In today’s briefing:
- NTT DC REIT IPO: The Investment Case
NTT DC REIT IPO: The Investment Case
- NTT DC REIT (NTTDCR SP) is the exclusive S-REIT vehicle sponsored by NTT Group. It has launched an SGX IPO to raise proceeds up to US$864 million.
- The IPO portfolio comprises six data centres – three located in California, one in Virginia, one in Vienna, and one in Singapore.
- NTT DC REIT offers an attractive value proposition, comprising a blue-chip tenant base, a staggered lease expiry profile, a robust growth pipeline, and sizable debt headroom.
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