- 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.
- - Read this at SGinvestors.io -
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
- - Read this at SGinvestors.io -
Direct leases have been signed with tenants at the two LA properties
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Dale LAI DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2024-07-25
Previous report by DBS:
2024-04-25 Digital Core REIT - Back On Track To Deliver Stable Earnings.
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
