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DC Reit not exposed to SVB, First Republic; share price correction makes for attractive valuation: analysts

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Yong Hui Ting

Yong Hui Ting

Published Fri, Mar 17, 2023 · 03:12 PM
    • Digital Core Reit says it has no banking relationship with fallen Silicon Valley Bank.
    • Digital Core Reit says it has no banking relationship with fallen Silicon Valley Bank. PHOTO: DIGITAL CORE REIT MANAGEMENT

    DIGITAL Core real estate investment trust’s (DC Reit) manager said on Friday (Mar 17) that the Reit did not have any customer or banking relationship with recently collapsed Silicon Valley Bank (SVB), First Republic Bank, or other US regional banks.

    It also does not have any customers in the financial services or technology industry, the manager added.

    This came despite Silicon Valley contributing an estimated 30 per cent of the Reit’s assets under management, said Citi analyst Brandon Lee.

    Digital Core ReitSilicon Valley Bank

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