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:
2025-07-24 Digital Core REIT 1H25 - Maintaining DPU Despite Refurbishment At Linton Hall Road.

Previous report by UOB:
2025-02-14 Digital Core REIT - Good Works That Withstood The Test Of Fire.

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