With its US$990 million ($1.33 billion) IPO last December heavily subscribed, Digital Core REIT (DC REIT) was also one of the better-performing new issues for 2021, ending the year at 32% above its IPO price of US$0.88 ($1.18). It closed on Jan 24 at US$1.18.
Investors like DC REIT for its profile as a REIT for data centres, which are characterised by long leases and blue-chip tenants with big names in the tech industry and underpinned by long-term growth in demand. In addition, its sponsor, Digital Realty Trust, a leading data centre player, has not just the bulk in terms of its existing pipeline and portfolio, but also access to cutting-edge and environmentally-friendly processes.
To continue reading,
Sign in to access this Premium article.
Subscription entitlements:

Less than $9 per month

3 Simultaneous logins across all devices

Unlimited access to latest and premium articles

Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories
- Digital Core REIT anounces Linton Hall lease-up
- Digital Core REIT’s distributable income up 1.9% y-o-y to US$35.2 mil in 9MFY2025
- No silver bullet, but silver linings exist in data centre financing

