{
  "id": 16734751,
  "title": "Digital Core Reit posts 1.1% dip in 9M distributable income to US$34.8 million",
  "url": "https://urgent.news/2026/10/27/digital-core-reit-posts-1-1-dip-in-9m-distributable-income-to-us-34-8",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T10:05:58.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/digital-core-reit-posts-1-1-dip-9m-distributable-income-us34-8-million"
  },
  "original_language": "en",
  "account": "Digital Core Reit recorded a 1.1% decrease in its nine-month distributable income, amounting to US$34.8 million, as of September 30. Despite a 1.6% rise in revenue to US$134.5 million from US$132.4 million over the same period, the pure-play data centre REIT experienced a 4.3% decline in net property income to US$64.8 million from US$67.7 million. The firm currently manages 11 data centres with assets worth US$1.9 billion, comprising 65% in North America, 24% in Germany, and 11% in Japan. The portfolio's weighted average lease expiry is four years, while the in-service portfolio occupancy stands at 97%. The Reit recently announced a major portfolio revamp, which includes the sale of interests in Los Angeles, Toronto, and Northern Virginia facilities, generating gross proceeds of around US$315.9 million. Additionally, the purchase of partial interests in Singapore and Osaka data centres is expected to represent an investment of approximately US$176 million. Post-transaction, Digital Core Reit's pro-forma assets under management will decrease to US$1.8 billion, with 52% in North America, 26% in Germany, 18% in Japan, and 4% in Singapore. Consequently, the number of data centres under the Reit's management will reduce to 10, with a weighted average lease expiry of five years and a 99% occupancy rate. The REIT's units remained stable at US$0.44 on Tuesday following the announcement.",
  "summary": "Revenue is up 1.6% at US$134.5 million from US$132.4 million a year earlier",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}