Keppel DC Snaps Two Chinese Data Centres

News about Keppel DC REIT

Keppel DC REIT is purchasing two data centres in Guangdong, China, for RMB 1,380.6 million (about S$297.1 million):

The acquisitions are expected to be accretive to Keppel DC REIT's distribution per Unit. Post acquisitions, Keppel DC REIT's portfolio occupancy rate will increase from 98.7% as at 31 March 2022 to 98.9% and weighted average lease expiry will increase from 7.7 years as at 31 March 2022 to 8.8 years.

Funding for the acquisition is yet to be determined.

Keppel DC REIT
Price1.780 SGD
NAV1.330 SGD
Yield (4 quarters)3.84%