Digital Core Reit to IPO in Singapore

News about Digital Core REIT

Digital Realty, a trust invested in data centres and listed in the US, will IPO a new data centre trust on the Singapore market. Digital Core Reit will comprise 10 freehold properties and offer over 267 million units at US$0.88.

The trust portfolio, located in the USA and Canada, has a WALE of 6.2 years and 100% occupancy. A leverage of 27% will offer room for debt-funded acquisitions.

Digital Core REIT
Price0.710 USD
NAV0.850 USD
Yield (2 quarters)5.80%
Gearing25.7%