Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Digital Core REIT ( (SG:DCRU) ) just unveiled an announcement.
Digital Core REIT Management Pte. Ltd. has transferred 8,870,932 units of Digital Core REIT to Digital Realty Property Manager, LLC as payment in kind for asset management services rendered in 2023, at an average price of US$0.5073 per unit based on volume-weighted average trading prices on the SGX over four quarterly periods. The manager emphasized that this unit-based fee arrangement is an outsourcing structure that does not add extra costs to the REIT or result in double counting of asset management fees, and following the transfer, the manager now holds 15,739,464 units, or about 1.207% of the total issued units, clarifying current ownership levels for investors.
The most recent analyst rating on (SG:DCRU) stock is a Buy with a $0.92 price target. To see the full list of analyst forecasts on Digital Core REIT stock, see the SG:DCRU Stock Forecast page.
More about Digital Core REIT
Digital Core REIT is a Singapore-listed real estate investment trust focused on data centre assets, with its management company, Digital Core REIT Management Pte. Ltd., overseeing the REIT’s portfolio and capital structure. The REIT engages third-party asset managers, including Digital Realty Property Manager, LLC, under asset management agreements that support the operation and performance of its U.S. and Canadian data centre properties.
Average Trading Volume: 3,010,866
Technical Sentiment Signal: Buy
Current Market Cap: $723.7M
See more data about DCRU stock on TipRanks’ Stock Analysis page.