AcquisitionsRecent acquisitions of stakes in Frankfurt DC and Osaka DC are expected to drive earnings, with options to increase stakes and a large pipeline of assets from its sponsor.
Lease AgreementsDCREIT signed new and renewal leases representing more than 90% of its portfolio and generated a positive rental reversion of 4.3%.
Occupancy RatesThe completion of backfilling at the Toronto data centre restored occupancy from 66% to 100% and is expected to significantly increase the annualised rent.