Keppel DC REIT

Keppel DC REIT

2.05
SGD
+0.01
(+0.49%)
4.15BMarket Cap
Jan 29Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.06
0.11
0.1
0.12
0.14
0.14
0.16
0.16
0.16
0.16
0.18
0.19
- -
Basic EPS, GAAP
0.04
0.11
0.05
0.06
0.11
0.07
0.1
0.19
0.13
0.07
0.17
0.19
- -
Free Cash Flow per Basic Share
0.04
0.06
0.08
0.1
0.08
0.1
0.14
0.11
0.13
0.12
0.13
0.11
- -
Dividend per Share
- -
0.03
0.06
0.06
0.06
0.09
0.06
0.11
0.08
0.1
0.09
0.09
0.05
Book Value per Share
0.83
0.88
0.92
0.93
1.03
1.13
1.17
1.32
1.38
1.32
1.52
1.71
1.15
Tangible Book Value per Share
0.83
0.88
0.92
0.93
1.03
1.12
1.17
1.32
1.38
1.32
1.52
1.71
1.15
Basic Weighted Avg Shares
929
913
945
1,169
1,299
1,441
1,659
1,689
1,745
1,727
1,759
2,287
1,516
Sales/Revenue/Turnover
55
102
99
139
176
195
266
271
277
281
310
441
- -
Operating Margin (%)
79.62
76.89
82.09
70.8
76.14
78.22
79.63
79.99
78.99
75.63
70.84
75.14
- -
Depreciation Expense
- -
- -
1
2
7
4
6
3
- -
- -
- -
- -
- -
Net Income, GAAP
33
104
51
65
142
107
168
314
231
119
301
428
- -
Effective Tax Rate (%)
10.1
5.07
11.69
9.43
3.32
10.18
10.91
8.32
11.69
11.3
7.87
8.05
- -
Profit Margin (%)
59.5
101.91
51.38
46.91
80.83
54.67
63.32
115.71
83.26
42.15
96.9
96.93
- -
Working Capital
51
40
303
125
33
172
71
42
18
61
61
191
154
LT Debt
323
338
464
576
573
880
1,044
1,136
1,300
1,408
1,628
2,077
1,000
Total Equity
773
813
1,074
1,117
1,476
1,903
1,982
2,336
2,457
2,354
3,427
4,230
1,949
Return on Invested Capital (%)
- -
6.53
5.23
5.44
6.6
5.44
6.27
5.83
5.1
4.85
4.5
5.17
- -
Return on Capital (%)
- -
10.08
4.53
4.5
7.8
4.59
5.87
9.33
6.7
4.44
7.69
7.93
- -
Return on Common Equity (%)
- -
13.17
5.4
6.03
11.2
6.43
8.82
14.8
9.81
5.02
10.58
11.35
- -

Capital Structure

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
ST Debt
16
40
77
LT Borrowings
712
832
1,000
LT Finance Leases
- -
48
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,511
1,658
1,659
Market Capitalization
2,841
3,395
4,148

Working Capital

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
Total Current Assets
434
280
294
Cash, Cash Equivalents & STI
347
156
205
Accounts Receivable, Net
84
44
74
Inventories
- -
- -
- -
Total Current Liabilities
79
108
140
Payables & Accruals
- -
- -
- -
ST Debt
16
40
77
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

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%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
281
2024
- -
- -
310
2025
- -
- -
441

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.07
2024
- -
- -
0.17
2025
- -
- -
0.19

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.1
2024
- -
- -
0.09
2025
- -
- -
0.09

Company Description

CEO
Hwee Long Loh
Full Time Employees
18
Sector
Finance
Industry
Real estate investment trusts
Address
1 HarbourFront Avenue Singapore CE Singapore 098632
IPO Date
Dec 12, 2014
Business
Keppel DC REIT Keppel DC REIT (AJBU.SI), the first pure-play data centre real estate investment trust listed in Asia on the Singapore Exchange in December 2014, 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; its investments comprise a mix of colocation, fully-fitted, shell and core assets, and debt securities across 25 data centres with approximately $5.0 billion in assets under management, strategically located in 14 cities across 10 countries in Asia Pacific, including Singapore (Keppel DC Singapore 1-8), Australia, China, Japan (Tokyo DC 1), and Malaysia, and Europe, including the United Kingdom, Ireland, Netherlands, and Germany; the REIT targets cloud service providers, enterprises, and financial institutions as key customers in high-demand data centre hubs driven by cloud adoption, AI, big data analytics, and 5G; headquartered in Singapore at 1 HarbourFront Avenue, #18-01 Keppel Bay Tower, it is managed by Keppel DC REIT Management Pte. Ltd. and sponsored by Keppel, a global asset manager with expertise in infrastructure, real estate, and connectivity. Keppel DC REIT reports robust financial performance, with gross revenue growing 10.3% to $310.3 million and net profit surging over 100% in FY2024 ended December 31, 2024, supported by rental escalations and strategic portfolio expansion; recent acquisitions within the last year include Tokyo Data Centre 1 in West Tokyo for JPY 23.4 billion (S$201.0-209.2 million) completed July 31, 2024, two AI-ready hyperscale data centres Keppel DC Singapore 7 and 8 at Keppel Data Centre Campus for S$1.38-1.4 billion announced November 2024 from a related joint venture, and a hyperscale data centre in Inzai City, Greater Tokyo, announced September 2025 forecasted to boost assets under management to S$5.7 billion and extend weighted average lease expiry to 7.2 years; the REIT launched a preferential offering in September-October 2025 raising gross proceeds of S$404.5 million, obtained new loan facilities and green bonds, divested Kelsterbach Data Centre in Frankfurt, Germany, for EUR 50.0 million in February-March 2025 and Basis Bay Data Centre in Cyberjaya, Malaysia, introduced a Green Financing Framework in February 2025 to support sustainable growth, and earned accolades including the Singapore Corporate Governance Award in November 2025 and Best Investor Relations (Silver) at the Singapore Corporate Awards in September 2025.

Company News

  • Vornado Realty Trust (NYSE:VNO) vs. Keppel DC REIT (OTCMKTS:KPDCF) Financial Comparison