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Digital Core REIT
Investing strategies
KKR, Bain Capital plough into Asia data centres on AI, Cloud boom
'This is a super-easy investment story'
January 15, 2024
Insider moves
Digital Core REIT resumes buybacks following deals to put tenant bankruptcy behind
Citi Research’s Brandon Lee says DCREIT has reached a 'new chapter'
November 09, 2023
Broker's Calls
Digital Core REIT gains following deals to address tenant's bankruptcy
DCREIT can now trade closer to its normalised price to book value ratio
November 02, 2023
Company in the news
Digital Core REIT reaches agreements to resolve customer bankruptcy; expand in Japan; and increase stake in Frankfurt
DC REIT has reached an agreement to acquire a 10% interest in a freehold facility located in Osaka from Mitsubishi Corp.
November 01, 2023
REITs
Bids received for Cyxtera, Digital Core REIT's second largest tenant
Digital Core REIT's second largest tenant, and Mapletree Industrial Trust's third largest tenant receives 6 bids to acquire it
June 22, 2023
Broker's Calls
Analysts mostly lower their target prices on Digital Core REIT after Cyxtera bankruptcy
Citi and UOB Kay Hian have both reduced their TPs to 67 US cents, while DBS has maintained its TP at 90 US cents.
June 06, 2023
REITs
Digital Core REIT's second-largest customer Cyxtera files for bankruptcy
Cyxtera has obtained a commitment for up to US$200 million of debtor-in-possession financing to support ongoing operations.
June 05, 2023
Digital Economy
Digital Core REIT tenant Cyxtera close to deal with lenders for funding
Absent a buyer, Cyxtera could seek Chapter 11 protection
May 04, 2023
REITs
Digital Core REIT tweaks strategy, pivoting to organic growth of under-rented properties
Digital Core REIT pivots away from high AUM growth due to high interest cost, focuses on organic growth of under-rented properties
April 27, 2023
Results
Digital Core REIT 1QFY2023 net income down 10% y-o-y on higher financing costs
The REIT's net asset value per unit, as at March 31 was 81 US cents.
April 26, 2023