Digital Core REIT - OCBC Investment 2024-05-24: Powering Digital Trends

Digital Core REIT - Powering Digital Trends

Digital Core REIT (SGX:DCRU) | SGinvestors.ioDigital Core REIT (SGX:DCRU)
  • Digital Core REIT (SGX:DCRU) made its debut on the main board of the Singapore Exchange Securities Trading Limited on 6 Dec 2021. It is the exclusive pure-play data centre S-REIT vehicle sponsored by Digital Realty Trust.
  • - Read this at -

Reconstructed & ready for growth

  • Digital Core REIT experienced a 2.4% y-o-y decline in distributable income in 1Q24 compared to the previous year. This decrease was a result of a significant restructuring of its portfolio, prompted by its second largest tenant's bankruptcy filing in 2023. However, the management effectively turned this challenging situation into an opportunity.
  • - Read this at -
  • The only setback was the delay in finding new tenants for their Toronto property, which currently has a disappointing occupancy rate of 66.8%. Nevertheless, we believe that Digital Core REIT has overcome the worst and is now operating in a structurally growing market.
  • With a healthy aggregate leverage of 35.1% (as at 31 Mar 2024) and a lower cost of debt of 3.9%, Digital Core REIT is well-positioned to pursue further growth opportunities.

Long-term secular uptrend for data centres from favourable demand & supply dynamics

  •

Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @

Donavan Tan OCBC Investment Research | 2024-05-24

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 Dividends & Corporate Actions,
Digital Core REIT News Articles


You May Also Like

SGX Stock / REIT Search


Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁