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Digital Core REIT ( (SG:DCRU) ) has issued an update.
Digital Core REIT announced a distribution of 1.80 U.S. cents and reported improved portfolio occupancy to 98.0% due to positive net absorption. The acquisition of a 20% interest in a second data center in Osaka is expected to enhance the company’s geographic diversification and increase revenue contribution from Japan, making Osaka its fourth-largest market. This acquisition also improves portfolio quality with a state-of-the-art facility leased to investment-grade customers, primarily global cloud providers.
The most recent analyst rating on (SG:DCRU) stock is a Buy with a $0.70 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 operates in the real estate investment trust industry, focusing on data centers. The company provides critical infrastructure for technology and cloud service providers, with a market focus on geographic diversification and high-quality facilities.
Average Trading Volume: 2,626,069
Technical Sentiment Signal: Buy
Current Market Cap: $720.7M
See more insights into DCRU stock on TipRanks’ Stock Analysis page.