There’s likely another pure-play data centre real estate investment trust (REIT) that will be listed in Singapore, joining Keppel DC REIT (SGX: AJBU) on the local stock market.

Digital Core REIT, as the REIT will be called, has filed its preliminary prospectus with the Monetary Authority of Singapore.

Here’s what we know about Digital Core REIT’s potential initial public offering (IPO) so far.

TL;DR: Digital Core REIT’s IPO Deets

Here are some details about Digital Core REIT from its preliminary prospectus:

  • Digital Core REIT’s IPO portfolio contains 10 freehold data centres located within top-tier markets of the US and Canada, and the properties are fully leased to blue-chip clients.
  • The lease agreements of its properties have annual cash rental rate escalations of between 1% and 3%.
  • Digital Core REIT is expected to have a gearing ratio of around 27%, below its listed peers in Singapore.
  • At its indicative IPO price of US$0.88, Digital Core REIT’s distribution yield is estimated to be 4.75% for the year ending