Resolution Capital says listed REITs, regulated utilities offer cleaner AI data center exposure than private capital
XLU•Resolution Capital said listed data center REITs and regulated utilities offer a more flexible route to AI data center exposure than private capital, citing power constraints and Entergy Louisiana’s authorized 9.7% ROE and planned buildout of at least USD 20 billion.
1. Power drives investment focus
Resolution Capital flagged AI workloads as a new source of data center demand, with GPU-heavy facilities pushing electricity consumption to record levels. It said power availability had become the binding constraint, shifting investor focus to generation, transmission and grid assets; it also cited diversified listed data center REIT portfolios and highlighted Entergy Louisiana’s authorized 9.7% ROE and buildout of at least USD 20 billion.
