- Digital Core REIT (SGX:DCRU) announced their long-awaited maiden acquisition plans this morning. Similar to their guidance last quarter, Digital Core REIT aims to acquire 2 data centres (DCs) from its sponsor pipeline worth a collective total consideration of US$700m. The manager will be given 6 months to complete these acquisitions, and the size of the deal and way of funding the deal will be subject to overall cost of capital and market conditions.
- - Read this at SGinvestors.io -
- in the bull case scenario, acquire both DCs worth up to ~US$700m.
- - Read this at SGinvestors.io -
Scenario1 – Debt-funded scenario: 25.0% interest in Frankfurt DC
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Dale LAI DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2022-09-23
Read also DBS's most recent report:
2024-02-02 Digital Core REIT - Tenant Bankruptcy A Thing Of The Past.
Previous report by DBS:
2023-11-03 Digital Core REIT - Resolution To A Long-Standing Overhang.
Price targets by other brokers at Digital Core REIT Target Prices.
Listing of research reports at Digital Core REIT Analyst Reports.
Relevant links:
Digital Core REIT Share Price History,
Digital Core REIT Announcements,
Digital Core REIT Dividends & Corporate Actions,
Digital Core REIT News Articles
