Digital Core REIT has given a candid assessment of the “lessons” it learned from a vexatious episode that may have blemished its credence among investors.

Listed on the Singapore Exchange (SGX) in December 2021, Digital Core REIT was established as a conduit for investors seeking to tap into the then burgeoning data centre market in North America.

It was listed with a portfolio of data centres across three US cities, Toronto, and Frankfurt.

But among its stable of tenants, two eventually met with financial trouble amid rising interest rates, and eventually bankruptcies.

These bankruptcies had a notable impact on the REIT’s financial performance.

Related: Cohen & Steers increases stake in Digital Core REIT

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.