Digital Core REIT

Keppel DC Reit trades at a PE of 2236 while Digital Core Reit trades at an implied PE of 28 upon IPO. This will be the second pure-play data centre REIT to be listed on the Singapore.

Digital Core Reit Ipo Review Why I Am Subscribing For This 4 75 Yield Reit Ipo Of The Year Financial Horse

On that note Digital Core REITs prospectus has mentioned that its distributions will be made on a semi-annual basis.

. DLR released its Preliminary Prospectus announcing its intention to raise gross proceeds of 977m USD through the initial public offering IPO on the Singapore Exchange SGX of a newly created Singapore REIT S-REIT focused on data centers called Digital Core REITIncorporating drawn debt Digital Core REIT will have an enterprise. Digital Core REIT Well Supported by Cornerstone Investors. The assets that make up the IPO portfolio are core to the Sponsors investment strategy and would continue to hold a 10 direct ownership stake in the Digital Core REIT properties. Digital Core REITs Top 10 Tenants.

Digital Core REIT is expected to have an aggregate leverage of 27 per cent as at the listing date -significantly lower than its peers - giving it a debt headroom of up to US596 million. The REITs distribution policy is to distribute 100 of its annual distributable income from its listing date to the end of projection year 2023. REITs are well-known to be able to dish out distributions to unitholders regularly. There are currently only two US corporations with a AAA credit rating namely Microsoft and JohnsonJohnson of which only one of them is a software company.

The REIT will have an initial portfolio of 10 data centres located in both the US and Canada worth around US14 billion. Digital Core Reit IPO intends to raise total gross proceeds of US 977 million. Basically a data centre REIT sponsored by Digital Realty a US listed REIT. Market ISIN Code.

Posted by zzxbzz at 0625. The 2 nd biggest is likely. Digital Core REITs Distribution Details. US 088 S 121 Offering Units.

Digital Core Reit is the only pure-play data centre Singapore Reit with 10 data centres located in key. Digital Core REIT will be the exclusive S-REIT vehicle sponsored by Digital Realty the largest. Points to exercise caution before diving into this IPO. As the sponsor they will own 39 interest in Digital Core REIT through Digital CR Singapore Holding LLC.

Their top 10 customers are extremely high in quality. Cornerstone investors or the larger institutional investors will take up 608 of the total IPO size. DIGITAL CORE REIT DCRUSI is scheduled to commence trading on 2021-12-06. Being a highly defensive asset class it is hard to achieve meaningful and organic growth without acquisitions.

Digital Realty NYSE. Digital Core REIT or DCR is a pure-play data centre REIT offering a total of 267 million units at US088 per unit to raise total gross proceeds of US977 million. In light of certain positives that has been pointed out by others this to me looks like a really bad deal. The offering price per unit will be at USD 088 per unit.

SGX Mainboard SGXC50067435. The IPO price is 88 US cents and the forecast distribution per unit DPU in FY2022 is 418 US cents giving a DPU yield of 475. A placement of 2537 million u. You read that right.

Digital Core Reit to raise US977m in IPO selling units at US088 each PURE play data centre real estate investment trust Reit Digital Core Reit intends to raise total gross proceeds of US977 million from its initial public offering IPO on the Singapore Exchange including the issuance of the sponsor units cornerstone units and parent US Reit preference. On that note Digital Core REITs preliminary prospectus has mentioned that its distributions will be made on a semi-annual basis. I was really hyped for this IPO but i guess i will be avoiding it after all. Digital Core REIT Management Pte.

A REIT sponsored by a REIT. Digital Core REIT is a Singapore REIT established with the principal investment strategy of investing directly or indirectly in a diversified portfolio of stabilised income-producing real estate assets located globally which are used primarily for data centre purposes as well as assets necessary to support the digital economy. Lets summarize the IPO prospectus info as per the previous IPO posts. As such having such a huge.

Other than the key risk mentioned in the article concentration risk in each asset Digital Core REIT seems to be a strong competitor against Keppel DC REIT in the data centre space. DIGITAL CORE REIT DCRUSI. DC REIT has disclosed that their biggest customer has a AAA credit rating. Among the offering of 267034000 units 13352000 units are up for public subscription at US088 per unit or S121 per unit.

Less than a week after Daiwa House Logistics Trust was listed there is another REIT - Digital Core REIT DCR lodged its IPO prospectus. Digital Realty plans to co-invest in Digital Cores future assets by taking a 10 stake. Despite the positive traits. Digital Core REIT seeks to create long-term sustainable value for all stakeholders through ownership and operation of a stabilized and diversified portfolio of mission-critical data center facilities concentrated in select global markets the company said in the prospectus.

Share to Twitter Share to Facebook Share to. 267034 million Indicative Dividend Yield. REITs are well-known to be able to dish out distributions to unitholders regularly. Digital Core REITs Distribution Details.

Digital Core REIT offers an attractive distribution yield of 475 for Forecast Year 2022 and 500 for Project Year 2023 with a superior total return of 1001 with nearly 100 of Base Rental Income for Forecast Year 2022 and Projection Year 2023 derived from existing contractual leases. Applications for the Singapore public tranche of Digital Core REITs initial public offering IPO opens on 29 November at 9 pm. Nov 29 2021 Digital Core REIT. Digital Core REIT sponsored by US-listed Digital Realty Trust is set to raise 600 million in an initial public offering IPO in Singapore the largest listing in the city-state this year.

Digital Core REIT DCR is raising US600 million with cornerstone investors taking up 4148 million units or US365 million. The IPO has been priced in the local currency at SGD121 per unit based on the exchange rate of USD100 to SGD1375 as determined by Digital Core REITs manager. Digital Core REIT will be the exclusive S-REIT vehicle sponsored by Digital Realty the largest global provider of cloud- and carrier-neutral data centre colocation and interconnection solutions. Digital Realty as the Sponsor will be the largest unitholder of Digital Core REIT with a US390 million or approximately 39 ownership stake as at the listing date.

0 0. Real Estate Equity Real Estate Investment Trusts REITs Specialized REITs. Digital Core REIT DCR is raising around US600 million with cornerstone investors taking up 41478 million units or US365 million a placement of 25368 million units and 1335 million units available for retail investors. The REIT can decide.

This has some interesting implications. Digital Core REIT sponsored by US-listed Digital Realty Trust is set to raise 600 million in an initial public offering IPO in Singapore the largest listing in the city-state this year the company said in its prospectus on Monday. Share Price as of. Digital Core REIT Wins.

Sector Industry Sub-Industry. Dear readers Digital Core Reit IPO is now open for subscription. This means room for taking on cheaper financing from bank borrowings to get a higher return for unit-holders. The REITs distribution policy is to distribute 100 of its annual distributable income from its listing date to the end of.

Digital Core Reit Ipo New Pure Play Data Centre In Sg With 4 75 Yield