Digital Core REIT shares soared 40% from its bottom this year. Would I buy this 8.6% dividend yield Singapore REIT today?
The market was just delighted with this Singapore REIT – Digital Core REIT.
Last week, its shares jumped 12% in one day… Wow.
Market chatter was because DBS released a positive report that many companies are seeking to buy out Digital Core REIT’s recently defaulted tenant – Cyxtera.
Seems like good news, right?
At current prices of US$0.50, Digital Core REIT shares trade at 8.6% dividend yield. And still trading at a bargain 40% discount to its book value.
Looking at things from afar, It’s remarkable how could easily flip on its head about share prices.
Disclaimer — I personally own a position in Digital Core REIT.
Is it time to buy this Singapore REIT?
Well, let’s dive in.
Why do Digital Core REIT shares keep dropping?
Digital Core REIT is a “pure-play” data-centre REIT (what you need to know about the Singapore REIT).
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