During the year, the REIT signed new and renewal leases representing US$74 million of annualised rental revenue, which brought their year-end occupancy to 97%, unchanged y-o-y. Digital Core REIT’s weighted average lease expiry (WALE) increased by two years y-o-y to 4.8 years as at Dec 31, 2024.
Analysts from Citi Research, DBS Group Research and UOB Kay Hian have kept their “buy” calls on Digital Core REIT after the REIT’s results for the 2HFY2024 and FY2024 ended Dec 31, 2024, met or exceeded their expectations.
Digital Core REIT declared a distribution per unit (DPU) of 1.80 US cents (2.4 cents) for the 2HFY2024 and an FY2024 DPU of 3.60 cents, but the highlight was the REIT’s good set of operating metrics.
