- Digital Core REIT (SGX:DCRU) reported distributable income of US$12.0m for 3Q24 (+19.4% y-o-y), which is in line with our expectation.
Clocked positive rental reversion on portfolio-wide basis.
- - Read this at SGinvestors.io -
- On a portfolio-wide basis, Digital Core REIT achieved positive rental reversion of 10.5% in 3Q24. It has also doubled its portfolio WALE from 2.8 years to 5.0 years.
Successfully backfilled LA data centres.
- - Read this at SGinvestors.io -
- Management expects the two LA data centres to be 80% leased and double the in-place rent by year-end.
Recast of loan facilities strengthens balance sheet.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-10-28
Previous report by UOB:
2024-09-18 Digital Core REIT - Impending Acquisition At Huge Valuation Discount Provides Lucrative Yield.
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
