In March 2024, Digital Core REIT completed the acquisition of an incremental 10% interest in an Osaka data centre from Mitsubishi Corporation for ¥7.725 billion, or approximately US$51.5 million at a 1% discount to appraised value. In April 2024, Digital Core REIT completed the acquisition of an incremental 24.9% interest in its Frankfurt Facility from Digital Realty for €117.0 million, or approximately US$128.7 million, at a 6% discount to appraised value. Both transactions enhanced Digital Core REIT’s portfolio quality and improved geographic diversification as well as customer credit quality.
Digital Core REIT declared a distribution per unit of 1.80 U.S. cents for the six months ended June 30, its 1HFY2024. Of this, an advanced distribution per unit of 0.48 U.S. cents for the period from Jan 1 to Feb 19 was paid on April 4. However, h-o-h, distributions per unit (DPU) rose by 2 US cents, indicating that operations have stabilised following the resolution of a customer bankrupty last year. The distribution for the period from 20 February 2024 to 30 June 2024 will be paid on Friday, Sept 20.
Although distributable income rose to US$22.58 million in 1HFY2024, up 5.1% y-o-y, distributions per unit fell by 6.3% y-o-y to 1.8 US cents as the number of units in issue rose by 14% following a placement of 192 million new units in February.
