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    REIT - Office
Keppel DC REIT

Keppel DC REIT

KPDCF
Keppel DC REITUS flagOther OTC
1.80
USD
- -
- -
4.40BMarket Cap
Keppel DC REIT
KPDCF
(Other OTC)

Recent

price

1.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.06
0.11
0.1
0.12
0.14
0.14
0.16
0.16
0.16
0.16
0.18
0.19
0.14
Revenue per Share
0.04
0.11
0.05
0.06
0.11
0.07
0.1
0.19
0.13
0.07
0.17
0.19
0.08
Basic EPS, GAAP
0.04
0.06
0.08
0.1
0.08
0.1
0.14
0.11
0.13
0.12
0.13
0.11
0.11
Free Cash Flow per Basic Share
- -
0.03
0.06
0.06
0.06
0.09
0.06
0.11
0.08
0.1
0.09
0.09
0.09
Dividend per Share
- -
- -
- -
- -
1.17
1.37
1.24
1.41
1.42
1.4
1.99
1.88
1.42
Book Value per Share
0.83
0.89
1.13
0.96
1.14
1.31
1.19
1.38
1.41
1.36
1.95
1.85
1.36
Tangible Book Value per Share
929
913
945
1,169
1,299
1,441
1,659
1,689
1,745
1,727
1,759
2,287
1,390
Basic Weighted Avg Shares
55
102
99
139
176
195
266
271
277
281
310
441
195
Sales/Revenue/Turnover
79.62
76.89
82.09
70.8
76.14
78.22
79.63
79.99
78.99
75.63
70.84
75.14
78.22
Operating Margin (%)
- -
- -
1
2
7
4
6
3
- -
- -
- -
- -
4
Depreciation Expense
33
104
51
65
142
107
168
314
231
119
301
428
107
Net Income, GAAP
10.1
5.07
11.69
9.43
3.32
10.18
10.91
8.32
11.69
11.3
7.87
8.05
10.18
Effective Tax Rate (%)
59.5
101.91
51.38
46.91
80.83
54.67
63.32
115.71
83.26
42.15
96.9
96.93
54.66
Profit Margin (%)
51
40
303
125
33
172
71
42
18
61
61
191
172
Working Capital
323
338
464
576
573
880
1,044
1,136
1,300
1,408
1,628
2,077
880
LT Debt
773
813
1,074
1,117
1,476
1,903
1,982
2,336
2,457
2,354
3,427
4,230
1,903
Total Equity
- -
6.53
5.23
5.44
6.6
5.44
6.27
5.83
5.1
4.85
4.5
5.17
5.44
Return on Invested Capital (%)
- -
32.93
14.68
13.54
10.56
4.42
5.66
9.06
6.57
4.34
7.49
7.76
4.42
Return on Capital (%)
- -
- -
- -
- -
18.63
6.08
8.35
14.14
9.49
4.83
10.15
10.97
6.08
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
ST Debt
124
16
40
LT Borrowings
610
712
832
LT Finance Leases
- -
- -
48
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,399
1,511
1,658
Market Capitalization
- -
- -
2,902

Working Capital

FRC

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
Total Current Assets
227
434
280
Cash, Cash Equivalents & STI
144
347
156
Accounts Receivable, Net
80
84
44
Inventories
- -
- -
- -
Total Current Liabilities
161
79
108
Payables & Accruals
- -
- -
- -
ST Debt
124
16
40
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.91%
17.57%
23.44%
Free Cash Flow
19.98%
3.13%
17.47%
Net Income, GAAP
33.47%
41.49%
42.29%
Sales/Revenue/Turnover
16.89%
11.67%
42.24%
Total Cash Common Dividend
25.59%
19.39%
33.36%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
281
2024
- -
- -
- -
- -
310
2025
- -
- -
- -
- -
441

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.07
2024
- -
- -
- -
- -
0.17
2025
- -
- -
- -
- -
0.19

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.1
2024
- -
- -
- -
- -
0.09
2025
- -
- -
- -
- -
0.09
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Business
Keppel DC REIT operates as the first pure-play data centre real estate investment trust listed in Asia on the Singapore Exchange; it principally invests, directly or indirectly, in a diversified portfolio of income-producing real estate assets used primarily for data centre purposes, as well as real estate and assets that support the digital economy. The REIT's portfolio comprises a mix of colocation, fully-fitted, and shell-and-core data centres, alongside debt securities; it features 25 properties strategically located in key data centre hubs across 14 cities in 10 countries in Asia Pacific and Europe, including Singapore, Japan, Australia, and Germany, with assets under management of approximately $5.7 billion. Keppel DC REIT targets hyperscale operators, colocation providers, and digital economy enablers as key customers; it is managed by Keppel DC REIT Management Pte. Ltd. and sponsored by Keppel Ltd., with headquarters at 1 HarbourFront Avenue, Level 2, Keppel Bay Tower, Singapore, following its establishment and listing on 12 December 2014. In recent developments, Keppel DC REIT agrees to acquire Tokyo Data Centre 3, a hyperscale facility in Inzai City, Greater Tokyo, for approximately S$707 million at a 1.1% discount to valuation, expected to complete by end-2025 and accretive to distribution per unit by 2.8% on a pro forma FY2024 basis; this expands its Japanese footprint, boosts portfolio occupancy to 95.9%, and extends weighted average lease expiry to 7.2 years while increasing exposure to leading global hyperscalers. Additionally, the REIT launches a non-renounceable preferential offering to raise S$404.5 million at S$2.24 per unit to partially fund the acquisition, asset enhancements at Keppel DC Singapore 8, and a 30-year land lease extension for Keppel DC Singapore 1; it earlier divests the Kelsterbach Data Centre in Frankfurt, Germany, in June 2025 to sharpen focus on hyperscale assets amid AI-driven demand.