DigiCore Real Estate Trust's distributable income in the first quarter fell by 0.1% to USD 11.67 million | Lianhe Zaobao
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DigiCore Real Estate Trust's distributable income in the first quarter slightly decreased by 0.1% to USD 11.67 million, net real estate income fell by 4.9% year-on-year to USD 21.30 million, and revenue was USD 44.13 million, a slight decline of 0.2% year-on-year. Net profit attributable to unit holders surged by 160% to USD 5.40 million. DigiCore owns 11 data centers with a rental rate of up to 97% and a weighted average lease term of 4.4 years. The management company predicts that demand for data centers will grow significantly in the future. The unit price fell by 0.96% to USD 0.515
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