We are looking for data centres that offer sustainable dividends
Private equity giant Blackstone Inc ., along with the Canada Pension Plan Investment Board, is now acquiring Australia ’s data centre group AirTrunk for about US$16.1-billion. AirTrunk is the largest data centre group in the Asia-Pacific region, with sites in Australia , Japan, Malaysia , Hong Kong and Singapore.
Market interest in the massive acquisition echoes that of TSI’s team of analysts. We see data centres as ideal investment targets for private-equity funds, pension funds as well as retail investors. That reflects their large-scale and costly assets, which create high barriers to entry for newer players, and so protect the market share of existing operators. Data centres store and manage applications and data for organizations, and the top operators in the sector prosper from steady demand. They also benefit from being relatively immune to the ups and downs of the business cycle, and offer stable cash flows, typically backed by long-term contracts. Our search started with dividend-paying Canadian and U.S. data centre firms well-positioned to maintain steady or rising returns. From there, we applied our TSI Dividend Sustainability Rating System, awarding points to a stock based on key factors:two points if it has raised the payment in the past five years;one point for operating in non-cyclical industries;two points for a strong balance sheet, including manageable debt and adequate cash;one point if the company’s an industry leader. Companies with 10 to 12 points have the most secure dividends, or the highest sustainability. Those with seven to nine points have above-average sustainability; average sustainability, four to six points; and below average sustainability, one to three points.is the online home of the Successful Investor Inc. – the group of widely followed Canadian investment newsletters by editor and publisher Pat McKeough. They include our award-winning flagship newsletter, The Successful Investor, and theSource: Dividend Advisor. *Ranking is determined by TSI Dividend Sustainability Score. Where overall points are the same, analysts considered P/E, dividend yield and industry outlook to decide final placements.has over 260 facilities globally and more than 10,000 customers, ranging from small businesses to large companies such as Amazon, Microsoft and Google., headquartered in Boston, has successfully diversified beyond document and information storage into high-security data centres with special appeal to finance, health care and government clients. Warehouse and logistics leader, based in San Francisco, announced earlier this year that it will invest as much as US$25-billion to move further into data centres. And finally, Boston-based, already a major operator of wireless telecom and broadcast towers, took a big step into data centres and cloud computing with its 2021 acquisition of CoreSite Realty. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Study and track financial data on any traded entity: click to open the full quote page. Data updated as of
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