- Digital Core REIT has backfilled vacant space at its LA data centres by securing direct colocation leases, and currently serves a base of 60-70 enterprise customers. Occupancy for its LA data centres improved 7.7ppt h-o-h to 87.7% in 1H25. The acquisition of a 20% interest in Digital Osaka 3 is accretive to pro forma 2024 DPU by 1.8%.
- - Read this at SGinvestors.io -
Triple-digit reversion from direct colocation leases at LA data centres.
- Digital Core REIT signed new and renewal leases, representing US$3m of annualised rent in 1Q25. It achieved a cash rental reversion of 183%, comprising a triple-digit reversion for new leases at Los Angeles (LA) data centres and inflationary reversions for data centres in Frankfurt and Osaka.
- - Read this at SGinvestors.io -
Continuing to backfill vacant space at LA data centre.
- Portfolio occupancy improved 0.3ppt q-o-q to 98.0% in 2Q25. This is driven by the backfilling of vacant space at LA data centres, which led to a 2ppt q-o-q improvement in occupancy to 87.7%.
Buying back units at large discount to NAV.
- Read more at SGinvestors.io.
