Digital Core REIT ( (SG:DCRU) ) just unveiled an update.
Digital Core REIT has expanded its presence in Japan by acquiring a 20% interest in a second data centre in Osaka for approximately US$87 million, which is expected to enhance its distribution per unit and geographic diversification. Additionally, the company has established a US$750 million Euro Medium-Term Note Programme to reduce reliance on bank debt and facilitate growth, marking a significant milestone in its financial strategy.
More about Digital Core REIT
Digital Core REIT is a leading pure-play data centre real estate investment trust (REIT) listed in Singapore, sponsored by Digital Realty. The company focuses on acquiring and managing data centre properties, serving a diverse community of leading hyperscale and technology companies.
YTD Price Performance: -1.79%
Average Trading Volume: 3,236,604
Technical Sentiment Signal: Buy
Current Market Cap: $714.2M
For a thorough assessment of DCRU stock, go to TipRanks’ Stock Analysis page.