Guinness Global Real Assets Fund on Digital Realty Trust Inc.
Thesis
Digital Realty is a global data-centre operator held by Guinness. It announced entry into Turkey through a partnership to develop an Ankara data-centre campus with more than 22MW of planned capacity. The fund sees a broader demand tailwind for global data-centre operators from data storage, cloud computing and AI workloads. Expansion into new markets positions Digital Realty to serve that demand through hard-to-replicate physical infrastructure.
“Digital Realty continues to expand its global platform into new markets.”
Key risks
- Higher bond yields could weigh on capital-intensive real-estate valuations.
- A moderation in AI and cloud-infrastructure spending could weaken demand growth.
- Higher capital expenditure may not translate into attractive returns and earnings growth.