Digital Core REIT (SG:DCRU)
SGX:DCRU
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Digital Core REIT
(SGX:DCRU)
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Rating:64Neutral
Price Target:
$0.57
▲(18.12% Upside)
Action:DowngradedDate:02/05/26
The score is primarily driven by decent but uneven financial performance: strong 2025 recovery is offset by multi-year volatility, rising leverage, and a 2025 drop to zero free cash flow. Valuation is a positive contributor due to a moderate P/E and high dividend yield. Technical signals are mixed, with neutral momentum and weaker short-term indicators.
Positive Factors
Asset-backed balance sheet
A large asset base and substantial equity provide structural downside protection and borrowing capacity for a data-center REIT. Over the next 2–6 months this supports refinancing options, stability for distributions and the ability to fund selective acquisitions or capex without immediately diluting holders.
Negative Factors
Rising leverage and debt load
Material increase in debt raises interest expense sensitivity and reduces financial flexibility. For a capital-intensive REIT, higher leverage elevates refinancing and covenant risk if leasing or cash flows deteriorate, potentially forcing asset sales or higher-cost funding in adverse scenarios.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-backed balance sheet
A large asset base and substantial equity provide structural downside protection and borrowing capacity for a data-center REIT. Over the next 2–6 months this supports refinancing options, stability for distributions and the ability to fund selective acquisitions or capex without immediately diluting holders.
Read all positive factors
Digital Core REIT (DCRU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
$625.54M
Dividend Yield7.22%
Average Volume (3M)4.17M
Price to Earnings (P/E)―
Beta (1Y)0.76
Revenue Growth36.48%
EPS GrowthN/A
CountrySG
Employees3,000
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)0.03
Shares Outstanding1,303,210,000
10 Day Avg. Volume3,617,600
30 Day Avg. Volume4,166,112
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)0.62
Price to Sales (P/S)3.78
P/FCF Ratio0.00
Enterprise Value/Market Cap2.24
Enterprise Value/Revenue10.67
Enterprise Value/Gross Profit24.16
Enterprise Value/Ebitda72.93
Forecast
1Y Price Target
$0.78Price Target Upside62.50% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.03
Revenue Forecast (FY)$158.94M
Digital Core REIT Business Overview & Revenue Model
Company Description
Digital Core REIT, a real estate investment trust, engages in the development, acquisition, ownership, and operation of data centres. It has 10 mission-critical data centres located in the United States and Canada. The company was incorporated in ...
How the Company Makes Money
Digital Core REIT generates revenue primarily through leasing its data center properties to various tenants under long-term lease agreements. The rental income from these leases constitutes the bulk of the company's revenue. The company also benef...
Digital Core REIT Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 131.23M | 176.15M | 102.27M | 108.70M | 116.49M | 76.62M |
| Gross Profit | 57.95M | 77.77M | 55.37M | 61.72M | 76.47M | 31.88M |
| EBITDA | 19.20M | 73.94M | 327.21M | -101.67M | 29.91M | 53.22M |
| Net Income | 208.43M | 47.70M | 205.38M | -108.58M | 1.54M | 29.54M |
Balance Sheet | ||||||
| Total Assets | 2.22B | 2.25B | 2.01B | 1.51B | 1.61B | 1.45B |
| Cash, Cash Equivalents and Short-Term Investments | 60.72M | 30.55M | 44.12M | 12.10M | 26.66M | 4.00M |
| Total Debt | 797.26M | 791.08M | 653.84M | 555.49M | 495.03M | 348.07M |
| Total Liabilities | 907.14M | 909.80M | 735.29M | 589.41M | 535.54M | 355.58M |
| Stockholders Equity | 1.06B | 1.07B | 1.04B | 790.48M | 934.89M | 949.51M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 0.00 | 56.03M | 40.93M | 76.22M | 41.40M |
| Operating Cash Flow | 0.00 | 71.83M | 56.03M | 40.93M | 76.22M | 54.75M |
| Investing Cash Flow | 0.00 | -105.30M | -45.67M | -50.91M | -1.45B | -936.33M |
| Financing Cash Flow | 0.00 | 19.90M | 20.09M | -3.59M | 1.41B | 909.81M |
Digital Core REIT Technical Analysis
Negative
0.48
Price Trends
0.51
Negative
0.50
Negative
0.49
Negative
Market Momentum
>-0.01
Positive
38.48
Neutral
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:DCRU, the sentiment is Negative. The current price of 0.48 is below the 20-day moving average (MA) of 0.50, below the 50-day MA of 0.51, and below the 200-day MA of 0.49, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.48 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:DCRU.
Digital Core REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $625.54M | ― | 19.81% | 7.22% | 36.48% | ― | |
64 Neutral | $305.76M | 14.90 | 4.67% | 8.23% | -1.34% | -6.08% | |
56 Neutral | $231.43M | 12.97 | 2.75% | 2.40% | -12.01% | ― | |
51 Neutral | $142.13M | -3.69 | -4.00% | 5.06% | -6.01% | -36.46% | |
51 Neutral | $184.87M | ― | -2.16% | ― | -1.55% | 78.22% | |
43 Neutral | S$322.76M | -4.18 | 1.74% | 8.37% | -11.29% | ― |
* Real Estate Sector Average
SG:DCRU
Digital Core REIT
0.49
>-0.01
-1.80%
SG:UD1U
IREIT Global
0.24
<0.01
4.35%
SG:OXMU
Prime US REIT
0.17
0.02
12.24%
SG:XZL
ARA US Hospitality Trust
0.25
0.04
20.69%
SG:CMOU
Kore US Reit
0.18
-0.04
-16.51%
SG:ODBU
United Hampshire US Real Estate Investment Trust
0.51
0.06
13.48%
Digital Core REIT Corporate Events
Digital Core REIT Details Tax-Neutral 2H25 Distribution
Feb 4, 2026
The REIT declared a 2H25 cash distribution of 1.80 U.S. cents per unit, paid entirely as non-effectively connected income largely composed of U.S. source portfolio interest, return of capital, and non-U.S. source income, ensuring no Section 1446(a...
Digital Core REIT Pays 2023 Asset Management Fees in Units, Adjusts Manager’s Stake
Jan 22, 2026
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 ...
Digital Core REIT Lifts Portfolio Occupancy to 98% With 10-Year Linton Hall Lease
Jan 5, 2026
Digital Core REIT has secured a 10-year lease with an investment-grade global cloud service provider for its entire data centre facility at 8217 Linton Hall Road in Virginia, starting 1 December 2026. The deal is expected to generate approximately...
Digital Core REIT Confirms U.S. Withholding Exception for Unit Transfers
Dec 30, 2025
Digital Core REIT has issued a Qualified Notice stating that, for U.S. tax purposes, it qualifies for an exception from withholding on transfers of its units under U.S. Treasury Regulation § 1.1446(f)-4(b)(3). The REIT certified that it was n...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.