Digital Core REIT has reported a distributable income of US$34.4 million ($48.46 million) for the 9MFY2022 ended September, 3.4% lower than the US$35.6 million forecasted.
During the period, the REIT reported revenue of US$80.7 million, 1.6% higher than forecasted, while net property income stood 5.7% higher than predicted at US$53 million.
Profit for the period stood 3.4% higher than estimated at US$33.4 million, while net profit attributable to unitholders came in 4.2% higher than forecasted at US$28.5 million.
As at Sept 30, Digital Core REIT reported a portfolio occupancy of 100% with a weighted average lease expiry (WALE) of 5 years based on annualised rent.
The REIT reported a total of 10 data centers under its portfolio, with total assets worth US$1.45 billion.
Its net asset value (NAV) per unit stood at 85 US cents as at Sept 30.
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The REIT claims to have significant debt capacity and flexibility to grow, with 4.2 years weighted average debt maturity. It has a total debt outstanding of US$350 million, with an aggregate leverage of 26.2% and 3.1% average cost of debt.
Units in Digital Core REIT closed 1 US cent higher or 1.78% up on Oct 26 at 57 US cents.
