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Digital Core REIT reports 2.7% lower DPU of 3.60 US cents for FY2024

Nicole Lim
Nicole Lim • 3 min read
Digital Core REIT reports 2.7% lower DPU of 3.60 US cents for FY2024
Gross revenue for the full year FY2024 was marginally lower due to the decrease in rental income from the divestment of the 2401 Walsh Avenue and 2403 Walsh Avenue assets. Photo: DCREIT
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Digital Core REIT (DCREIT) has reported distribution per unit (DPU) of 3.60 US cents (4.87 cents) for the FY2024 ended Dec 31, 2024, 2.7% y-o-y lower than the 3.70 US cents declared for the reporting period a year ago.

Accordingly, the REIT’s DPU for the 2HFY2024 came in at 1.80 US cents, 1.1% higher y-o-y. This was calculated based on the 1,300,293,718 issued units as at Dec 31, 2024, as compared to the 2HFY2023 DPU, which was calculated based on the 1,123,853,481 issued units as at Dec 31, 2023. 

DCREIT’s gross revenue for the FY2024 declined by 0.3% y-o-y to US$102.3 million, while the 2HFY2024 gross revenue rose 9.8% y-o-y to US$54.01 million. 

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