2017年4月10日星期一

專門投資Data Centre的Keppel DC Reits



筆者發現這隻新加坡上市的Keppel DC Reits (AJBU)幾特別,是亞太區第一隻專注投資於Data Centre(數據中心)的房地產投資信託基金。它的領域包括主機託管,設施齊全的周邊和核心裝置。公司13個data centre均位中心樞紐。如Gore Hill Data Centre,S25;T25;Citadel100 Data Centre;iseek Data Centre;GV7 Data Centre,Basis Bay和Almere Data Centre。資產主要位於澳洲,英國,德國,意大利,馬來西亞,新加坡和愛爾蘭。
作為分散行業及地域風險,除了主流的商場、寫字樓、酒店、工業,物流、醫療reits外,數據中心也算是擁有穩定收益的選擇!現息率約5%,預計息率6.1%。現價SGD$1.22

詳細資料請參閱Keppel公司網址連結

以下是OCBC的研究報告:
OCBC Investment Research has reiterated a ‘Buy’ rating on Singapore-listed Keppel DC REIT, citing growth potential in the demand for data centre properties.
This demand is underpinned by expected increases in data creation, and outsourcing, said the bank in an investment report on 3 April.
Citing figures from information consulting company BroadGroup, OCBC noted that this demand is expected to grow at a compound annual growth rate (CAGR) of between 4.7% to 14.7% in key cities that Keppel DC REIT is exposed to from 2016 to 2021.
In addition, OCBC also looks upon favourable on Keppel DC REIT’s weighted average lease expiry (WALE) of 6.9 years, making it one of the most defensive REITs in Singapore, the firm opined.
“Based on our forecasts, [Keppel DC REIT] is offering distribution yields of 6.1% and 6.3% for FY17F and FY18F, which is attractive relative to its peers’ Bloomberg consensus average yield of 3.8% and 4.1%, respectively”, said OCBC.
The bank has maintained a fair value estimate of SGD1.39 on the data centre REIT.

9 則留言:

  1. 謝天路客兄分享。AJBU的確穩定,與其他集中新加坡資產的Reits相比息率較低,這也是分散地域分險的代價。

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    1. 風兄,同意,這是防守性強的reits

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    2. Good to know about this. Also, Gearing ratio is less than 30% and should be very safe. It said in their website that they do hedging on interest rate & foreign exchange risks. I wonder what will be their policy on this and hope they don't over-hedge like Cathay Pacific.

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    3. Gitana:Flucation of interest rate and foreign exchange would not be so great as oil, so the risk is far less than that of Cathay Pacific

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  2. 天路客兄,好奇问问,你是否IT人。

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    1. Miko:上上網,寫寫blog,間中網購吓,應該不算IT人吧。

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  3. 明白,事关我见你的選擇,好多都IT related. 我正想找一只DC的 REITS, 呢种高科技收租佬,系好嘢黎。

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    1. Agreed.租客一旦落戶就生根用很多年,relocation cost很昂貴,所以不容易因為隔離平租少少就搬走。WALE 是6.8年相對其它如商場,工業,物流等較長。這也是優點之一。

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