NTT DC REIT - UOB Kay Hian 2026-01-08: Lucrative Yield With Incremental Upside From Asset Injections

• NTT DC REIT (SGX:NTDU) provides the highest DPU yield among DC REITs. We initiate coverage on NTT DC REIT with a BUY recommendation and target price of US$1.42.

Potential acquisition could enhance presence in Tier 1 markets.

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

Steady rise in portfolio occupancy.

• Portfolio occupancy improved 0.8ppt q-o-q to 95.1% as of Sep 25. CA1-3, VA2 and SG1 expanded net leased capacity by 350kW, 116kW and 292kW respectively due to scheduled ramp-up by existing tenants and the addition of new tenants. Thus, occupancies for CA1-3, VA2 and SG1 improved 0.6ppt, 0.8ppt and 3.4ppt respectively to 95.7%, 98.1% and 93.4%.
• NTT DC REIT also clocked positive rental reversion of 5.1% in 2QFY26.

New leases ramping up at CA1, CA3 and SG1.

• 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/.

Previous report by UOB:
2025-09-23 NTT DC REIT - Building Balanced Portfolio Through Accretive Acquisitions.

Price targets by other brokers at NTT DC REIT Target Prices.

Listing of research reports at NTT DC REIT Analyst Reports.

Relevant links:
NTT DC REIT Share Price History,
NTT DC REIT Announcements,
NTT DC REIT Dividend Payout Dates & Corporate Actions,
NTT DC REIT News