Keppel DC Reit Manager States Johor Data Centres And US Export Ban Have No Significant Impact

The real estate investment trust witnessed a 13.2% increase in its H2 DPU, which reached S$0.04902.

On Friday (Jan 24), the manager of Keppel DC Reit stated that new data centres in Johor, Malaysia, along with the US chip export ban, aren't likely to significantly impact Keppel DC Reit : AJBU +0.45%.

During the 2024 fourth - quarter earnings call, the manager mentioned that the workloads in Johor differ from those in Singapore. The data centres in Johor focus more on artificial intelligence (AI) inference work instead of training. Singapore and Johor are aiming at distinct market segments, which benefits the overall ecosystem.

Loh Hwee Long, the chief executive of Keppel DC Reit Management, said, “These high - value AI compute tasks will continue to be based in Singapore due to our robust connectivity, business - friendly environment, and stability.”

The manager reported a distribution per unit (DPU) of S$0.04902 for the second half concluding in December. This represented a 13.2% increase compared to the S$0.04332 in the same period of the previous year.

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