Digital Core Reit’s Q1 distributable income flat at US$11.7 million
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Digital Core Reit reported a flat distributable income of US$11.7 million for Q1, down 0.1% year-on-year. Revenue decreased by 0.2% to US$44.1 million, and net property income fell 4.9% to US$21.3 million. The decline was attributed to rental losses from the Linton Hall data center, which is undergoing redevelopment. Despite geopolitical uncertainties and rising costs, the Reit maintains a 97% occupancy rate and anticipates significant growth in 2027. Units closed at US$0.515, reflecting a discount to net asset value.
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