Digital Core REIT - DBS Research 2025-02-13: Robust Performance In North America & Europe

• Despite the slight decline in overall revenue and NPI, Digital Core REIT achieved a positive rental reversion of 4.3% for FY24, indicating strong leasing momentum and the ability to command higher rents upon lease renewals.

NPI on a same-store basis was up 0.7% y-o-y.

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FY24 DPU of 3.60 US cents is in line with our forecasts and consensus estimates.

• For FY24, Digital Core REIT reported a DPU of 3.60 US cents, reflecting a 2.7% y-o-y decline, primarily due to the divestment of two Silicon Valley DCs. However, acquisitions made during the year helped cushion the impact, preventing a steeper decline in earnings.
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• The vacancy at Linton Hall DC is expected to result in a 10% y-o-y decline in DPU. However, several factors should help to mitigate this impact:
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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:
2025-04-24 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