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An update from Digital Core REIT ( (SG:DCRU) ) is now available.
Digital Core REIT reported a successful year with significant leasing and investment activities. The company declared a second-half distribution of 1.80 U.S. cents, contributing to a full-year distribution of 3.60 U.S. cents. Notably, Digital Core REIT signed new and renewal leases worth US$74 million, equating to over 90% of its portfolio, and completed acquisitions totaling over US$250 million to enhance its portfolio. Despite a slight year-over-year drop in distribution, the REIT achieved a 20% increase in assets under management, reflecting strong leasing and market rent growth.
More about Digital Core REIT
Digital Core REIT operates in the real estate investment trust industry, focusing primarily on digital infrastructure assets. The company is known for its investments in data centers and is positioned to capture growth opportunities in the digital economy.
YTD Price Performance: -11.21%
Average Trading Volume: 2,727,520
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $668.7M
See more data about DCRU stock on TipRanks’ Stock Analysis page.