Gds Holdings Limited Stock Price, News & Analysis

GDS Holdings (NASDAQ: GDS; HKEX: 9698) has announced a groundbreaking asset monetization deal through the sale of data center assets to a private REIT (P-REIT) in China. The company will sell a 100% equity interest in certain data center project companies at an enterprise value of RMB 2.9 billion, with an EV/EBITDA multiple of 13x.

The transaction structure involves an Asset Backed Security (ABS) that will be listed on the Shanghai Stock Exchange. China Life Insurance Company leads a group of institutional investors acquiring 70% of the ABS, while GDS retains 30% ownership and continues operating the data centers. The total equity consideration is RMB 1.7 billion, with GDS receiving net cash proceeds of RMB 500 million at closing and approximately RMB 700 million upon meeting certain data center ramp-up milestones.

The deal will result in the deconsolidation of data center project companies, including RMB 1.2 billion in existing debt and other net liabilities. The P-REIT structure is designed to potentially transition into a public REIT (C-REIT) when qualified.

GDS Holdings (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, has scheduled the release of its fourth quarter and full year 2024 unaudited financial results. The announcement will be made after the Hong Kong market closes and before the U.S. market opens on March 19, 2025.

The company will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Hong Kong Time) on the same day. Participants must register online at least 15 minutes before the start time to receive access information, including dial-in numbers and a personal PIN. A live and archived webcast will be available on the company's investor relations website.

GDS Holdings reported Q3 2024 financial results with net revenue increasing 17.7% Y-o-Y to RMB2,965.7 million. The company reduced its net loss to RMB231.1 million from RMB420.8 million in Q3 2023. Adjusted EBITDA grew 15.0% Y-o-Y to RMB1,295.7 million, with a margin of 43.7%. Operating highlights include a 20.2% Y-o-Y increase in total area committed to 785,692 sqm and area utilized growing 20.9% Y-o-Y to 481,819 sqm. The company secured a US$1 billion equity raise for its international expansion through GDSI.

GDS Holdings, a leading developer and operator of high-performance data centers in China and South East Asia, has announced it will release its third quarter 2024 unaudited financial results on November 19, 2024. The results will be published after the Hong Kong market closes and before the U.S. market opens. The company will host an earnings conference call at 8:00 AM U.S. Eastern Time (9:00 PM Hong Kong Time) on the same day. Participants must register online at least 15 minutes before the call to receive access information.

GDS Holdings announced that its international affiliate, DigitalLand Holdings (GDSI), has secured a US$1.0 billion Series B convertible preferred shares investment, led by Coatue Management with significant participation from The Baupost Group. GDSI's portfolio includes 480 MW of data center capacity in service and under construction, plus 590 MW for future development across Hong Kong, Singapore, Malaysia, Indonesia, and Japan. Post-closing, GDS Holdings will own approximately 37.6% of GDSI's equity interest, valued at about US$1.3 billion. GDS Holdings will no longer consolidate GDSI for accounting purposes or maintain majority board appointment rights.

GDS Holdings, a leading data center operator in China and South East Asia, has released its 2023 ESG report. Key highlights include:

• Achieved 38% renewable energy usage in 2023
• 41 data centers now certified as green
• Reduced carbon intensity to 1,221 tCO2e/mil. USD
• Joined the Science Based Targets initiative (SBTi) to align with global climate goals

GDS aims for carbon neutrality by 2030. CEO William Huang emphasized the company's commitment to becoming a green intelligent infrastructure platform, integrating sustainability into core operations and corporate governance. This strategy is expected to drive long-term growth and industry leadership.

GDS Holdings (NASDAQ: GDS; HKEX: 9698), a leading data center developer in China and South East Asia, reported its Q2 2024 financial results. Net revenue rose by 14.3% Y-o-Y to RMB2,826.4 million (US$388.9 million), driven by ongoing business growth.

Adjusted EBITDA increased by 6.2% Y-o-Y to RMB1,312.2 million (US$180.6 million) with a margin of 46.4%. However, the company reported a net loss of RMB231.8 million (US$31.9 million).

Operationally, the total committed and pre-committed area increased by 18.7% Y-o-Y to 756,992 sqm. International business saw significant growth with a 690.2% increase in net revenue to RMB255.5 million (US$35.2 million).

The commitment rate for the area in service was stable at 92.5%, while the area under construction grew to 226,272 sqm. The company maintains its revenue guidance for 2024 at RMB11,340 – RMB11,760 million.

GDS Holdings (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China and South East Asia, has announced it will release its second quarter 2024 unaudited financial results on August 21, 2024. The results will be published after the Hong Kong market closes and before the U.S. market opens. Following the release, the company will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Hong Kong Time) on the same day.

Participants are required to register online at least 15 minutes before the call starts to receive access information. A live and archived webcast of the conference call will also be available on the company's investor relations website.

GDS Holdings announced the results of its Annual General Meeting held on June 27, 2024. All resolutions proposed were approved by shareholders.

The resolutions included the re-election of three directors: Mr. Lim Ah Doo, Mr. Chang Sun, and Ms. Judy Qing Ye. Additionally, KPMG Huazhen LLP was confirmed as the independent auditor for the fiscal year ending December 31, 2024.

Shareholders also authorized the Board of Directors to issue equity or equity-linked securities up to 30% of the existing share capital within 12 months from the AGM date. Lastly, directors and officers were authorized to execute necessary actions to implement these resolutions.