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Digital Core REIT
(SGX:DCRU)
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Rating:64Neutral
Price Target:
$0.53
▲(6.00% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by decent but uneven financial performance: a strong 2025 rebound and improved operating cash flow are offset by multi-year volatility, rising leverage, and a 2025 free-cash-flow drop to zero. Valuation is a meaningful positive (moderate P/E and high dividend yield). Technicals are neutral overall, with the price hovering around key moving averages and only slightly negative MACD.
Positive Factors
Stable data-center REIT cashflow model
DCRU’s core business is leasing data center real estate under long-term arrangements that produce base rent and recoveries. That model tends to generate predictable, contractually backed cash flows and supports dividend capacity and planning over multi-quarter horizons, benefiting capital allocation and creditor confidence.
Negative Factors
Rising leverage
Material growth in debt increases interest and refinancing risk for a capital-intensive REIT. If operating performance weakens, higher leverage can strain coverage ratios, limit strategic flexibility, and raise the probability of higher funding costs or constrained access to credit, affecting long-term stability and payout reliability.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable data-center REIT cashflow model
DCRU’s core business is leasing data center real estate under long-term arrangements that produce base rent and recoveries. That model tends to generate predictable, contractually backed cash flows and supports dividend capacity and planning over multi-quarter horizons, benefiting capital allocation and creditor confidence.
Read all positive factors
Digital Core REIT (DCRU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
$635.05M
Dividend Yield7.3%
Average Volume (3M)4.17M
Price to Earnings (P/E)11.1
Beta (1Y)0.53
Revenue Growth19.03%
EPS Growth-77.24%
CountrySG
Employees3,000
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)0.04
Shares Outstanding1,296,025,900
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$0.70Price Target Upside40.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.03
Revenue Forecast (FY)$165.37M
Digital Core REIT Business Overview & Revenue Model
Company Description
Digital Core REIT functions as a specialized real estate investment trust (REIT), dedicated to the acquisition, development, ownership, and management of data centers. Its portfolio currently comprises ten crucial data centers, strategically situa...
How the Company Makes Money
DCRU makes money primarily by earning rental and related property income from leasing space and/or entire facilities within its data center properties to customers (typically via long-term lease arrangements where tenants pay contractually agreed ...
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 | 207.73M | 176.15M | 102.27M | 108.70M | 116.49M | 76.62M |
| Gross Profit | 106.72M | 77.77M | 55.37M | 61.72M | 76.47M | 31.88M |
| EBITDA | 36.72M | 73.94M | 327.21M | 57.61M | 55.58M | 53.22M |
| Net Income | 45.31M | 47.70M | 205.38M | -108.58M | 1.54M | 29.54M |
Balance Sheet | ||||||
| Total Assets | 2.29B | 2.25B | 2.01B | 1.51B | 1.61B | 1.45B |
| Cash, Cash Equivalents and Short-Term Investments | 40.46M | 30.55M | 44.12M | 12.10M | 26.66M | 4.00M |
| Total Debt | 833.50M | 791.08M | 653.84M | 555.49M | 495.03M | 348.07M |
| Total Liabilities | 973.06M | 909.80M | 735.29M | 589.41M | 535.54M | 355.58M |
| Stockholders Equity | 1.05B | 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
Positive
0.50
Price Trends
0.48
Positive
0.48
Negative
0.48
Negative
Market Momentum
>-0.01
Negative
51.22
Neutral
-2.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:DCRU, the sentiment is Positive. The current price of 0.5 is above the 20-day moving average (MA) of 0.48, above the 50-day MA of 0.48, and above the 200-day MA of 0.48, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.22 is Neutral, neither overbought nor oversold. The STOCH value of -2.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $635.05M | 11.11 | 4.29% | 7.23% | 19.03% | -77.24% | |
61 Neutral | $319.29M | 15.17 | 4.67% | 8.44% | -1.69% | -32.49% | |
57 Neutral | $225.68M | 10.47 | 2.75% | 2.40% | -5.79% | 143.55% | |
54 Neutral | $186.96M | -44.75 | 0.60% | 1.41% | 3.79% | ― | |
50 Neutral | $147.93M | -5.47 | -6.69% | 5.06% | -5.96% | -13.94% | |
40 Underperform | S$247.45M | -2.65 | -13.02% | 8.37% | -32.17% | -868.48% |
* Real Estate Sector Average
SG:DCRU
Digital Core REIT
0.48
<0.01
1.27%
SG:UD1U
IREIT Global
0.18
-0.09
-33.81%
SG:OXMU
Prime US REIT
0.16
>-0.01
-5.29%
SG:XZL
ARA US Hospitality Trust
0.20
-0.09
-30.88%
SG:CMOU
Kore US Reit
0.18
-0.03
-12.32%
SG:ODBU
United Hampshire US Real Estate Investment Trust
0.54
0.10
23.84%
Digital Core REIT Corporate Events
Digital Core REIT Eyes 2027 DPU Growth as Linton Hall Lease Kicks In
Jul 30, 2026
Digital Core REIT reported flat distribution per unit for the first half of 2026, declaring 1.80 U.S. cents as it offset lost rental income from its Linton Hall facility through leasing, investments and conservative financing. Portfolio occupancy ...
Digital Core REIT outlines tax treatment and risks for upcoming 1H26 distribution
Jul 29, 2026
Digital Core REIT has declared a first-half 2026 distribution of 1.80 U.S. cents per unit, comprising U.S. source portfolio interest, return of capital, and non-U.S. source income, while certifying that none of the payout is subject to U.S. effect...
Digital Core REIT Issues Qualified Notice on U.S. Withholding Tax Exception
Jun 30, 2026
Digital Core REIT has issued a Qualified Notice under U.S. Treasury regulations confirming that an exception to withholding tax rules applies to transfers of its units over a specified 92-day period. The REIT certifies that it was not engaged in a...
Digital Core REIT Targets AI-Driven Growth with Strong Balance Sheet and Global Pipeline
Jun 22, 2026
Digital Core REIT reported that it is expanding sellable capacity by 13% and highlighted that artificial intelligence-driven digital spending is expected to support continued growth in demand for its data centres. The trust maintains a weighted av...
Digital Core REIT Unitholders Back All AGM Resolutions, Eye Singapore Expansion
May 13, 2026
Digital Core REIT’s annual general meeting in Singapore on 15 April 2026 saw unitholders approve all resolutions, including adoption of the FY2025 audited financial statements and reappointment of KPMG LLP as auditor. They also renewed manda...
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.