Keppel DC REIT - UOB Kay Hian 2024-07-12: Making Its Maiden Foray Into Japan

• 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 an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-04-21 Keppel DC REIT 1Q25 - Contributions From SGP7 & SGP8 Kick In.

Previous report by UOB:
2025-03-20 Keppel DC REIT - Sustainable Growth In Singapore; Green Shoots In China..

Price targets by 2 other brokers at Keppel DC REIT Target Prices.

Listing of research reports at Keppel DC REIT Analyst Reports.

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