Digital Core REIT (DC REIT)

Insider moves

Cohen & Steers buys 722,400 units in Digital Core REIT for US$0.4 mil

The units, which were purchased from the market, brings Cohen & Steers’ stake in the REIT to 8.03% from 7.97% previously.

Results

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

The REIT’s revenue saw a decline of 9.7% y-o-y at US$72 million in 9MFY2024.
Analysts maintain their ‘buy’ call on Digi Core REIT after acquisitions - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain their ‘buy’ call on Digital Core REIT after acquisitions

DBS’s TP remains unchanged at 75 US cents while UOBKH has increased its TP to 88 US cents.
Digital Core REIT eyes acquisitions with US$15 bil pipeline in looming rate cut cycle - THE EDGE SINGAPORE

REITs Report 2024

Digital Core REIT eyes acquisitions with US$15 bil pipeline in looming rate cut cycle

Digital Core REIT focuses on lease management as rate tailwind supports acquisition pipeline

Insider moves

Cohen & Steers exceed 8% stake in Digital Core REIT after latest purchase

Units in Digital Core REIT closed 1 US cent higher or 1.77% up at 57.5 US cents on Aug 7.

REITs

Digital Core REIT acquires additional 10% stake in Osaka data centre for JPY7.73 bil

The total acquisition outlay is expected to cost the REIT JPY7.83 billion, including fees and the consideration.

REITs

Digital Core REIT proposes additional 24.9% acquisition of Frankfurt data centre

The EUR117 million acquisition is expected to enhance the REIT's portfolio diversification and overall portfolio credit quality.
Investment manager Cohen & Steers becomes substantial shareholder in Digital Core REIT after buying 0.83 mil units - THE EDGE SINGAPORE

Insider moves

Cohen & Steers becomes substantial shareholder in Digital Core REIT after buying 0.83 mil units (update)

Units in Digital Core REIT closed 1 cent higher or 1.55% up at 65.5 cents on Feb 5.
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