Okay, let’s dive into this rollercoaster of data centers and dollars! So, picture this: Keppel DC REIT, which hit the Singapore Exchange like a comet back in 2014, decided it was time to spice things up. They’re basically Asia’s first-ever pure-play data center REIT. I mean, come on, that’s a fancy way of saying they’re super-focused on this techy real estate stuff that keeps the internet gods happy.
Now, let’s talk assets. These folks have their mitts on 25 data centers sprinkled across 10 countries from Asia Pacific all the way to the baguette-filled streets of Europe. And, as we stumble into the wild future of 2024, they’re juggling over a whopping S$5 billion in assets—yep, that’s a five-zero situation, people! Quite the leap from their early days, huh? Like, didn’t they just start not too long ago, and now they’re sitting at the cool kids’ table of Singaporean REITs?
Anyway, let’s cut to the chase: AGM 2025. I was there, soaking it all in, amidst a sea of suits and serious faces. Let me tell you, Keppel’s got this savvy, almost audacious way of managing their stuff. They’re like chess players, making moves and snatching opportunities like it’s no one’s business. Talk about staying on top of your game!
I realized, right there in that oh-so-serious room filled with coffee and shuffling papers, eight nuggets of goodness, of which I’m about to spill the beans of the first, at least. Drumroll, please! Their gross revenue decided to strut its stuff, shooting up by 10.3% to a breezy S$310.3 million in 2024. Oh, and the money from rent? A cool S$28.7 million more, taking it from S$277 million in 2023 to S$305.7 million. What magic was this, you ask? Well, you know how things go. They expanded those contracts and nailed some big-time renewals. Big applause for these smart cookies!
And as I’m sifting through this heady mix of numbers and impact, it’s clear they’re not just cruising—they’re setting the pace here. It’s like watching a tightrope act that just keeps getting bolder and more breathtaking. Anyway, enough of my rambling. There’s more, much more, but you’ll have to stick around for the rest of those tasty snippets. Check ya later!
