Anthropic's plan to raise up to US$100b in what could be the largest IPO to date has turned data infrastructure from background plumbing into front-page capital markets drama. When a single AI lab talks about a US$1.5b to US$2b valuation and massive spend on compute, it pulls real estate, utilities and chips into the same story. This article walks through 3 REIT stocks exposed to that AI buildout, and how this news might affect their investment case.
The three REITs below are a curated sample. The full screen surfaced 15 more data center and colocation landlords with equally compelling AI-linked stories that are not covered in this short list. To go deeper into this space, identify your own shortlist, and analyze the highest-conviction opportunities, head straight into the AI-Driven Data Center and Colocation REITs screener .
Digital Core REIT (SGX:DCRU)
Overview:Digital Core REIT is a Singapore listed pure play data centre landlord, owning hyperscale and colocation assets closely tied to cloud and AI compute demand.
Operations:The trust generates about US$192 million from commercial data centre leasing, mainly in North America at US$100 million and EMEA at about US$76 million.
Market Cap:US$570 million
Digital Core REIT gives you direct exposure to hyperscale data centres that host cloud and AI workloads, backed by Digital Realty's sponsor support. The portfolio remains focused on large scale tenants, while recycling capital into Asia hubs like Singapore and Osaka and using some proceeds for unit buybacks and debt reduction, depending on how one unseen pressure plays out.
That unseen pressure is exactly what the 3 key rewards and 4 important warning signs (1 is major!) could help you gauge before AI driven leasing trends fully show up in the numbers.
Keppel DC REIT (SGX:AJBU)
Overview:Keppel DC REIT owns and leases data centres across Asia and Europe, giving direct exposure to AI driven colocation and power demand.
Operations:The trust generates about S$472 million mainly from fully fitted colocation at S$341 million and single tenant facilities at S$100 million, with smaller shell and core income.
Market Cap:S$5.8 billion
Keppel DC REIT matters for this AI driven data centre screen because it is built around renting out capacity where cloud and model training workloads actually run, not peripheral real estate, which is exactly what many investors want from this theme.
"Strengths shine through: 96% occupancy, 6.5-year WALE, and a S$5 billion portfolio positioned for AI tailwinds (for example, cloud expansions)."
The real swing factor now is how funding costs and fresh capacity additions interact with AI related demand for high power racks and interconnection.
That tension is exactly where the full narrative for Keppel DC REIT shows how AI driven demand, contracts and funding costs could be quietly decoupling beneath headline metrics.
NTT DC REIT (SGX:NTDU)
Overview:NTT DC REIT owns a global portfolio of carrier neutral, Tier III equivalent data centers that lease power and space to hyperscale and colocation clients.
Operations:NTT DC REIT earns about $155 million from commercial data center leasing, with roughly $101 million from the U.S., $34 million from Singapore and $30 million from Austria.
Market Cap:$894 million
NTT DC REIT provides focused exposure to wholesale, carrier neutral data centers that AI-focused tenants rent in multiple regions, supported by NTT's global platform and approximately 90.7 megawatts of design IT load. Investor outcomes may depend on how changes in financing conditions compare with rental trends over time.
Those cross currents make it worth reading the 4 key rewards and 2 important warning signs (2 are major!) to see how NTT DC REIT's AI exposure compares with its funding profile.
Seeking Alternatives Before The Crowd
Fresh opportunities rarely stay quiet for long. Once momentum hits, prices move and the easy entry points can quickly disappear. Scan these themes before the window narrows and consider acting while conditions remain favorable.
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Identify cash generative opportunities that the market may not have fully priced by reviewing the curated 194 high quality undervalued stocks while it still sits under the radar for now.
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Follow potential income opportunities from established payers by tracking the hand picked 225 dividend fortresses before wider demand starts focusing on the same yield stories.
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Explore infrastructure-focused ideas by scanning the 42 power grid technology and infrastructure stocks while these grid and transmission plays remain less crowded.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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