Digital Core REIT ( (SG:DCRU) ) has provided an update.
Digital Core REIT reported a 10% increase in distributable income for the first quarter, attributed to proactive leasing, accretive investing, and prudent financing. The company improved portfolio occupancy and expanded its presence in Osaka by acquiring a 20% interest in a data center. Additionally, it established a Medium-Term Note Programme and issued its first debt private placement to finance the Osaka investment, demonstrating effective financial strategy and execution.
More about Digital Core REIT
Digital Core REIT operates in the real estate investment trust industry, focusing on data centers. The company is involved in leasing, investing, and financing activities to enhance its portfolio, with a market focus on strategic locations such as Los Angeles, Frankfurt, and Osaka.
YTD Price Performance: -15.18%
Average Trading Volume: 3,519,068
Technical Sentiment Signal: Buy
Current Market Cap: $610.3M
For a thorough assessment of DCRU stock, go to TipRanks’ Stock Analysis page.