Digital Core REIT - DBS Research 2024-07-25: Core Earnings Back On Track

• Demand for data centres in key markets remains robust with the lack of available capacity. Digital Core REIT (SGX:DCRU)’s presence in some of these key markets throughout the US, Canada, Europe, and Japan means it continues to benefit from such robust demand. Moreover, the long WALE for its assets ensures income stability in the foreseeable future.
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Cash NPI on a “same store” basis was up 1.3%

• Digital Core REIT's 1H24 revenues and non-property income (NPI) were lower y-o-y due mainly to the divestment of the two Silicon Valley properties. However, NPI on a same-store basis was up 1.3% due mainly to positive rental reversions and improved portfolio occupancies

1H24 DPU of 1.80 US cents is in line with our projections

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Direct leases have been signed with tenants at the two LA properties

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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:
2025-07-24 Digital Core REIT - Organic Growth To Bridge The Gap At Linton Hall.

Previous report by DBS:
2025-04-24 Digital Core REIT - Sustained Leasing Momentum In The US.

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