From an EV/ebitda basis, Digital Core REIT is also trading at a lower multiple of 23 times compared to its broader global peers’ multiples of 25 times to 29 times.
Now would be a good time to buy into Digital Core REIT, say DBS Group Research analysts Dale Lai and Derek Tan. The analysts believe that the REIT is now at an “attractive” re-entry point with its share price of 54 US cents (74 cents) as at Feb 3, representing around 0.9 times the REIT’s P/B and implying an FY2025-FY2026 yield of 6%.
To be sure, its estimated FY2025-FY2026 yield is higher than its Singapore Exchange (SGX:S68
) (SGX)-listed peers, which are largely trading at premiums of 1.2 times – 1.4 times their P/B.
