On December 19, Shoucheng Holdings, together with CBRE and China United Asset Management, released the "Data Center Industry Investment and Value Insight" report, focusing on the current situation and reasons of the domestic data center industry, the development characteristics of the overseas data center industry and the performance of IDC REITs, as well as the valuation characteristics of data center assets.
The report discusses data center asset composition, valuation methods, factors affecting capitalization rates, and other dimensions. By combing through domestic and foreign research results and combining greece phone number list the current supply and demand status of China's data center industry, it proposes a set of practical evaluation and analysis methods to provide valuable reference and lessons for data center investors, operators, and related stakeholders. It is expected to promote the establishment of a sound investment valuation system for IDC REITs.
Shoucheng Holdings believes that the securitization of domestic data center IDC assets is still in its early stages. By comparing and analyzing the development paths and successful cases of overseas markets, we can see that the type of business provided by REITs directly affects the level of their valuation pricing. In the field of data center REITs, there are two main categories: one is comprehensive service provider REITs represented by Equinix, and the other is real estate leasing REITs represented by Keppel DC REIT. These two types of REITs show obvious differences in operating models, performance and valuation methods.