Digital Core REIT - DBS Research 2022-07-29: Is There Appetite For More?

Digital Core REIT's 1H22 earnings highlights

Operations stable and 1H22 DPU of US$0.0206 in line with our expectations

• Some savings in property expenses that led to Digital Core REIT (SGX:DCRU)'s 1H22 NPI of US$35.4m, 5.9% above IPO forecasts. Profit attributable to non-controlling interests also lower than forecasts by ~US$0.3m.
• - Read this at SGinvestors.io -

Capital structure is stable

• Digital Core REIT's gearing improved ~30bps q-o-q to 25.7%.
• - Read this at SGinvestors.io -
• Debt headroom of ~US$194m (35% gearing), or ~US$324m (40% gearing) still supportive of our assumptions for a US$250m fully-debt funded acquisition.

Cash flow support agreement with Sponsor executed

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-04-24 Digital Core REIT - Sustained Leasing Momentum In The US.

Previous report by DBS:
2025-02-13 Digital Core REIT - Robust Performance In North America & Europe.

Price targets by other brokers at Digital Core REIT Target Prices.

Listing of research reports at Digital Core REIT Analyst Reports.

Relevant links:
Digital Core REIT Share Price History,
Digital Core REIT Announcements,
Digital Core REIT Dividend Payout Dates & Corporate Actions,
Digital Core REIT News