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Digital Core REIT reports lower distributable income of US$31.5 mil, 8.5% lower y-o-y

Nicole Lim
Nicole Lim • 2 min read
Digital Core REIT reports lower distributable income of US$31.5 mil, 8.5% lower y-o-y
The REIT’s reported revenue, and net property income also fell by 1.2% and 3.7% respectively, to US$79.7 mil and US$51 mil.
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Digital Core REIT has reported a lower distributable income of US$31.5 million ($43.21 million) for the 9MFY2023 ended September, 8.5% down from the US$34.4 million reported in the same period a year before. 

During the period, the REIT reported revenue of US$79.7 million, 1.2% lower y-o-y from US$80.7 million the year before. 

The REIT’s net property income (NPI) for the 9MFY2023 also fell by 3.7% y-o-y to US$51 million from US$53 million in the same period a year before. But this figure was a 2.2% increase from the REIT’s 9MFY2023 forecast of US$49.9 million. 

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