bullish

Initiating Coverage: Digital Core REIT

98 Views19 Jul 2024 00:00
Exchange-sponsored
SUMMARY
  • 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.
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  • Initiating Coverage: Digital Core REIT
    19 Jul 2024
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