Digital Core REIT - UOB Kay Hian 2025-02-14: Good Works That Withstood The Test Of Fire

• Digital Core REIT provides an attractive 2025 distribution yield of 6.7%, in comparison to Keppel DC REIT at 4.9%, Mapletree Industrial Trust at 6.6%, Digital Realty at 3.0%, and Equinix at 2.0%. It reported DPU of 1.80 US cents for 2H24 (+1.1% y-o-y), which is slightly above our expectation. P/NAV is 0.68x.

Embedded renewal options largely exercised.

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

Completed backfilling of Toronto data centre.

• Digital Core REIT signed a 3-year lease with a next-generation AI computing developer, commencing in 1Q25. The new tenant accounted for 33% of capacity for its Toronto data centre, restoring occupancy from 66% to 100%.
• The new tenant is expected to generate an annualised rent of US$4.2m, which increases annualised rent for the Toronto data centre by 45%. Thus, Digital Core REIT’s portfolio occupancy further improved by 4ppt q-o-q to 97% in 4Q24.

Successfully backfilled vacant space at LA data centres.

• 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.

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