Masayuki Ozaki spent nearly two decades analysing and investing in REITs from the buyside before joining the Manager of NTT DC REIT as CFO. A year after listing, he explains how a business built on data centre power capacity has delivered so far, and where its next phase of growth could come from. For nearly two decades, Masayuki Ozaki was a public equities investor at firms ranging from long-only generalist to dedicated property fund to pension fund, covering Asia-Pacific real estate and REIT markets. He has invested in the Singapore REIT market since 2013. For most of his career, he was evaluating REITs from the outside with an investor lens. In January 2025, he crossed over, joining NTT Limited to help take its data centre portfolio public. After NTT DC REIT’s listing, he was appointed Chief Financial Officer of its Manager. “I like to think that I have a broad perspective on what different investor types will look at,” he shares...