SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<ul><li>AIMS APAC REIT led the iEdge S-REIT index with a 10.3% total return, 2.2% revenue growth, and 5.7% net property income growth in FY26.</li><li>Retail investors were net buyers of S$1 billion in S-REITs, while institutional investors were net sellers of a similar amount.</li><li>CAREIT attracted institutional interest, with Cohen & Steers increasing its stake, and added 3,112 beds through acquisitions and expansions.</li></ul>

AIMS APAC REIT led the iEdge S-REIT index with a 10.3% total return, 2.2% revenue growth, and 5.7% net property income growth in FY26.Retail investors were net buyers of S$1 billion in S-REITs, while institutional investors were net sellers of a similar amount.CAREIT attracted institutional interest, with Cohen & Steers increasing its stake, and added 3,112 beds through acquisitions and expansions.

REIT Watch - S-REITs maintain pockets of resilience despite headwinds in H1

Private Wealth Management and Asset Management., FPA Financial

FPA Financial

Private Wealth Management and Asset Management.

FPA Financial is an independent and boutique financial firm specializing in private wealth management and asset management.

<ul>
<li>Digital Core REIT (“DCREIT”) is a Singapore real estate investment trust that invests in a diversified portfolio of stabilised income-producing real estate assets located globally which are primarily used for data centre purposes, as well as assets necessary to support the digital economy.</li>
<li>DCREIT owns a portfolio of freehold facilities that support the underlying businesses of leading technology service providers. As at 31 December 2024, DCREIT’s portfolio was valued at US$1.6 billion (at share) and comprised 10 data centres located in the United States, Canada, Germany and Japan.</li>
<li>DCREIT also acquired a 20.0% interest in an Osaka data centre (located on the same campus but separate from the one held by Digital Osaka 2) in March 2025.</li>
</ul>


Digital Core REIT (“DCREIT”) is a Singapore real estate investment trust that invests in a diversified portfolio of stabilised income-producing real estate assets located globally which are primarily used for data centre purposes, as well as assets necessary to support the digital economy.
DCREIT owns a portfolio of freehold facilities that support the underlying businesses of leading technology service providers. As at 31 December 2024, DCREIT’s portfolio was valued at US$1.6 billion (at share) and comprised 10 data centres located in the United States, Canada, Germany and Japan.
DCREIT also acquired a 20.0% interest in an Osaka data centre (located on the same campus but separate from the one held by Digital Osaka 2) in March 2025.


<ul><li>Digital Core REIT (“DCREIT”) is a Singapore real estate investment trust that invests in a diversified portfolio of stabilised income-producing real estate assets located globally which are primarily used for data center purposes, as well as assets necessary to support the digital economy.</li><li>DCREIT owns a portfolio of freehold facilities that support the underlying businesses of leading technology service providers. As at 22 April 2024, DCREIT’s portfolio was valued at US$1.4 billion and comprised 10 data centers located in the United States, Canada, Germany, and Japan.</li><li>For the year ended 31 December 2023 (FY2023), gross revenue fell by 4.8% from US$107.7 million in FY2022 to US$102.6 million in FY2023.</li></ul>

Digital Core REIT (“DCREIT”) is a Singapore real estate investment trust that invests in a diversified portfolio of stabilised income-producing real estate assets located globally which are primarily used for data center purposes, as well as assets necessary to support the digital economy.DCREIT owns a portfolio of freehold facilities that support the underlying businesses of leading technology service providers. As at 22 April 2024, DCREIT’s portfolio was valued at US$1.4 billion and comprised 10 data centers located in the United States, Canada, Germany, and Japan.For the year ended 31 December 2023 (FY2023), gross revenue fell by 4.8% from US$107.7 million in FY2022 to US$102.6 million in FY2023.

Singapore

Digital Core REIT is a Singapore-based real estate investment trust (S-REIT) that invests in a diversified portfolio of income-producing data center assets globally. It provides critical digital infrastructure, including buildings, power, cooling, and physical security, to cloud, internet, and enterprise customers. The company is headquartered in Singapore and was founded in 2021.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Digital Core REIT (DCREIT SP)

REIT Watch - S-REITs maintain pockets of resilience despite headwinds in H1

AIMS APAC REIT led the iEdge S-REIT index with a 10.3% total return, 2.2% revenue growth, and 5.7% net property income growth in FY26. Retail...

Singapore Exchange Ltd (SGX)

Company Update: Digital Core REIT

Digital Core REIT (“DCREIT”) is a Singapore real estate investment trust that invests in a diversified portfolio of stabilised income-producing...

FPA Financial

Initiating Coverage: Digital Core REIT

Digital Core REIT (“DCREIT”) is a Singapore real estate investment trust that invests in a diversified portfolio of stabilised income-producing...

FPA Financial

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)