Digital Core REIT’s distributable income up 1.9% y-o-y to US$35.2 mil in 9MFY2025

Revenue for the 9MFY2025 rose 83.9% y-o-y to US$132.4 million.

However, the REIT reported a 21.7% y-o-y decline in earnings for the period of US$18.7 million.

The REIT’s net asset value per unit came in 1.3% y-o-y lower at 78 US cents.

For the reporting period, the REIT had a weighted average lease expiry (WALE) of 4.7 years and a portfolio occupancy of 98%.

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As at end Sept, the REIT’s total outstanding debt stood at $671 million, and its aggregate leverage stood at 38.5%. Its average cost of debt stood at 3.5%, and interest coverage ratio at 3.4 times.

The REIT’s assets under management (AUM) as at Sept 30 stood at US$1.7 billion.

Units in Digital Core REIT closed 0.5 US cents higher or 1.042% up at 48.5 US cents on Oct 22.