Alright, let’s dive into this tangled mess called KDC’s 1Q 2025. Imagine I’m sitting next to you in some gritty coffee shop, rambling on about data centers. Buckle up.
Basic Musings & Haphazard Stats
So they say there are these mystical "Key Indicators." Whatever that means. But KDC claims they nailed it this quarter. They tossed around terms like "Gross Revenue" and "NPI" — yawn, right? But hold up, even finance income and distributables did some cool juggling.
What stirred the pot? They snagged Keppel DC Singapore 7 & 8 and some Tokyo Data Centre 1, apparently in 2024. No magic here, just numbers and pencil pushers doing their thing. Meanwhile, rental escalations did their stand-up comedy act, climbing higher. And Aussie Data Centre Notes?! Uhh, finance wizards waving their wands or something.
BUT. Cue dramatic music. They flogged off Intellicentre Campus and had some sort of ugly fight — they call it a "dispute settlement" in 2024. Wonder if lawyers had fun with that? Interest rates took a bow, meaning fewer pockets got pilfered by loan overlords.
Rental Vibes & Selling Sprees
Reversions and divestments — sounds like a band name, right? Anyway, KDC claimed a 7% rental reversion in the first quarter of 2025. Yes, go them? They finessed the sale of Kelsterbach in Germany by March 2025 and set their eyes on pawning off Basis Bay in Malaysia by 3Q. Somebody grab the popcorn.
Hokey Shares & Related Gossip
Now, shares. Who’s holding what? You’d think sharing is caring but not here. REIT Sponsor’s holding? Not winning any popularity contests. The REIT Manager’s sharehold wavers too. Is anyone truly happy in the corporate shuffle?
So there you have it, the mad chaos, the twists, and turns of KDC’s hodgepodge first quarter. Underneath the corporate gloss, it’s just a story of deals, loans, and gearing up to be the cool kid in data centers. Or not. Who even knows?
