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Digital Core REIT
(SGX:DCRU)
Digital Core REIT (DCRU) vs. S&P 500 (SPY)
Digital Core REIT Business Overview & Revenue Model
Digital Core REIT Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 102.27M | 108.70M | 114.95M | 76.62M | 78.75M | Gross Profit |
| 55.37M | 61.72M | 76.47M | 41.33M | 44.11M | EBIT |
| 0.00 | 57.61M | 29.91M | 47.47M | 42.22M | EBITDA |
| 327.21M | -101.67M | 59.93M | 47.47M | 42.22M | Net Income Common Stockholders |
| 205.38M | -108.58M | 1.54M | 29.54M | 18.40M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 44.12M | 12.10M | 25.24M | 4.00M | 0.00 | Total Assets |
| 2.01B | 1.51B | 1.61B | 1.45B | 0.00 | Total Debt |
| 653.84M | 555.49M | 495.03M | 348.07M | 0.00 | Net Debt |
| 609.72M | 543.39M | 469.79M | 344.07M | 0.00 | Total Liabilities |
| 735.29M | 589.41M | 535.54M | 355.58M | 0.00 | Stockholders Equity |
| 1.04B | 790.48M | 934.89M | 949.51M | 0.00 |
| Cash Flow | Free Cash Flow | |||
| 56.03M | 40.93M | 76.22M | 41.40M | 0.00 | Operating Cash Flow |
| 56.03M | 40.93M | 76.22M | 54.75M | 0.00 | Investing Cash Flow |
| -45.67M | -50.91M | -1.45B | -936.33M | 0.00 | Financing Cash Flow |
| 20.09M | -3.59M | 1.40B | 909.81M | 0.00 |
Digital Core REIT Technical Analysis
Digital Core REIT Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | S$1.26B | 21.37 | 3.16% | 6.92% | -8.34% | -22.51% | |
70 Outperform | $688.23M | 3.41 | 22.39% | 5.89% | 6.20% | ― | |
60 Neutral | $2.81B | 11.39 | 0.21% | 8508.43% | 6.31% | -14.32% | |
60 Neutral | S$322.76M | 25.81 | 1.60% | 11.66% | 16.79% | ― | |
60 Neutral | €858.16M | 25.98 | 2.84% | 9.25% | -3.75% | ― | |
55 Neutral | S$1.57B | 8.06 | -1.97% | 3.90% | -1.51% | -135.46% | |
53 Neutral | $206.80M | ― | -0.96% | 24.56% | -2.52% | 89.81% |
Digital Core REIT Corporate Events
Digital Core REIT reported a 10% increase in distributable income for the first quarter, attributed to proactive leasing, accretive investing, and prudent financing. The company improved portfolio occupancy and expanded its presence in Osaka by acquiring a 20% interest in a data center. Additionally, it established a Medium-Term Note Programme and issued its first debt private placement to finance the Osaka investment, demonstrating effective financial strategy and execution.
Digital Core REIT has announced its upcoming annual general meeting scheduled for April 16, 2025, where it will address substantial and relevant questions from its unitholders. The management has consolidated and summarized the key questions received to ensure efficient communication during the meeting, highlighting its commitment to stakeholder engagement and transparency.
Digital Core REIT has announced the issuance of JPY 10 billion (approximately US$ 67 million) in fixed-rate notes due in 2030 under its Euro Medium Term Note Programme. The proceeds from this issuance will support an equity investment in a data center in Osaka and may also be used for general corporate purposes, including debt repayment, which could enhance the company’s operational capabilities and financial flexibility.
Digital Core REIT has issued a Qualified Notice regarding the transfer of interests in the company, certifying that it was not engaged in any trade or business within the United States during its taxable year. This notice impacts stakeholders by clarifying the withholding tax exceptions applicable to the transfer of interests, potentially affecting investment decisions and compliance requirements.
Digital Core REIT has announced the establishment of a US$750 million Euro Medium Term Note Programme, allowing it to issue notes in various currencies and tenors. The proceeds will be used for financing acquisitions, debt repayments, and general corporate purposes, potentially enhancing the REIT’s operational capabilities and market positioning.
Digital Core REIT has expanded its presence in Japan by acquiring a 20% interest in a second data centre in Osaka for approximately US$87 million, which is expected to enhance its distribution per unit and geographic diversification. Additionally, the company has established a US$750 million Euro Medium-Term Note Programme to reduce reliance on bank debt and facilitate growth, marking a significant milestone in its financial strategy.
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.
Digital Core REIT has announced a distribution payment for its unitholders, with a record date of February 20, 2025, and a payment date of March 28, 2025. The total distribution per unit is 1.80 U.S. cents, comprising components such as U.S. source portfolio interest, return of capital, and non-U.S. source income. Notably, no part of this distribution is connected to U.S. trade or business income, thus not subject to related withholding tax, which may offer favorable tax implications for stakeholders.