Digital Core REIT - DBS Research 2025-04-24: Sustained Leasing Momentum In The US

• Demand for data centres in key markets remains robust with the lack of available capacity. Digital Core REIT’s presence in some of these key markets throughout the US, Canada, Europe, and Japan means it continues to benefit from such robust demand.

1Q25 revenues and NPI increased by 46% and 35% q-o-q.

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• The leasing progress at both properties has been tracking in line with our expectations.

1Q25 DI of US$11.7mil is in line with our FY25 projections.

• Digital Core REIT’s 1Q25 distributable income (DI) of US$11.7mil represents an increase of ~2.1% q-o-q and ~9.9% y-o-y. This performance is in line with our projections and accounts for ~26% of our full-year FY25 estimates.
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Portfolio occupancy improved 100bps q-o-q to 97.7% in 1Q25.

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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/.

Previous report by DBS:
2025-02-13 Digital Core REIT - Robust Performance In North America & Europe.

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