On Feb 1, Digital Core REIT reported a distribution per unit (DPU) of 3.7 US cents (5 cents) for the FY2023 ended Dec 31, 2023, 15.9% short of the forecast of 4.4 US cents.
Investment manager Cohen & Steers has become a substantial shareholder in Digital Core REIT after buying 825,000 units from the market for US$533,280 ($716,192.37) or 64.64 US cents apiece.
The transaction, which was conducted on Feb 1, has brought Cohen & Steers’ stake in the REIT to 5.03% above the 5% threshold that constitutes it as a substantial shareholder.
