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Digital Core Reit’s 9-month distributable income rises 1.9% to US$35.2 million

Digital Core Reit’s 9-month distributable income rises 1.9% to US$35.2 million

By Kim Browne

Culture

Digital Core Reit reported distributable income of US$35.2 million for the nine months ended Sep 30, up 1.9 per cent from a year earlier.

Revenue for the period climbed 83.9 per cent to US$132.4 million, from US$72 million previously, its manager said in a bourse filing on Wednesday (Oct 22).

Net property income rose 49.6 per cent to US$67.7 million, from US$45.3 million in the same period a year ago.

Property expenses more than doubled to US$64.6 million from US$26.7 million.

As at Dec 31, 2024, the trust’s assets under management stood at US$1.7 billion across 11 data centres, compared with US$1.4 billion and 10 data centres as at Sep 30, 2024.

Portfolio occupancy was 98 per cent as at Sep 30, excluding a property in Virginia currently undergoing refurbishment.

SEE ALSO

Digital Core Reit's revenue is up 84.2% year on year to US$88.9 million for H1 FY2025.

Units of Digital Core Reit closed 1 per cent or US$0.005 higher at US$0.485 on Wednesday, before the announcement.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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Digital Core Reit’s 9-month distributable income rises 1.9% to US$35.2 million | Grazia British