Digital Core REIT - UOB Kay Hian 2024-09-18: Impending Acquisition At Huge Valuation Discount Provides Lucrative Yield

• Digital Core REIT (SGX:DCRU) has exercised its option to acquire additional interest in a Frankfurt data centre at an attractive discount of 17.8% to the refreshed valuation and 1H24 NPI yield of 5.7%. Based on existing market conditions, acquiring 10% of the Frankfurt data centre provides DPU accretion of 1.7%.
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Increasing stake in Frankfurt data centre at lucrative NPI yield.

• Digital Core REIT has exercised its option to acquire an additional stake of 0.2-40.0% in Wilhelm- Fay Straße 15 and 24, a fully fitted freehold data centre in Frankfurt, from sponsor Digital Realty.
• Based on existing market conditions, Digital Core REIT is likely to acquire an additional interest of 10.0%, which brings its aggregate interest in the Frankfurt data centre to 59.9%.
• - Read this at SGinvestors.io -

Continuing to increase geographical diversification.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-02-14 Digital Core REIT - Good Works That Withstood The Test Of Fire.

Previous report by UOB:
2025-01-08 Digital Core REIT - Successful Backfilling At Toronto & Los Angeles Not Fully Appreciated.

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 Dividend Payout Dates & Corporate Actions,
Digital Core REIT News