- Keppel DC REIT has made its maiden foray into Japan by acquiring a 98.47% effective interest in a freehold shell & core data centre at West Tokyo in Japan for ¥23.4b (S$201.0m).
- The acquisition is fully funded by JPY-denominated debt at a cost of below 2%. It is accretive to Keppel DC REIT's DPU by 1.1% and should be completed in 3Q24.
Establishing a foothold in Japan.
- - Read this at SGinvestors.io -
Japan embraces AI to enhance productivity.
- - Read this at SGinvestors.io -
- Tokyo is the top data centre market in Asia and supply is limited due to difficulty in securing suitable land and power. Major US hyperscalers, such as AWS, Microsoft, Oracle, have announced investments in Japan totalling more than US$10b.
Deepens relationship with hyperscale tenant.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-07-12
Read also UOB's most recent report:
2024-10-21 Keppel DC REIT 3Q24 - Positive Momentum To Sustain Into 4Q24 & 2025.
Previous report by UOB:
2024-09-13 Keppel DC REIT - Positive Momentum To Sustain Into 2H24 & 2025.
Price targets by 2 other brokers at Keppel DC REIT Target Prices.
Listing of research reports at Keppel DC REIT Analyst Reports.
Relevant links:
Keppel DC REIT Share Price History,
Keppel DC REIT Announcements,
Keppel DC REIT Dividends & Corporate Actions,
Keppel DC REIT News Articles
