What happened?
Singapore’s largest REIT IPO in a decade is here. NTT Data Center REIT (NTT DC REIT) is seeking an IPO on the Singapore Exchange (SGX) to raise S$998m. Upon listing, NTT Data Center REIT will be the third pure-play data centre REIT on the SGX. Investors in Singapore looking for passive income might be familiar with data centre REITs, and we have previously shared our thoughts on Keppel DC REIT and Digital Core REIT. However, I have still seen several questions in the Beansprout community asking if it might be worthwhile considering the NTT DC REIT IPO. Let’s dive deeper to understand more about NTT DC REIT, including its portfolio, risks and projected dividends.
What you need to know about NTT DC REIT IPO
NTT DC REIT’s initial portfolio comprises six operational data centres across the United States, Austria, and Singapore. The assets are appraised at a combined…
