0123 GMT - Digital Core REIT is likely shifting to expansion mode, UOB Kay Hian's Jonathan Koh says in a research report. It plans to recycle assets by divesting one asset in North America and redeploying the capital to acquire data centers in Asia Pacific, particularly in Singapore and Japan, the analyst says. The REIT will probably look at raising its stakes in Frankfurt data centre and two Osaka data centers. Management aims to double the size of its asset base to US$4 billion over next 3-5 years. The brokerage slightly raises the unit's target price to US$0.93 from US$0.92 with an unchanged buy rating. Units are unchanged at US$0.49. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 17, 2026 21:23 ET (01:23 GMT)
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