Investor Presentaiton
1H 2021 Key Highlights
Strengthen
Income Stream
Strong Leasing Momentum
0.8%¹
Proactive leasing efforts saw new, renewal and expansion
leases secured with clients. Including the latest renewal
lease signed in July 2021, only 0.8% of leases¹ are expiring
for the remainder of the year.
High Portfolio Occupancy
98.0%2
as at 30 Jun 2021.
Long Portfolio WALE
6.5 years
by leased area.
3,4
Sustainable
Growth
Stable Distributable Income
$84.3m
for 1H 2021, which was 12.4% higher y-o-y
compared to 1H 2020, due mainly to contributions
from accretive acquisitions and completion of
asset enhancement initiative works.
Continued DPU growth
4.924 cents
for 1H 2021, which was 12.5% above 1H 2020's
DPU.
Annualised DPU yield
3.96%
based on the market closing price of $2.490
per Unit at 30 Jun 2021.
Financial Flexibility
Aggregate Leverage5
36.7%
as at 30 Jun 2021, providing comfortable
debt headroom to pursue growth.
High Interest Coverage
12.9 times
as at 30 Jun 2021.
Average Cost of Debt
1.5%
as at 30 Jun 2021.
Keppel DC REIT
1. By leased area, and 1.6% by rental income. As at 30 Jun 2021, leases expiring for the remainder of the year was 1.7% by leased area and 7.6% by rental income.
2. Post-acquisition of Guangdong Data Centre and assuming the acquisition was completed on 30 Jun 2021, portfolio occupancy would be 98.2%.
3. WALE by rental income was 4.9 years as a higher proportion of rental income is from colocation assets, which typically have shorter lease periods.
4. Post-acquisition of Guangdong Data Centre and assuming the acquisition was completed on 30 Jun 2021, WALE would be 7.3 years by leased area and 5.3 years by rental income.
5. Aggregate leverage was computed based on gross borrowings and deferred payment as a percentage of the deposited properties, both of which do not take into consideration the
lease liabilities pertaining to land rent commitments and options.
6. Including amortisation of upfront debt financing costs and excluding lease charges.
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