#2 Digicore REIT USD

Digicore REIT currently has an upside potential of 67.8% based on the average of 6 analysts. Digicore is a real estate investment trust which invests in data centres-related assets globally. It currently has USD1.6 billion of assets under management consisting of 11 data centres in U.S., Canada, and Germany, with 98% of its spaces occupied. As Digicore was just listed in 2021, only financial numbers for full year 2022 were available. Digicore ‘s revenue came in at USD115 million and it registered a net profit of USD7 million. Similar to ManuLife, Digicore ‘s properties’ value declined by USD29 million over the year due to the Fed’s interest rate hikes but these losses were only on paper. From its operating cash flows, Dcore generated USD78 million in cash. In terms of valuation, Digicore is currently trading at a lower price-to-book ratio of 0.54 times compared...