Source: Digital Core REIT Prospectus The local bourse is enjoying a breath of fresh air in the form of new IPOs. Hot on the heels of last week’s IPO of Daiwa House Logistics Trust (SGX: DHLU) comes Singapore’s second REIT IPO this year. Digital Core REIT, or DCR, is a pure-play data centre REIT offering a total of 267 million units at US$0.88 per unit to raise total gross proceeds of US$977 million. The REIT will have an initial portfolio of 10 data centres located in both the US and Canada worth around US$1.4 billion. This will be the second pure-play data centre REIT to be listed on the Singapore Exchange after Keppel DC REIT (SGX: AJBU). The sponsor for the REIT is Digital Realty Trust (NYSE: DLR), or DRT, which is itself a REIT and the largest owner, operator and developer of data centres worldwide. DCR offers an enticing distribution yield of 4.75% for its forecast year 2022 ended 31 December 2022.  ...