Digital Core REIT asset, 2401 Walsh Avenue, Silicon Valley. (Photo: Digital Core REIT)

The unit price of Digital Core REIT has plunged by more than 6% by the mid-day break on 22 April, on disclosure that a major tenant has filed for bankruptcy protection.

The plunge was driven by a mix of market transitions and married deals, and more than 14 million units changing hands by mid-day, with most of the trades done at USD0.97.

A day earlier, the Singapore Exchange (SGX)-listed REIT also disclosed that its actual revenue for 1Q 2022 came in at SGD26.46 million, marginally missing forecast by 0.1%.


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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.