ok but growth in SG unlikely in the near future. They have to acquire assets outside SG and they have been doing so, though not in the scale of MIT. I would be very honest, I should have sold it when it was traded at $3.xx range as that price will represent more than 100% profit and at least equivalent to 15 years of DPUs payout. Having said that, I am also ok as long as the DPU continue to grow as my yield should hit 10% soon based on my average purchase price.
Soon people will realise .....
Keppel DC REIT
Strong demand underpins stable income
■ KDC&rsquo s FY21 DPU of 9.851 Scts (+7.4% yoy) came in line with our forecast.
■ Stronger performance was mainly driven by acquisitions, AEIs and higher
occupancy rate.
■ Reiterate Add. KDC offers resilient income, which limits price downside risks in a volatile market. TP $2.70
Now speculators selling on rumours ? they will buying back on news ? this is always the case in stock market !
Isnt the results buay pai?
But value like crap..
But value like crap..