Digital Core REIT reports 9MFY2024 distributable income of US$34.5 mil, 9.7% higher y-o-y

That said, the REIT’s revenue saw a decline of 9.7% y-o-y at US$72 million in 9MFY2024.  

Net property income (NPI) also fell by 11.3% y-o-y to US$45.3 million due to the REIT’s lower revenue.  

As at Sept 30, the REIT’s net asset value (NAV) per unit stood at 67 US cents, 2.9% lower y-o-y. 

Portfolio occupancy for the same period stood at 93%, while weighted average lease expiry (WALE) stood at 5.0 years. 

See also: Sabana REIT reports DPU of 0.86 cents for 1QFY2025 on higher NPI of $16 mil

The REIT’s assets under management (AUM) as at Sept 30 stood at US$1.4 billion. Its aggregate leverage 34.8% with an interest coverage ratio of 3.9 times. 

Units in Digital Core REIT closed 1 cent higher, or up 1.71%, at 59.5 US cents on Oct 23.