Keppel DC REIT (OTCPK:KPDCF)

Full Year 2025 Keppel DC REIT Earnings Call Transcript

Jan 29, 2026 / 02:00 AM GMT

Release Date Price: $1.68 (+1.21%)

Transcript

Key Points

Positve

Keppel DC REIT (KPDCF) achieved a record distribution per unit of $10.3, up 9.8% year-on-year, marking the highest since its listing in 2014.
Distributable income rose by 55.2% year-on-year to $268.1 million, driven by accretive acquisitions and strong portfolio performance.
Assets under management increased to approximately $6.3 billion SGD, supported by acquisitions and higher valuations.
The cost of debt improved to 3% as of December 31, 2025, with an interest coverage ratio of 7.5 times.
Keppel DC REIT (KPDCF) was included in the Straits Times Index and received awards in Singapore and Ireland, reinforcing its strong growth momentum.

Negative

The absence of income from the divestment of certain data centers and a one-off dispute settlement sum received in 2024 partially offset financial performance.
Portfolio reversion for the fourth quarter of 2025 was only around 2%, indicating smaller scale and shorter tenure renewal contracts.
The lease for GV7 data center is not being renewed, requiring efforts to re-lease the space and potentially reposition or enhance the asset.
A 16% valuation decline was noted in China, attributed to changes in valuation assumptions and market conditions.
The divestment of Netco bonds and preference shares is expected to result in a significant drop in income.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KEPE.SI - Keppel DC REIT
Full Year 2025 Keppel DC REIT Earnings Call
Jan 30, 2026 / 02:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and thank you for dialing into DC leads second half and full year 2025 results back.

I'm Renee from the investor relations team. Let me introduce the management team on the call. We have CEO Mr. Low Hui Long and CFO Mr. Adam Lee and Head of Portfolio Management Ms Sarm Ti.

We will start with an overview of our financial and operational performance, followed by the questions and answer session.

Finally, on teams, please keep your mics muted throughout the presentation. I'll now hand the time to.

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Unidentified_2 [2]
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