Digital Core REIT

In light of certain positives that has been pointed out by others this to me looks like a really bad deal. Posted by zzxbzz at 0625.

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Less than a week after Daiwa House Logistics Trust was listed there is another REIT - Digital Core REIT DCR lodged its IPO prospectus.

. The IPO has been priced in the local currency at SGD121 per unit based on the exchange rate of USD100 to SGD1375 as determined by Digital Core REITs manager. Share to Twitter Share to Facebook Share to. Digital Realty NYSE. REITs are well-known to be able to dish out distributions to unitholders regularly.

Post-IPO Digital Core Reit will have right of first refusal to a potential pipeline of more than US15 billion of data centres - both existing and. The placement tranche for Digital Core REIT IPO was 253682000 Units US223 million. This will be the second pure-play data centre REIT to be listed on the Singapore. Nov 29 2021 Digital Core REIT.

The IPO will close on 2 Dec 2021 at 12pm. Applications for the Singapore public tranche of Digital Core REITs initial public offering IPO opens on 29 November at 9 pm. Being a highly defensive asset class it is hard to achieve meaningful and organic growth without acquisitions. Digital Core Reit IPO intends to raise total gross proceeds of US 977 million.

Lets summarize the IPO prospectus info as per the previous IPO posts. Cornerstone investors or the larger institutional investors will take up 608 of the total IPO size. DC REIT has disclosed that their biggest customer has a AAA credit rating. Digital Core Reit is established with the principal investment strategy of investing directly or indirectly in a diversified portfolio of stabilised income-producing real estate assets located globally which are primarily used for data centre purposes as well as assets necessary to support the digital economy.

Digital Realty as the Sponsor will be the largest unitholder of Digital Core REIT with a US390 million or approximately 39 ownership stake as at the listing date. There are currently only two US corporations with a AAA credit rating namely Microsoft and JohnsonJohnson of which only one of them is a software company. Digital Realty plans to co-invest in Digital Cores future assets by taking a 10 stake. Digital Core REIT DCR is raising around US600 million with cornerstone investors taking up 41478 million units or US365 million a placement of 25368 million units and 1335 million units available for retail investors.

Basically a data centre REIT sponsored by Digital Realty a US listed REIT. Digital Core REIT or DCR is a pure-play data centre REIT offering a total of 267 million units at US088 per unit to raise total gross proceeds of US977 million. The REIT can decide. On that note Digital Core REITs preliminary prospectus has mentioned that its distributions will be made on a semi-annual basis.

The assets that make up the IPO portfolio are core to the Sponsors investment strategy and would continue to hold a 10 direct ownership stake in the Digital Core REIT properties. Digital Core REIT Well Supported by Cornerstone Investors. As the sponsor they will own 39 interest in Digital Core REIT through Digital CR Singapore Holding LLC. All of the over-allotment units 53406000 units went into the placement tranche.

Digital Core REIT Management Pte. Digital Core REIT Wins. Points to exercise caution before diving into this IPO. The REITs distribution policy is to distribute 100 of its annual distributable income from its listing date to the end of.

267034 million Indicative Dividend Yield. US 088 S 121 Offering Units. Digital Core REIT is a Singapore REIT established with the principal investment strategy of investing directly or indirectly in a diversified portfolio of stabilised income-producing real estate assets located globally which are used primarily for data centre purposes as well as assets necessary to support the digital economy. Its a pure play data centre S-REIT and sponsored by the largest global owner operator.

The 2 nd biggest is likely. Digital Core REITs Top 10 Tenants. DLR released its Preliminary Prospectus announcing its intention to raise gross proceeds of 977m USD through the initial public offering IPO on the Singapore Exchange SGX of a newly created Singapore REIT S-REIT focused on data centers called Digital Core REITIncorporating drawn debt Digital Core REIT will have an enterprise. Digital Core REIT DC REIT is offering 267034 units at US 88 cents per unit for its IPO of which 13352m will be for the public and the rest via placement.

As such having such a huge. The REIT will have an initial portfolio of 10 data centres located in both the US and Canada worth around US14 billion. Digital Core REIT will be the exclusive S-REIT vehicle sponsored by Digital Realty the largest global provider of cloud- and carrier-neutral data centre colocation and interconnection solutions. Digital Core REITs Distribution Details.

Digital Core REIT News - Read the latest Digital Core REIT breaking news stay updated on business news investment company news stocks Digital Core REIT news only on The Edge Singapore. Known as the Digital Core REIT it will be the second data centre-focused REIT to list on the Singapore Exchange SGX after Keppel DC REIT made its debut in 2014. I was really hyped for this IPO but i guess i will be avoiding it after all. Public Offer Retail Tranche.

Despite the positive traits. The IPO price is 88 US cents and the forecast distribution per unit DPU in FY2022 is 418 US cents giving a DPU yield of 475. Digital Core REITs Distribution Details. REITs are well-known to be able to dish out distributions to unitholders regularly.

Among the offering of 267034000 units 13352000 units are up for public subscription at US088 per unit or S121 per unit. This has some interesting implications. Digital Core REIT is expected to have an aggregate leverage of 27 per cent as at the listing date -significantly lower than its peers - giving it a debt headroom of up to US596 million. Other than the key risk mentioned in the article concentration risk in each asset Digital Core REIT seems to be a strong competitor against Keppel DC REIT in the data centre space.

Digital Core REIT IPO Balloting Results Placement Tranche. On that note Digital Core REITs prospectus has mentioned that its distributions will be made on a semi-annual basis. Digital Core Reit to raise US977m in IPO selling units at US088 each PURE play data centre real estate investment trust Reit Digital Core Reit intends to raise total gross proceeds of US977 million from its initial public offering IPO on the Singapore Exchange including the issuance of the sponsor units cornerstone units and parent US Reit preference. Dear readers Digital Core Reit IPO is now open for subscription.

Digital Core REIT sponsored by US-listed Digital Realty Trust is set to raise 600 million in an initial public offering IPO in Singapore the largest listing in the city-state this year the company said in its prospectus on Monday. The Real Estate Investment Trust which owns 10 freehold data centres in the United States and Canada worth around 14. Keppel DC Reit trades at a PE of 2236 while Digital Core Reit trades at an implied PE of 28 upon IPO. This means room for taking on cheaper financing from bank borrowings to get a higher return for unit-holders.

The public offer Retail tranche was. A REIT sponsored by a REIT. The Singapore public offer is offered at 121 per unit. The REITs distribution policy is to distribute 100 of its annual distributable income from its listing date to the end of projection year 2023.

Digital Core Reit is the only pure-play data centre Singapore Reit with 10 data centres located in key. It was 196 times subscribed. According to a preliminary prospectus filed with the Monetary Authority of Singapore MAS on 22 November Digital Core REIT will have an initial portfolio of 10 data centres across North America valued.

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