He adds that the REIT manager is considering potentially acquiring a hyperscale data centre in Frankfurt, Germany, with a net property income (NPI) yield of 6% and a weighted average lease expiry (WALE) of 10 years in 1HFY2026 ending Sept 30.
UOB Kay Hian analyst Jonathan Koh has initiated “buy” on NTT DC REIT on Jan 9 as he likes the REIT’s “lucrative yield” and sees incremental upside from asset injections.
“NTT DC REIT has a global right of first refusal over its sponsor’s stabilised data centres covering 123 properties with a capacity of 2,000MW, of which 130MW are high-conviction potential acquisitions for execution over the next three to five years,” says Koh.
