Digital Core REIT reports DPU dip for FY2024 amid continued expansion

Digital Core REIT has reported a stable financial performance for the full year of 2024, with a distribution per unit (DPU) of 3.60 US cents, a 2.7% decline from the 3.70 US cents recorded in FY 2023.

Despite this dip, the REIT demonstrated strong leasing activity, securing new and renewal leases worth USD74 million in annualised rental revenue and maintaining a high portfolio occupancy rate of 97%.

In terms of financial performance, Digital Core REIT’s FY 2024 gross revenue was USD102.3 million, slightly lower than the USD102.6 million reported in FY 2023, marking a 0.3% decline.