Shares & Derivatives
Digital Core REIT IPO Review: Why I am subscribing for this 4.75% yield REIT IPO of the year
By Financial Horse  •  November 27, 2021
I usually try to wait until the final prospectus for an IPO is out before I write on it. But then I saw rave reviews from the other financial bloggers, and very excited comments from readers who reached out. So I decided to make an exception this time around. And boy, was I blown away. 5 minutes of reading the preliminary prospectus for Digital Core REIT and it was already clear this was going to be “THE REIT IPO of the year”. Spoilers alert – Digital Core REIT comes with:
  • Rock solid sponsor
  • Hot asset class (data centres)
  • Good valuations (both yield and Price/Book)
  • Triple net lease with built in rental escalations
  • Blue chip tenants with 100% occupancy
  • Low gearing (27%)
And a list of cornerstone investors that reads like the who’s who in fund management. There are a couple of unique points about Digital Core REIT worth discussing though, namely the potential conflict with the Sponsor....
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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