- SG listed REIT vehicle under the US-Listed Global Data Centre Digital Realty
- 10 Portfolio of diversified data centres
- Freehold properties
- Triple-net lease with 1-3% rental escalation
- Weighted average lease expiry of 5.5 years (based on annualized rent as of 31 Mar 2022)
- Low gearing of 26%
- Weighted average debt maturity of 4.7 years
Digital Core REIT (SGX: DCRU) has undergone a pretty rough patch in the past few months.
Since hitting the peak back in March at a price of $1.16, the share price has gone one way down languishing below the IPO price at $0.77.
This means everyone who’s bought into this REIT are staring at a loss, including those who bought them during the IPO (myself included).
Is this the right time to accumulate or is it time to sell and run away from this REIT?
Let’s first take a step back and remind ourselves what we as investors have got into with this REIT.
This is a REIT that is:
