This post is a continuation of the journey down the rabbit hole from my previous post. Again in this post, I strive to present the data as it is. I leave it for you, to form your own judgment.
A brief recap of the unfortunate events that occurred to the Reit post-IPO.
Digital Core Reit, the only pure-play data centre Singapore Reit sponsored by a global pure-play listed data centre owner and operator, Digital Realty was listed on SGX on 6 Dec 2021.
As stated prior to the IPO (read here), Digital Core REIT’s customers consist of cloud service providers, colocation & interconnection providers, social media companies, and IT service providers. Particularly, as measured by base rental income, sector contributions are cloud (50.0%), colocation providers (23.9%), social media (18.5%), IT services (7.4%), and connectivity (0.3%).
Overall, Digital Core REIT’s portfolio comprises of 12 unique customers. However, the REIT’s top 6 customers contribute 99.9% of the portfolio’s base rental income. The prospectus disclosed the top six...