0304 GMT - NTT DC REIT's strong earnings visibility is likely supported by high committed occupancy and a relatively long-weighted average lease expiry, says DBS Group Research's Dale Lai in a note. The real-estate investment trust's first full-year earnings print since going public beat projections from the listing, the analyst says. The REIT's rental rates are likely to continue growing, while it could buy assets from its sponsor pipeline, he adds, noting debt headroom. Vacancy backfilling at one of its data centers is also likely to drive profit, the analyst says. DBS retains a buy rating and is currently reviewing its US$1.20 target price on NTT DC REIT's units. Units are flat at US$1.01. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 12, 2026 23:04 ET (03:04 GMT)
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