Svmuu News: Bernstein analysts stated in a research report that the strength of data center real estate investment trusts (REITs) is often underestimated. This is because traditional valuation metrics often fail to reflect the long-term value of capital-intensive assets designed to generate cash flow over decades. Two sector-specific metrics—adjusted operating cash flow and return on development—provide a more accurate assessment of the sector’s growth potential. A key advantage of this sector is its ability to reinvest capital in expanding data center computing power while maintaining distributions to shareholders. Overall, Bernstein remains optimistic about the outlook for data center REITs. (Jin Shi)