Digital Core REIT's 2027 Distribution Per Unit Growth Could be Among Sector Highest
Dow Jones
Sep 29
0534 GMT - Digital Core REIT's 2027 distribution per unit growth could be among the highest in the Singapore real-estate investment trust sector, say Jefferies' Geraldine Wong and Wilson Ng in a note. Digital Core is expanding its Asia Pacific exposure, they say, noting that the region is one of the fastest-growing for data centers thanks to accelerating artificial-intelligence demand. The REIT's latest acquisitions should boost the trust's investment-grade tenant exposure to 86% from 83%, the analysts add. They expect 2027 distribution per unit to grow 16%, boosted by backfilling of an asset and uplift from its portfolio reconstitution. Jefferies starts its coverage of Digital Core with a buy rating and US$0.65 target price. Units are up 1.1% at US$0.46.
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