Close Menu
  • Home
  • US
  • World
    • Canada
    • Europe
    • Asia
    • Africa
    • Australia
    • South America
  • Politics
  • Business
    • Finance
    • Investing
    • Markets
    • Economy
    • Small Business
    • Crypto
  • Money
  • Health
  • Lifestyle
  • Sports
  • Videos
  • More
    • Entertainment
    • Tech
    • Travel
Trending Now
Kurt Sampson, one of Australia’s most accomplished chefs, passes away aged 57

Kurt Sampson, one of Australia’s most accomplished chefs, passes away aged 57

August 2, 2025
Shay Mitchell Poses With Her Family in Stylish Beis x Gap Collab: See the Campaign

Shay Mitchell Poses With Her Family in Stylish Beis x Gap Collab: See the Campaign

August 2, 2025
Hot dogs spill across interstate after tractor trailer crash to clog commute for steamed motorists

Hot dogs spill across interstate after tractor trailer crash to clog commute for steamed motorists

August 2, 2025
Recess on ice as Republicans hunker down for high-stakes nominee blitz

Recess on ice as Republicans hunker down for high-stakes nominee blitz

August 2, 2025
Trump slams Powell as ‘moron’ and calls for Fed’s board to take control of policy moves

Trump slams Powell as ‘moron’ and calls for Fed’s board to take control of policy moves

August 2, 2025
Facebook X (Twitter) Instagram
Just In
  • Kurt Sampson, one of Australia’s most accomplished chefs, passes away aged 57
  • Shay Mitchell Poses With Her Family in Stylish Beis x Gap Collab: See the Campaign
  • Hot dogs spill across interstate after tractor trailer crash to clog commute for steamed motorists
  • Recess on ice as Republicans hunker down for high-stakes nominee blitz
  • Trump slams Powell as ‘moron’ and calls for Fed’s board to take control of policy moves
  • John Cena takes subtle shots at The Rock, Travis Scott in pre-SummerSlam showdown with Cody Rhodes
  • Trump says he wants ‘to release everything’ related to Epstein files — and offers clues into possible Diddy pardon decision
  • Uber rich tourists are paying upwards of $25K to visit this new hotspot — but pilots refuse to fly there: ‘It’s not worth the risk’
  • Privacy
  • Terms
  • Advertise
  • Contact
Pure Info NewsPure Info News
Newsletter
  • Home
  • US
  • World
    • Canada
    • Europe
    • Asia
    • Africa
    • Australia
    • South America
  • Politics
  • Business
    • Finance
    • Investing
    • Markets
    • Economy
    • Small Business
    • Crypto
  • Money
  • Health
  • Lifestyle
  • Sports
  • Videos
  • More
    • Entertainment
    • Tech
    • Travel
 Markets  Weather Login
Pure Info NewsPure Info News
Home » NTT’s Data Center REIT Ends Flat In $773 Million Singapore Debut
Money

NTT’s Data Center REIT Ends Flat In $773 Million Singapore Debut

News RoomNews RoomJuly 14, 2025No Comments
Facebook Twitter WhatsApp Telegram Pinterest Email
NTT’s Data Center REIT Ends Flat In 3 Million Singapore Debut

NTT DC REIT, the global data center real estate investment trust of Japanese telecoms giant NTT Group, made a muted debut on the Singapore stock exchange Monday, despite growing investor interests in data centers amid the AI boom.

NTT DC REIT finished its first trading day unchanged at $1, giving it a market cap of roughly $1 billion. The investment trust raised $773 million in its IPO, the largest in Singapore since 2017, when Singtel’s broadband unit NetLink NBN Trust launched a $1.7 billion public listing.

Among the seven cornerstone investors are Singapore’s sovereign wealth fund GIC, which is the investment trust’s second-largest shareholder after sponsor NTT. Other cornerstone investors include hedge funds Ghisallo Capital Management and Pinpoint Asset Management.

NTT DC REIT said it will use the proceeds to acquire 100% interest in its portfolio that includes six data centers—three in California, one in Virginia, one in Vienna and one in Singapore. The portfolio, which has a combined capacity of 90.7 megawatts, is worth about $1.6 billion.

In the 12 months through March, NTT DC REIT posted a 9% decrease in revenue to $178.7 million. It attributed the drop to the change of the anchor tenant at one of its California data centers, which resulted in a vacancy period of up to 6 months.

The investment trust’s data centers generated 51% of its $12.2 million total monthly base rent from global cloud service providers and tech giants as of 2024, with the rest coming from companies renting server space. Its portfolio boasted an overall occupancy rate of 94.3%, with a weighted average lease expiry of 4.8 years.

NTT DC REIT is part of NTT Group, which is one of the world’s largest data center operators with a portfolio of 91 sites providing more than 2,200 megawatts in capacity.

NTT DC REIT’s IPO gave a much-needed boost to Singapore’s subdued listing market. So far this year, the city-state has only seen three listings raising roughly $840 million, with more than 90% of that amount coming from NTT DC REIT’s IPO.

In stark contrast, rival Hong Kong reclaimed its crown as the world’s top listing venue in the first half of 2025, with 42 companies raising a total of $13.6 billion. The city’s IPO revival has prompted some companies to switch their listings from Singapore, including Thai coconut water producer IFBH.

MORE FROM FORBES

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram WhatsApp Email

Related News

Private Equity Eyes  Trillion Of Retirement Savings With Trump’s Expected Blessing

Private Equity Eyes $29 Trillion Of Retirement Savings With Trump’s Expected Blessing

One Big Beautiful Bill Act Changes Form 1099 Reporting For Gig Workers And Those Who Use Payment Apps Like PayPal For Business

One Big Beautiful Bill Act Changes Form 1099 Reporting For Gig Workers And Those Who Use Payment Apps Like PayPal For Business

The Tax Community Talks About The One Big Beautiful Bill Act Edition

The Tax Community Talks About The One Big Beautiful Bill Act Edition

Trump, And Future Presidents, Will Battle The Fed Until It Reforms

Trump, And Future Presidents, Will Battle The Fed Until It Reforms

Why JPMorgan Is Hitting Fintechs With Stunning New Fees For Data Access

Why JPMorgan Is Hitting Fintechs With Stunning New Fees For Data Access

Go Back To The Office, But Bring Your Own Snacks. Blame Congress.

Go Back To The Office, But Bring Your Own Snacks. Blame Congress.

The Best Places To Retire Abroad In 2025

The Best Places To Retire Abroad In 2025

The Sorting Out The One Big Beautiful Bill Act Edition

The Sorting Out The One Big Beautiful Bill Act Edition

How Live Aid Changed Charitable Giving And The World

How Live Aid Changed Charitable Giving And The World

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Shay Mitchell Poses With Her Family in Stylish Beis x Gap Collab: See the Campaign

Shay Mitchell Poses With Her Family in Stylish Beis x Gap Collab: See the Campaign

August 2, 2025
Hot dogs spill across interstate after tractor trailer crash to clog commute for steamed motorists

Hot dogs spill across interstate after tractor trailer crash to clog commute for steamed motorists

August 2, 2025
Recess on ice as Republicans hunker down for high-stakes nominee blitz

Recess on ice as Republicans hunker down for high-stakes nominee blitz

August 2, 2025
Trump slams Powell as ‘moron’ and calls for Fed’s board to take control of policy moves

Trump slams Powell as ‘moron’ and calls for Fed’s board to take control of policy moves

August 2, 2025
John Cena takes subtle shots at The Rock, Travis Scott in pre-SummerSlam showdown with Cody Rhodes

John Cena takes subtle shots at The Rock, Travis Scott in pre-SummerSlam showdown with Cody Rhodes

August 2, 2025

Latest News

Trump says he wants ‘to release everything’ related to Epstein files — and offers clues into possible Diddy pardon decision

Trump says he wants ‘to release everything’ related to Epstein files — and offers clues into possible Diddy pardon decision

August 2, 2025
Uber rich tourists are paying upwards of K to visit this new hotspot — but pilots refuse to fly there: ‘It’s not worth the risk’

Uber rich tourists are paying upwards of $25K to visit this new hotspot — but pilots refuse to fly there: ‘It’s not worth the risk’

August 2, 2025
Couple shot during alleged home invasion in Brisbane

Couple shot during alleged home invasion in Brisbane

August 2, 2025

Subscribe to News

Get the latest US news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2025 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?