Broker Name: DBS
Date of Report: (Date not explicitly stated; inferred to be June 2024 based on document context)
Excerpt from DBS report.
Report Summary
- Digital Core REIT has fully leased its Linton Hall property to a global cloud service provider at rents about 35% higher than previous levels, with income contribution starting December 2026.
- This lease removes a key earnings overhang, boosts portfolio occupancy to 98%, and is expected to lift DPU by about 16.5% in FY27, supporting an attractive forward dividend yield of around 8.0%. DBS maintains its BUY recommendation with an unchanged target price of USD0.68.
Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com.sg/
