View ValuationDigital Core REIT 향후 성장Future 기준 점검 0/6Digital Core REIT (는) 각각 연간 2.5% 및 1.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 0.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 4.7% 로 예상됩니다.핵심 정보2.5%이익 성장률0.50%EPS 성장률Specialized REITs 이익 성장4.0%매출 성장률1.1%향후 자기자본이익률4.66%애널리스트 커버리지Low마지막 업데이트19 Jun 2026최근 향후 성장 업데이트Price Target Changed • Jul 28Price target decreased by 7.1% to US$0.68Down from US$0.73, the current price target is an average from 6 analysts. New target price is 34% above last closing price of US$0.51. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$0.027 for next year compared to US$0.0012 last year.Price Target Changed • Apr 04Price target decreased by 8.9% to US$0.75Down from US$0.82, the current price target is an average from 6 analysts. New target price is 56% above last closing price of US$0.48. Stock is down 56% over the past year. The company is forecast to post earnings per share of US$0.029 for next year compared to US$0.0012 last year.모든 업데이트 보기Recent updates공고 • Jun 30Digital Core REIT to Report First Half, 2026 Results on Jul 29, 2026Digital Core REIT announced that they will report first half, 2026 results on Jul 29, 2026New Risk • Apr 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (26% net profit margin).공고 • Mar 31Digital Core REIT to Report Q1, 2026 Results on Apr 22, 2026Digital Core REIT announced that they will report Q1, 2026 results After-Market on Apr 22, 2026Reported Earnings • Mar 29Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$0.037 (down from US$0.16 in FY 2024). Revenue: US$195.0m (up 64% from FY 2024). Net income: US$47.7m (down 77% from FY 2024). Profit margin: 25% (down from 173% in FY 2024). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Revenue is forecast to stay flat during the next 3 years compared to a 4.6% growth forecast for the Specialized REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공고 • Mar 24Digital Core REIT, Annual General Meeting, Apr 15, 2026Digital Core REIT, Annual General Meeting, Apr 15, 2026, at 09:30 Singapore Standard Time. Location: level 4, singapore land tower, 50 raffles place, singapore 048623, SingaporeDeclared Dividend • Feb 06Final dividend of US$0.018 announcedShareholders will receive a dividend of US$0.018. Ex-date: 11th February 2026 Payment date: 26th March 2026 Dividend yield will be 6.9%, which is higher than the industry average of 4.0%.Reported Earnings • Feb 05Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$0.037 (down from US$0.16 in FY 2024). Revenue: US$176.2m (up 69% from FY 2024). Net income: US$47.7m (down 77% from FY 2024). Profit margin: 27% (down from 197% in FY 2024). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Revenue is expected to decline by 3.6% p.a. on average during the next 2 years, while revenues in the Specialized REITs industry in Asia are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.공고 • Feb 04Digital Core REIT Announces Cash Dividend for the Period from 01 July 2025 to 31 December 2025 , Payable on March 26 , 2026Digital Core REIT announced that the Transfer Books and Register of Unitholders of Digital Core REIT will be closed on 12 February 2026 for the purpose of determining the entitlement of holders of units in Digital Core REIT to Digital Core REIT's distribution of 1.80 U.S. cents per Unit for the period from 01 July 2025 to 31 December 2025 (the "Distribution"), comprising: a) tax-exempt income distribution of 1.64 U.S. cents per Unit; and b) capital distribution of 0.16 U.S. cents per Unit. Unitholders whose securities accounts with the Central Depository (Pte.) Limited ("CDP") are credited with Units at the Record Date will be entitled to the Distribution to be paid on 26 March 2026. Unitholders are reminded to submit the completed tax forms to Digital Core REIT's Unit Registrar - Boardroom Corporate & Advisory Services Pte. Ltd. - at least seven (7) days before the validation deadline of 27 February 2026. Unitholders who do not submit required U.S. tax forms completely and accurately will be subject to 30% withholding tax on the Distribution on 27 February 2026.공고 • Jan 05Digital Core REIT to Report Fiscal Year 2025 Results on Feb 04, 2026Digital Core REIT announced that they will report fiscal year 2025 results at 5:00 PM, Singapore Standard Time on Feb 04, 2026Reported Earnings • Oct 23Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: US$0.005. Revenue: US$58.3m (up 77% from 3Q 2024). Net income: US$6.58m (up 27% from 3Q 2024). Profit margin: 11% (down from 16% in 3Q 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Specialized REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공고 • Sep 30Digital Core REIT to Report Q3, 2025 Results on Oct 22, 2025Digital Core REIT announced that they will report Q3, 2025 results After-Market on Oct 22, 2025Declared Dividend • Jul 25First half dividend of US$0.018 announcedShareholders will receive a dividend of US$0.018. Ex-date: 30th July 2025 Payment date: 18th September 2025 Dividend yield will be 6.7%, which is higher than the industry average of 4.0%.Reported Earnings • Jul 24Second quarter 2025 earnings released: EPS: US$0.008 (vs US$0.008 in 2Q 2024)Second quarter 2025 results: EPS: US$0.008 (in line with 2Q 2024). Revenue: US$28.9m (up 42% from 2Q 2024). Net income: US$9.99m (flat on 2Q 2024). Profit margin: 35% (down from 49% in 2Q 2024). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Global Specialized REITs industry.공고 • Jun 30Digital Core REIT to Report First Half, 2025 Results on Jul 23, 2025Digital Core REIT announced that they will report first half, 2025 results on Jul 23, 2025Reported Earnings • Mar 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$0.16 (up from US$0.097 loss in FY 2023). Revenue: US$104.2m (up 42% from FY 2023). Net income: US$205.4m (up US$314.0m from FY 2023). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Global Specialized REITs industry.공고 • Mar 28Digital Core REIT to Report Q1, 2025 Results on Apr 23, 2025Digital Core REIT announced that they will report Q1, 2025 results After-Market on Apr 23, 2025공고 • Mar 26Digital Core REIT, Annual General Meeting, Apr 16, 2025Digital Core REIT, Annual General Meeting, Apr 16, 2025, at 09:00 Singapore Standard Time. Location: ntuc centre, 1 marina boulevard, training room 801, on level 8, one marina boulevard, singapore 018989, SingaporeDeclared Dividend • Feb 14Dividend increased to US$0.018Dividend of US$0.018 is 276% higher than last year. Ex-date: 19th February 2025 Payment date: 28th March 2025 Dividend yield will be 5.5%, which is higher than the industry average of 4.0%.Reported Earnings • Feb 13Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$0.16 (up from US$0.097 loss in FY 2023). Revenue: US$102.3m (up 40% from FY 2023). Net income: US$205.4m (up US$314.0m from FY 2023). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Global Specialized REITs industry.공고 • Feb 13Digital Core REIT Announces Cash Dividend for the Period from 01 July 2023 to 31 December 2023, Payable on March 28, 2025Digital Core REIT announced that the Transfer Books and Register of Unitholders of will be closed on 20 February 2025 at 5:00 p.m. (the "Record Date") for the purpose of determining the entitlement of holders of units in Digital Core REIT ("Units" and holders of Units, "Unitholders") to Digital Core REIT's distribution of 1.80 U.S. cents per Unit for the period from 01 July 2024 to 31 December 2024, comprising: a) tax-exempt income distribution of 0.18 U.S. cents per Unit; and b) capital distribution of 1.62 U.S. cents per Unit. Unitholders whose securities accounts with the Central Depository (Pte.) Limited are credited with Units at the Record Date will be entitled to the Distribution to be paid on Friday, 28 March 2025.공고 • Feb 12Digital Core REIT Announces Board and Committee ChangesDigital Core REIT announced key leadership changes designed to underscore Digital Realty's commitment to Digital Core REIT's long-term success and accelerate the growth of its platform across the Asia Pacific region. Serene Nah, Managing Director, Head of APAC for Digital Realty and a non-independent director, will succeed David Lucey as Chairman of the Board of Digital Core REIT Management Pte. Ltd., the manager of Digital Core REIT. Ms. Nah will also be appointed as a member of the Nominating & Corporate Governance Committee to build upon the Board's strong foundation and further align with the REIT's strategic growth priorities. These changes will take effect from 12 February 2025. Ms. Nah is based in Singapore and has had a distinguished career spanning over two decades across infrastructure real estate, technology investment and capital markets. Since joining Digital Realty in January 2023, she has led the Sponsor's strategic initiatives in the Asia Pacific region, solidifying its position as a global data centre leader. Mr. Lucey will continue to serve as a non-independent director of the Manager and as Senior Vice President, Investment/Government Affairs for Digital Realty. Mr. Lucey will continue to serve as a non-independent director of the Manager and as Senior Vice President, Investment/Government Affairs for Digital Realty. Board of Directors + Nominating & Corporate Governance Committee Composition The composition of the Board of Directors and the Nominating & Corporate Governance Committee with effect from 12 February 2025 are as detailed below. There are no changes to the composition of the Audit & Risk Committee or the Remuneration Committee. Board of Directors: Ms. Serene Nah Chairman Non-Independent Non-Executive Director, Mr. John Herbert Lead Independent Non Executive Director, Mr. Tsui Kai Chong Independent Non-Executive Director, Mr. Tan Jeh Wuan Independent Non-Executive Director, Mr. David Lucey Non-Independent Non-Executive Director. Nominating & Corporate Governance Committee: Mr. John Herbert Chairman, Mr. Tsui Kai Chong Member, Ms. Serene Nah Member. About Serene Nah Ms. Nah is based in Singapore and has over two decades of experience in pan-Asia infrastructure real estate and technology investment as well as capital markets, joint ventures, and financial management. Ms. Nah currently serves as Managing Director, Head of Asia Pacific for Digital Realty, where she works with its partners and customers to drive growth and broaden offerings to support the emerging needs of the Asia Pacific region. She joined Digital Realty from Kerry Properties, where she served as Executive Director and Chief Financial Officer in charge of finance, corporate development, strategy, and operations. Previously, Ms. Nah held senior leadership roles in the U.S. and across APAC at companies including Silver Lake Partners, where she served as Head of Asia-Portfolio Management, and General Electric, where she most recently served as CFO of GE Capital Greater China. In addition to her corporate responsibilities, Ms. Nah is actively engaged in the industry and currently holds the position of Vice-Chair at the Asia-Pacific Data Centre Association (APDCA). Ms. Nah holds a Bachelor's degree in Business Studies from The Nanyang Technological University Singapore and has an executive MBA from Kellogg-HKUST.공고 • Jan 13Digital Core REIT to Report Fiscal Year 2024 Results on Feb 12, 2025Digital Core REIT announced that they will report fiscal year 2024 results on Feb 12, 2025Reported Earnings • Oct 27Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: US$25.9m (down 17% from 3Q 2023). Net income: US$5.20m (down 38% from 3Q 2023). Profit margin: 20% (down from 27% in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Global Specialized REITs industry.공고 • Sep 30Digital Core REIT to Report Q3, 2024 Results on Oct 23, 2024Digital Core REIT announced that they will report Q3, 2024 results on Oct 23, 2024Declared Dividend • Jul 26Dividend reduced to US$0.013Dividend of US$0.013 is 32% lower than last year. Ex-date: 31st July 2024 Payment date: 20th September 2024 Dividend yield will be 6.3%, which is higher than the industry average of 4.0%.Buy Or Sell Opportunity • Jul 25Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.7% to US$0.59. The fair value is estimated to be US$0.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.공고 • Jul 01Digital Core REIT Management Pte. Ltd. Announces Change of Company SecretariesThe Board of Directors of Digital Core REIT Management Pte. Ltd., in its capacity as manager of Digital Core REIT, announced the resignation of Ms Low Mei Mei, Maureen and Ms Lai Foon Kuen as Joint Company Secretaries of the Company and in their place, the appointment of Ms Shim Gek Nii as Joint Company Secretary of the Company with immediate effect. Following the aforesaid change, the Company Secretaries of the Company are Mr. Lee Tiong Hock and Ms Shim Gek Nii.공고 • Jun 28Digital Core REIT to Report First Half, 2024 Results on Jul 24, 2024Digital Core REIT announced that they will report first half, 2024 results on Jul 24, 2024Reported Earnings • Apr 25First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: US$0.008. Revenue: US$24.6m (down 12% from 1Q 2023). Net income: US$8.71m (up 21% from 1Q 2023). Profit margin: 35% (up from 26% in 1Q 2023). Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Global Specialized REITs industry are expected to grow by 4.5%.공고 • Apr 05Digital Core REIT, Annual General Meeting, Apr 18, 2024Digital Core REIT, Annual General Meeting, Apr 18, 2024, at 09:00 Singapore Standard Time. Location: Bridge+, 79 Robinson Road, Level 2 Singapore Singapore Agenda: To receive and adopt the Trustee's Report, the Manager's Statement, the Audited Financial Statements of Digital Core REIT for the financial period from 1 January 2023 to 31 December 2023 and the Auditors' Report thereon; to re-appoint KPMG LLP as Auditors of Digital Core REIT and authorize the Manager to fix the Auditors' remuneration; to authorize the Manager to issue Units and to make or grant convertible instruments; and to approve the renewal of the Unit Buy-Back Mandate.공고 • Mar 29Digital Core REIT to Report Q1, 2024 Results on Apr 25, 2024Digital Core REIT announced that they will report Q1, 2024 results After-Market on Apr 25, 2024New Risk • Feb 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (17% increase in shares outstanding).공고 • Feb 09Digital Core REIT announced that it expects to receive SGD 134 million in fundingDigital Core REIT announced a private placement of 159,523,810 new units at an issue price between SGD 0.8100 and SGD 0.8400 per new unit, representing a discount of about 8.8% and 5%, respectively for the gross proceeds of SGD 134,000,000.4 on February 7, 2024. The new units under the private placement will be made available to eligible institutional, accredited and other investors. The new units to be issued will increase the number of units in issue by up to 166,667,000, which is an increase of up to 14.8% of the total number of units in issue.Declared Dividend • Feb 09Dividend of US$0.0048 announcedShareholders will receive a dividend of US$0.0048. Ex-date: 15th February 2024 Payment date: 4th April 2024 Dividend yield will be 6.3%, which is higher than the industry average of 4.0%.Reported Earnings • Feb 02Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: US$0.097 loss per share (down from US$0.001 profit in FY 2022). Revenue: US$102.6m (up 4.5% from FY 2022). Net loss: US$108.6m (down US$109.9m from profit in FY 2022). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to decline by 4.0% p.a. on average during the next 2 years, while revenues in the Global Specialized REITs industry are expected to grow by 5.0%.공고 • Feb 01Digital Core REIT Announces Cash Dividend for the Period from 01 July 2023 to 31 December 2023, Payable on 27 March 2024Digital Core REIT will be closed on 9 February 2024 at 5:00 p.m. for the purpose of determining the entitlement of holders of units in Digital Core REIT ("Units" and holders of Units,"Unitholders") to Digital Core REIT's distribution of 1.78 U.S. cents per Unit for the period from 01 July 2023 to 31 December 2023 (the "Distribution"), comprising: (a) tax-exempt income distribution of 0.69 U.S. cents per Unit; and (b) capital distribution of 1.09 U.S. cents per Unit. Unitholders whose securities accounts with The Central Depository (Pte.) Limited ("CDP") are credited with Units at the Record Date will be entitled to the Distribution to be paid on 27 March 2024.New Risk • Nov 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (7.6% average weekly change).Board Change • Nov 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Independent Non-Executive Chairman of the Board of Digital Core REIT Management Pte. Ltd David Lucey is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 28Third quarter 2023 earnings released: EPS: US$0.007 (vs US$0.024 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.007 (up from US$0.024 loss in 3Q 2022). Revenue: US$31.2m (up 79% from 3Q 2022). Net income: US$8.37m (up US$35.6m from 3Q 2022). Profit margin: 27% (up from net loss in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Global Specialized REITs industry.공고 • Sep 29Digital Core REIT to Report Q3, 2023 Results on Oct 26, 2023Digital Core REIT announced that they will report Q3, 2023 results at 5:00 PM, Singapore Standard Time on Oct 26, 2023공고 • Sep 06Digital Core Reit Announces Chief Financial Officer Changes, Effective from October 1, 2023Digital Core REIT Board, taking into consideration the credentials, experience and qualifications of Mr. David Craft (Mr Craft), and at the recommendation of the Nominating and Corporate Governance Committee, approved the appointment of Mr. Craft as Chief Financial Officer. Executive. Mr. Craft will work with the Chief Executive Officer and other members of the management team to formulate strategic plans for Digital Core REIT in accordance with the Manager's stated investment strategy. He will be responsible in applying the appropriate capital management strategy, including tax and treasury matters, as well as finance and accounting matters, overseeing implementation of Digital Core REIT's short and medium term business plans, financing activities and financial condition. Working Experience: Senior Director and Vice President of Acquisitions and Investments at Digital Realty Trust (2018 to 2023) Associate, Vice President and Director of Investment Banking at Bank of America Merrill Lynch (2013 to 2018). Professional Qualifications: Bachelor of Science in Finance and a Bachelor of Music Performance from the University of Colorado, Boulder Master of Business Administration, Finance concentration, from the Kenan-Flagler Business School at the University of North Carolina, Chapel Hill. Appointment date: October 1, 2023. Mr. Craft succeeds Daniel Tith, who is returning to the U.S. to lead Global Finance for Digital Realty. In his new role, Mr. Tith will remain closely involved with Digital Core REIT's capital-raising and investment activities, allowing for career development as well as preservation of institutional knowledge to ensure a seamless transition.공고 • Sep 05+ 1 more updateDigital Core REIT Announces Cessation of Jeffrey Michael Tapley as Chairman and Non-Independent Non-Executive DirectorDigital Core REIT announced cessation of Jeffrey Michael Tapley as Chairman and Non-Independent Non-Executive Director. Mr. Jeffrey Tapley leads the overall management of the Board and ensures that Directors and Management work together, and also guides the Board in the overall strategic direction, management of assets and governance matters. Reason for cessation is Mr. Jeffrey Tapley will relinquish his role as Chairman and Non-Independent Non-Executive Director of Digital Core REIT Management Pte. Ltd. on 1 October 2023 to focus on his expanded responsibilities as Chief Commercial Operations Officer with Digital Realty.Reported Earnings • Jul 30Second quarter 2023 earnings released: EPS: US$0.002 (vs US$0.024 loss in 2Q 2022)Second quarter 2023 results: EPS: US$0.002 (up from US$0.024 loss in 2Q 2022). Revenue: US$20.7m (up 19% from 2Q 2022). Net income: US$1.90m (up US$29.1m from 2Q 2022). Profit margin: 9.2% (up from net loss in 2Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Global Specialized REITs industry.Buying Opportunity • Jul 30Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be US$0.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last year. Meanwhile, the company became loss making.공고 • Jul 29Digital Core REIT Announces Distribution for the Period from 01 January 2023 to 30 June 2023, Payable on 28 September 2023Digital Core REIT announced distribution of 1.92 U.S. cents per Unit for the period from 01 January 2023 to 30 June 2023. The Transfer Books and Register of Unitholders of Digital Core REIT will be closed on 4 August 2023 for the purpose of determining the entitlement of holders of units in Digital Core REIT. Tax-exempt income distribution of 0.70 U.S. cents per Unit; and capital distribution of 1.22 U.S. cents per Unit. Unitholders whose securities accounts with The Central Depository (Pte.) Limited are credited with Units at the Record Date will be entitled to the Distribution to be paid on 28 September 2023.Price Target Changed • Jul 28Price target decreased by 7.1% to US$0.68Down from US$0.73, the current price target is an average from 6 analysts. New target price is 34% above last closing price of US$0.51. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$0.027 for next year compared to US$0.0012 last year.공고 • Jul 22Digital Core Reit Management Pte. Ltd. Announces Joint Company Secretary ChangesThe Board of Directors of Digital Core REIT Management Pte. Ltd. (company) in its capacity as manager of Digital Core REIT, announced the resignation of Ms Han RuiYun as Joint Company Secretary of the Company and in her place, the appointment of Ms Lai Foon Kuen as Joint Company Secretary of the Company with immediate effect. Following the aforesaid change, the Company Secretaries of the Company are Mr. Lee Tiong Hock, Ms Low Mei Mei, Maureen and Ms Lai Foon Kuen.Reported Earnings • Apr 27First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: US$26.8m (up 39% from 1Q 2022). Net income: US$7.18m (down 6.5% from 1Q 2022). Profit margin: 27% (down from 40% in 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.7% growth forecast for the Global Specialized REITs industry.Price Target Changed • Apr 04Price target decreased by 8.9% to US$0.75Down from US$0.82, the current price target is an average from 6 analysts. New target price is 56% above last closing price of US$0.48. Stock is down 56% over the past year. The company is forecast to post earnings per share of US$0.029 for next year compared to US$0.0012 last year.공고 • Feb 03Digital Core REIT Announces Distribution for the Period from July 01, 2022 to December 31, 2022, Payable on March 31, 2023Digital Core REIT Management Pte. Ltd., as manager of Digital Core REIT, announced that the transfer books and register of unitholders of Digital Core REIT will be closed on February 10, 2023 at 5:00 p.m. (the ‘Record Date’) for the purpose of determining the entitlement of holders of units in the company (‘Units’ and holders of Units, ‘Unitholders’) to Digital Core REIT's distribution of 1.92 U.S. cents per unit for the period from 01 July 2022 to 31 December 2022 (the ‘Distribution’), comprising: (a) tax-exempt income distribution of 1.21 U.S. cents per unit; and (b) capital distribution of 0.71 U.S. cents per unit. Unitholders whose securities accounts with The Central Depository (Pte.) Limited (‘CDP’) are credited with units at the record date will be entitled to the distribution to be paid on March 31, 2023.Buying Opportunity • Jan 10Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be US$0.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings is forecast to decline by 13% per annum over the same time period.공고 • Jan 04Digital Core REIT to Report Fiscal Year 2022 Results on Feb 02, 2023Digital Core REIT announced that they will report fiscal year 2022 results at 5:00 PM, Singapore Standard Time on Feb 02, 2023공고 • Dec 30Digital Core REIT Announces Change of Joint Company SecretariesThe Board of Directors of Digital Core REIT Management Pte. Ltd., in its capacity as manager of Digital Core REIT, announced the resignation of Ms Yvonne Ang Ruey Shya as Joint Company Secretary of the Company and in her place, the appointment of Ms Maureen Low Meimei and Ms Sheena Han RuiYun as Joint Company Secretaries of the Company with immediate effect.공고 • Dec 02Digital Core REIT (SGX:DCRU) completed the acquisition of 25% interest in freehold data centre in Frankfurt from Digital Realty Trust, L.P.Digital Core REIT (SGX:DCRU) entered into an agreement to acquire a 25% interest in freehold data centre in Frankfurt from Digital Realty Trust, L.P. for $140 million in September 22, 2022. In related transaction, Digital Core REIT will acquire a 90% interest in an institutional quality freehold data center in Dallas, Texas for $179 million. Digital Core REIT has an the option to acquire up to an 89.9% interest in the Frankfurt facility. Digital Core REIT will fund the trasncation by external bank borrowings without an equity fund raising. In the event the equity fundraising does not occur, Digital Core REIT will pursue a 100% debt-funded transaction, pursuant to which Digital Core REIT will acquire a 25% interest in the Frankfurt facility and will not acquire any interest in the Dallas data centres. Ernst & Young Global Services LLP acted as accountant to Digital Realty Trust, L.P. Latham & Watkins, Bird & Bird and Shooklin & Bok advised in this transaction. Constantijn Voogt and Wiebe Dijkstra of De Brauw Blackstone Westbroek N.V. advised in this transaction. Deloitte & Touche Corporate Finance Pte Ltd. acted as fairness opinion provider to Audit and Risk Committee of Manager of Digital Core REIT (SGX:DCRU). Digital Core REIT (SGX:DCRU) completed the acquisition of 25% interest in freehold data centre in Frankfurt from Digital Realty Trust, L.P. on December 1, 2022.Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Independent Non-Executive Director of Digital Core REIT Management Pte. Ltd David Lucey is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공고 • Oct 13Digital Core REIT to Report Q3, 2022 Results on Oct 26, 2022Digital Core REIT announced that they will report Q3, 2022 results at 5:00 PM, Singapore Standard Time on Oct 26, 2022공고 • Sep 24Digital Core REIT (SGX:DCRU) entered into an agreement to acquire a 25% interest in freehold data centre in Frankfurt from Digital Realty Trust, L.P. for $140 million.Digital Core REIT (SGX:DCRU) entered into an agreement to acquire a 25% interest in freehold data centre in Frankfurt from Digital Realty Trust, L.P. for $140 million in September 22, 2022. In related transaction, Digital Core REIT will acquire a 90% interest in an institutional quality freehold data center in Dallas, Texas for $179 million. Digital Core REIT has an the option to acquire up to an 89.9% interest in the Frankfurt facility. Digital Core REIT will fund the trasncation by external bank borrowings without an equity fund raising. In the event the equity fundraising does not occur, Digital Core REIT will pursue a 100% debt-funded transaction, pursuant to which Digital Core REIT will acquire a 25% interest in the Frankfurt facility and will not acquire any interest in the Dallas data centres.공고 • Jul 29Digital Core REIT Announces Cash Dividend for the Period Ended June 30, 2022, Payable on September 28, 2022NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of Digital Core REIT will be closed on 05 August 2022 at 5.00 p.m. for the purpose of determining the entitlement of holders of units in Digital Core REIT ("Units" and holders of Units, "Unitholders") to Digital Core REIT's distribution of 2.37 US cents per Unit for the period from 6 December 2021 (Listing Date) to 30 June 2022 (the "Distribution") comprising: tax-exempt income distribution of 1.52 US cents per Unit; and capital distribution of 0.85 US cents per Unit. Unitholders whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with Units at the Books Closure Date will be entitled to the Distribution to be paid on 28 September 2022.공고 • Jul 15Digital Core REIT to Report Q2, 2022 Results on Jul 28, 2022Digital Core REIT announced that they will report Q2, 2022 results After-Market on Jul 28, 2022Board Change • Apr 27High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Independent Non-Executive Director of Digital Core REIT Management Pte. Ltd David Lucey is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Buying Opportunity • Feb 03Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be US$1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year.Buying Opportunity • Jan 18Now 22% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be US$1.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year.이익 및 매출 성장 예측SGX:DCRU - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202819752N/AN/A212/31/202718850N/AN/A512/31/202616241N/AN/A53/31/202619651N/AN/AN/A12/31/2025195489494N/A9/30/2025162200N/AN/AN/A6/30/20251321999090N/A3/31/2025124199N/AN/AN/A12/31/20241192055757N/A9/30/202470-102N/AN/AN/A6/30/202471-995858N/A3/31/202471-107N/AN/AN/A12/31/202373-1096363N/A9/30/2023100-10N/AN/AN/A6/30/202387-125454N/A3/31/2023100-2N/AN/AN/A12/31/20229017070N/A6/30/20217732N/AN/AN/A3/31/20217731N/AN/AN/A12/31/202077305555N/A12/31/20197918N/AN/AN/A12/31/2018818N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: DCRU 의 연간 예상 수익 증가율(2.5%)이 saving rate(2.6%) 미만입니다.수익 vs 시장: DCRU 의 연간 수익(2.5%)이 SG 시장(7.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: DCRU 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: DCRU 의 수익(연간 1.1%)이 SG 시장(연간 5.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: DCRU 의 수익(연간 1.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: DCRU의 자본 수익률은 3년 후 4.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/15 17:17종가2026/07/15 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Digital Core REIT는 5명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Donald ChuaBofA Global ResearchBrandon I. LeeCitigroup IncDale LaiDBS Bank Ltd2명의 분석가 더 보기
Price Target Changed • Jul 28Price target decreased by 7.1% to US$0.68Down from US$0.73, the current price target is an average from 6 analysts. New target price is 34% above last closing price of US$0.51. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$0.027 for next year compared to US$0.0012 last year.
Price Target Changed • Apr 04Price target decreased by 8.9% to US$0.75Down from US$0.82, the current price target is an average from 6 analysts. New target price is 56% above last closing price of US$0.48. Stock is down 56% over the past year. The company is forecast to post earnings per share of US$0.029 for next year compared to US$0.0012 last year.
공고 • Jun 30Digital Core REIT to Report First Half, 2026 Results on Jul 29, 2026Digital Core REIT announced that they will report first half, 2026 results on Jul 29, 2026
New Risk • Apr 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (26% net profit margin).
공고 • Mar 31Digital Core REIT to Report Q1, 2026 Results on Apr 22, 2026Digital Core REIT announced that they will report Q1, 2026 results After-Market on Apr 22, 2026
Reported Earnings • Mar 29Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$0.037 (down from US$0.16 in FY 2024). Revenue: US$195.0m (up 64% from FY 2024). Net income: US$47.7m (down 77% from FY 2024). Profit margin: 25% (down from 173% in FY 2024). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Revenue is forecast to stay flat during the next 3 years compared to a 4.6% growth forecast for the Specialized REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공고 • Mar 24Digital Core REIT, Annual General Meeting, Apr 15, 2026Digital Core REIT, Annual General Meeting, Apr 15, 2026, at 09:30 Singapore Standard Time. Location: level 4, singapore land tower, 50 raffles place, singapore 048623, Singapore
Declared Dividend • Feb 06Final dividend of US$0.018 announcedShareholders will receive a dividend of US$0.018. Ex-date: 11th February 2026 Payment date: 26th March 2026 Dividend yield will be 6.9%, which is higher than the industry average of 4.0%.
Reported Earnings • Feb 05Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$0.037 (down from US$0.16 in FY 2024). Revenue: US$176.2m (up 69% from FY 2024). Net income: US$47.7m (down 77% from FY 2024). Profit margin: 27% (down from 197% in FY 2024). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 42%. Revenue is expected to decline by 3.6% p.a. on average during the next 2 years, while revenues in the Specialized REITs industry in Asia are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
공고 • Feb 04Digital Core REIT Announces Cash Dividend for the Period from 01 July 2025 to 31 December 2025 , Payable on March 26 , 2026Digital Core REIT announced that the Transfer Books and Register of Unitholders of Digital Core REIT will be closed on 12 February 2026 for the purpose of determining the entitlement of holders of units in Digital Core REIT to Digital Core REIT's distribution of 1.80 U.S. cents per Unit for the period from 01 July 2025 to 31 December 2025 (the "Distribution"), comprising: a) tax-exempt income distribution of 1.64 U.S. cents per Unit; and b) capital distribution of 0.16 U.S. cents per Unit. Unitholders whose securities accounts with the Central Depository (Pte.) Limited ("CDP") are credited with Units at the Record Date will be entitled to the Distribution to be paid on 26 March 2026. Unitholders are reminded to submit the completed tax forms to Digital Core REIT's Unit Registrar - Boardroom Corporate & Advisory Services Pte. Ltd. - at least seven (7) days before the validation deadline of 27 February 2026. Unitholders who do not submit required U.S. tax forms completely and accurately will be subject to 30% withholding tax on the Distribution on 27 February 2026.
공고 • Jan 05Digital Core REIT to Report Fiscal Year 2025 Results on Feb 04, 2026Digital Core REIT announced that they will report fiscal year 2025 results at 5:00 PM, Singapore Standard Time on Feb 04, 2026
Reported Earnings • Oct 23Third quarter 2025 earnings releasedThird quarter 2025 results: EPS: US$0.005. Revenue: US$58.3m (up 77% from 3Q 2024). Net income: US$6.58m (up 27% from 3Q 2024). Profit margin: 11% (down from 16% in 3Q 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Specialized REITs industry in Asia. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공고 • Sep 30Digital Core REIT to Report Q3, 2025 Results on Oct 22, 2025Digital Core REIT announced that they will report Q3, 2025 results After-Market on Oct 22, 2025
Declared Dividend • Jul 25First half dividend of US$0.018 announcedShareholders will receive a dividend of US$0.018. Ex-date: 30th July 2025 Payment date: 18th September 2025 Dividend yield will be 6.7%, which is higher than the industry average of 4.0%.
Reported Earnings • Jul 24Second quarter 2025 earnings released: EPS: US$0.008 (vs US$0.008 in 2Q 2024)Second quarter 2025 results: EPS: US$0.008 (in line with 2Q 2024). Revenue: US$28.9m (up 42% from 2Q 2024). Net income: US$9.99m (flat on 2Q 2024). Profit margin: 35% (down from 49% in 2Q 2024). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Global Specialized REITs industry.
공고 • Jun 30Digital Core REIT to Report First Half, 2025 Results on Jul 23, 2025Digital Core REIT announced that they will report first half, 2025 results on Jul 23, 2025
Reported Earnings • Mar 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$0.16 (up from US$0.097 loss in FY 2023). Revenue: US$104.2m (up 42% from FY 2023). Net income: US$205.4m (up US$314.0m from FY 2023). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Global Specialized REITs industry.
공고 • Mar 28Digital Core REIT to Report Q1, 2025 Results on Apr 23, 2025Digital Core REIT announced that they will report Q1, 2025 results After-Market on Apr 23, 2025
공고 • Mar 26Digital Core REIT, Annual General Meeting, Apr 16, 2025Digital Core REIT, Annual General Meeting, Apr 16, 2025, at 09:00 Singapore Standard Time. Location: ntuc centre, 1 marina boulevard, training room 801, on level 8, one marina boulevard, singapore 018989, Singapore
Declared Dividend • Feb 14Dividend increased to US$0.018Dividend of US$0.018 is 276% higher than last year. Ex-date: 19th February 2025 Payment date: 28th March 2025 Dividend yield will be 5.5%, which is higher than the industry average of 4.0%.
Reported Earnings • Feb 13Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$0.16 (up from US$0.097 loss in FY 2023). Revenue: US$102.3m (up 40% from FY 2023). Net income: US$205.4m (up US$314.0m from FY 2023). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Global Specialized REITs industry.
공고 • Feb 13Digital Core REIT Announces Cash Dividend for the Period from 01 July 2023 to 31 December 2023, Payable on March 28, 2025Digital Core REIT announced that the Transfer Books and Register of Unitholders of will be closed on 20 February 2025 at 5:00 p.m. (the "Record Date") for the purpose of determining the entitlement of holders of units in Digital Core REIT ("Units" and holders of Units, "Unitholders") to Digital Core REIT's distribution of 1.80 U.S. cents per Unit for the period from 01 July 2024 to 31 December 2024, comprising: a) tax-exempt income distribution of 0.18 U.S. cents per Unit; and b) capital distribution of 1.62 U.S. cents per Unit. Unitholders whose securities accounts with the Central Depository (Pte.) Limited are credited with Units at the Record Date will be entitled to the Distribution to be paid on Friday, 28 March 2025.
공고 • Feb 12Digital Core REIT Announces Board and Committee ChangesDigital Core REIT announced key leadership changes designed to underscore Digital Realty's commitment to Digital Core REIT's long-term success and accelerate the growth of its platform across the Asia Pacific region. Serene Nah, Managing Director, Head of APAC for Digital Realty and a non-independent director, will succeed David Lucey as Chairman of the Board of Digital Core REIT Management Pte. Ltd., the manager of Digital Core REIT. Ms. Nah will also be appointed as a member of the Nominating & Corporate Governance Committee to build upon the Board's strong foundation and further align with the REIT's strategic growth priorities. These changes will take effect from 12 February 2025. Ms. Nah is based in Singapore and has had a distinguished career spanning over two decades across infrastructure real estate, technology investment and capital markets. Since joining Digital Realty in January 2023, she has led the Sponsor's strategic initiatives in the Asia Pacific region, solidifying its position as a global data centre leader. Mr. Lucey will continue to serve as a non-independent director of the Manager and as Senior Vice President, Investment/Government Affairs for Digital Realty. Mr. Lucey will continue to serve as a non-independent director of the Manager and as Senior Vice President, Investment/Government Affairs for Digital Realty. Board of Directors + Nominating & Corporate Governance Committee Composition The composition of the Board of Directors and the Nominating & Corporate Governance Committee with effect from 12 February 2025 are as detailed below. There are no changes to the composition of the Audit & Risk Committee or the Remuneration Committee. Board of Directors: Ms. Serene Nah Chairman Non-Independent Non-Executive Director, Mr. John Herbert Lead Independent Non Executive Director, Mr. Tsui Kai Chong Independent Non-Executive Director, Mr. Tan Jeh Wuan Independent Non-Executive Director, Mr. David Lucey Non-Independent Non-Executive Director. Nominating & Corporate Governance Committee: Mr. John Herbert Chairman, Mr. Tsui Kai Chong Member, Ms. Serene Nah Member. About Serene Nah Ms. Nah is based in Singapore and has over two decades of experience in pan-Asia infrastructure real estate and technology investment as well as capital markets, joint ventures, and financial management. Ms. Nah currently serves as Managing Director, Head of Asia Pacific for Digital Realty, where she works with its partners and customers to drive growth and broaden offerings to support the emerging needs of the Asia Pacific region. She joined Digital Realty from Kerry Properties, where she served as Executive Director and Chief Financial Officer in charge of finance, corporate development, strategy, and operations. Previously, Ms. Nah held senior leadership roles in the U.S. and across APAC at companies including Silver Lake Partners, where she served as Head of Asia-Portfolio Management, and General Electric, where she most recently served as CFO of GE Capital Greater China. In addition to her corporate responsibilities, Ms. Nah is actively engaged in the industry and currently holds the position of Vice-Chair at the Asia-Pacific Data Centre Association (APDCA). Ms. Nah holds a Bachelor's degree in Business Studies from The Nanyang Technological University Singapore and has an executive MBA from Kellogg-HKUST.
공고 • Jan 13Digital Core REIT to Report Fiscal Year 2024 Results on Feb 12, 2025Digital Core REIT announced that they will report fiscal year 2024 results on Feb 12, 2025
Reported Earnings • Oct 27Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: US$25.9m (down 17% from 3Q 2023). Net income: US$5.20m (down 38% from 3Q 2023). Profit margin: 20% (down from 27% in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Global Specialized REITs industry.
공고 • Sep 30Digital Core REIT to Report Q3, 2024 Results on Oct 23, 2024Digital Core REIT announced that they will report Q3, 2024 results on Oct 23, 2024
Declared Dividend • Jul 26Dividend reduced to US$0.013Dividend of US$0.013 is 32% lower than last year. Ex-date: 31st July 2024 Payment date: 20th September 2024 Dividend yield will be 6.3%, which is higher than the industry average of 4.0%.
Buy Or Sell Opportunity • Jul 25Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.7% to US$0.59. The fair value is estimated to be US$0.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company became loss making.
공고 • Jul 01Digital Core REIT Management Pte. Ltd. Announces Change of Company SecretariesThe Board of Directors of Digital Core REIT Management Pte. Ltd., in its capacity as manager of Digital Core REIT, announced the resignation of Ms Low Mei Mei, Maureen and Ms Lai Foon Kuen as Joint Company Secretaries of the Company and in their place, the appointment of Ms Shim Gek Nii as Joint Company Secretary of the Company with immediate effect. Following the aforesaid change, the Company Secretaries of the Company are Mr. Lee Tiong Hock and Ms Shim Gek Nii.
공고 • Jun 28Digital Core REIT to Report First Half, 2024 Results on Jul 24, 2024Digital Core REIT announced that they will report first half, 2024 results on Jul 24, 2024
Reported Earnings • Apr 25First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: US$0.008. Revenue: US$24.6m (down 12% from 1Q 2023). Net income: US$8.71m (up 21% from 1Q 2023). Profit margin: 35% (up from 26% in 1Q 2023). Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Global Specialized REITs industry are expected to grow by 4.5%.
공고 • Apr 05Digital Core REIT, Annual General Meeting, Apr 18, 2024Digital Core REIT, Annual General Meeting, Apr 18, 2024, at 09:00 Singapore Standard Time. Location: Bridge+, 79 Robinson Road, Level 2 Singapore Singapore Agenda: To receive and adopt the Trustee's Report, the Manager's Statement, the Audited Financial Statements of Digital Core REIT for the financial period from 1 January 2023 to 31 December 2023 and the Auditors' Report thereon; to re-appoint KPMG LLP as Auditors of Digital Core REIT and authorize the Manager to fix the Auditors' remuneration; to authorize the Manager to issue Units and to make or grant convertible instruments; and to approve the renewal of the Unit Buy-Back Mandate.
공고 • Mar 29Digital Core REIT to Report Q1, 2024 Results on Apr 25, 2024Digital Core REIT announced that they will report Q1, 2024 results After-Market on Apr 25, 2024
New Risk • Feb 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (17% increase in shares outstanding).
공고 • Feb 09Digital Core REIT announced that it expects to receive SGD 134 million in fundingDigital Core REIT announced a private placement of 159,523,810 new units at an issue price between SGD 0.8100 and SGD 0.8400 per new unit, representing a discount of about 8.8% and 5%, respectively for the gross proceeds of SGD 134,000,000.4 on February 7, 2024. The new units under the private placement will be made available to eligible institutional, accredited and other investors. The new units to be issued will increase the number of units in issue by up to 166,667,000, which is an increase of up to 14.8% of the total number of units in issue.
Declared Dividend • Feb 09Dividend of US$0.0048 announcedShareholders will receive a dividend of US$0.0048. Ex-date: 15th February 2024 Payment date: 4th April 2024 Dividend yield will be 6.3%, which is higher than the industry average of 4.0%.
Reported Earnings • Feb 02Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: US$0.097 loss per share (down from US$0.001 profit in FY 2022). Revenue: US$102.6m (up 4.5% from FY 2022). Net loss: US$108.6m (down US$109.9m from profit in FY 2022). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to decline by 4.0% p.a. on average during the next 2 years, while revenues in the Global Specialized REITs industry are expected to grow by 5.0%.
공고 • Feb 01Digital Core REIT Announces Cash Dividend for the Period from 01 July 2023 to 31 December 2023, Payable on 27 March 2024Digital Core REIT will be closed on 9 February 2024 at 5:00 p.m. for the purpose of determining the entitlement of holders of units in Digital Core REIT ("Units" and holders of Units,"Unitholders") to Digital Core REIT's distribution of 1.78 U.S. cents per Unit for the period from 01 July 2023 to 31 December 2023 (the "Distribution"), comprising: (a) tax-exempt income distribution of 0.69 U.S. cents per Unit; and (b) capital distribution of 1.09 U.S. cents per Unit. Unitholders whose securities accounts with The Central Depository (Pte.) Limited ("CDP") are credited with Units at the Record Date will be entitled to the Distribution to be paid on 27 March 2024.
New Risk • Nov 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (7.6% average weekly change).
Board Change • Nov 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Independent Non-Executive Chairman of the Board of Digital Core REIT Management Pte. Ltd David Lucey is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 28Third quarter 2023 earnings released: EPS: US$0.007 (vs US$0.024 loss in 3Q 2022)Third quarter 2023 results: EPS: US$0.007 (up from US$0.024 loss in 3Q 2022). Revenue: US$31.2m (up 79% from 3Q 2022). Net income: US$8.37m (up US$35.6m from 3Q 2022). Profit margin: 27% (up from net loss in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Global Specialized REITs industry.
공고 • Sep 29Digital Core REIT to Report Q3, 2023 Results on Oct 26, 2023Digital Core REIT announced that they will report Q3, 2023 results at 5:00 PM, Singapore Standard Time on Oct 26, 2023
공고 • Sep 06Digital Core Reit Announces Chief Financial Officer Changes, Effective from October 1, 2023Digital Core REIT Board, taking into consideration the credentials, experience and qualifications of Mr. David Craft (Mr Craft), and at the recommendation of the Nominating and Corporate Governance Committee, approved the appointment of Mr. Craft as Chief Financial Officer. Executive. Mr. Craft will work with the Chief Executive Officer and other members of the management team to formulate strategic plans for Digital Core REIT in accordance with the Manager's stated investment strategy. He will be responsible in applying the appropriate capital management strategy, including tax and treasury matters, as well as finance and accounting matters, overseeing implementation of Digital Core REIT's short and medium term business plans, financing activities and financial condition. Working Experience: Senior Director and Vice President of Acquisitions and Investments at Digital Realty Trust (2018 to 2023) Associate, Vice President and Director of Investment Banking at Bank of America Merrill Lynch (2013 to 2018). Professional Qualifications: Bachelor of Science in Finance and a Bachelor of Music Performance from the University of Colorado, Boulder Master of Business Administration, Finance concentration, from the Kenan-Flagler Business School at the University of North Carolina, Chapel Hill. Appointment date: October 1, 2023. Mr. Craft succeeds Daniel Tith, who is returning to the U.S. to lead Global Finance for Digital Realty. In his new role, Mr. Tith will remain closely involved with Digital Core REIT's capital-raising and investment activities, allowing for career development as well as preservation of institutional knowledge to ensure a seamless transition.
공고 • Sep 05+ 1 more updateDigital Core REIT Announces Cessation of Jeffrey Michael Tapley as Chairman and Non-Independent Non-Executive DirectorDigital Core REIT announced cessation of Jeffrey Michael Tapley as Chairman and Non-Independent Non-Executive Director. Mr. Jeffrey Tapley leads the overall management of the Board and ensures that Directors and Management work together, and also guides the Board in the overall strategic direction, management of assets and governance matters. Reason for cessation is Mr. Jeffrey Tapley will relinquish his role as Chairman and Non-Independent Non-Executive Director of Digital Core REIT Management Pte. Ltd. on 1 October 2023 to focus on his expanded responsibilities as Chief Commercial Operations Officer with Digital Realty.
Reported Earnings • Jul 30Second quarter 2023 earnings released: EPS: US$0.002 (vs US$0.024 loss in 2Q 2022)Second quarter 2023 results: EPS: US$0.002 (up from US$0.024 loss in 2Q 2022). Revenue: US$20.7m (up 19% from 2Q 2022). Net income: US$1.90m (up US$29.1m from 2Q 2022). Profit margin: 9.2% (up from net loss in 2Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Global Specialized REITs industry.
Buying Opportunity • Jul 30Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be US$0.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last year. Meanwhile, the company became loss making.
공고 • Jul 29Digital Core REIT Announces Distribution for the Period from 01 January 2023 to 30 June 2023, Payable on 28 September 2023Digital Core REIT announced distribution of 1.92 U.S. cents per Unit for the period from 01 January 2023 to 30 June 2023. The Transfer Books and Register of Unitholders of Digital Core REIT will be closed on 4 August 2023 for the purpose of determining the entitlement of holders of units in Digital Core REIT. Tax-exempt income distribution of 0.70 U.S. cents per Unit; and capital distribution of 1.22 U.S. cents per Unit. Unitholders whose securities accounts with The Central Depository (Pte.) Limited are credited with Units at the Record Date will be entitled to the Distribution to be paid on 28 September 2023.
Price Target Changed • Jul 28Price target decreased by 7.1% to US$0.68Down from US$0.73, the current price target is an average from 6 analysts. New target price is 34% above last closing price of US$0.51. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$0.027 for next year compared to US$0.0012 last year.
공고 • Jul 22Digital Core Reit Management Pte. Ltd. Announces Joint Company Secretary ChangesThe Board of Directors of Digital Core REIT Management Pte. Ltd. (company) in its capacity as manager of Digital Core REIT, announced the resignation of Ms Han RuiYun as Joint Company Secretary of the Company and in her place, the appointment of Ms Lai Foon Kuen as Joint Company Secretary of the Company with immediate effect. Following the aforesaid change, the Company Secretaries of the Company are Mr. Lee Tiong Hock, Ms Low Mei Mei, Maureen and Ms Lai Foon Kuen.
Reported Earnings • Apr 27First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: US$26.8m (up 39% from 1Q 2022). Net income: US$7.18m (down 6.5% from 1Q 2022). Profit margin: 27% (down from 40% in 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.7% growth forecast for the Global Specialized REITs industry.
Price Target Changed • Apr 04Price target decreased by 8.9% to US$0.75Down from US$0.82, the current price target is an average from 6 analysts. New target price is 56% above last closing price of US$0.48. Stock is down 56% over the past year. The company is forecast to post earnings per share of US$0.029 for next year compared to US$0.0012 last year.
공고 • Feb 03Digital Core REIT Announces Distribution for the Period from July 01, 2022 to December 31, 2022, Payable on March 31, 2023Digital Core REIT Management Pte. Ltd., as manager of Digital Core REIT, announced that the transfer books and register of unitholders of Digital Core REIT will be closed on February 10, 2023 at 5:00 p.m. (the ‘Record Date’) for the purpose of determining the entitlement of holders of units in the company (‘Units’ and holders of Units, ‘Unitholders’) to Digital Core REIT's distribution of 1.92 U.S. cents per unit for the period from 01 July 2022 to 31 December 2022 (the ‘Distribution’), comprising: (a) tax-exempt income distribution of 1.21 U.S. cents per unit; and (b) capital distribution of 0.71 U.S. cents per unit. Unitholders whose securities accounts with The Central Depository (Pte.) Limited (‘CDP’) are credited with units at the record date will be entitled to the distribution to be paid on March 31, 2023.
Buying Opportunity • Jan 10Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be US$0.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings is forecast to decline by 13% per annum over the same time period.
공고 • Jan 04Digital Core REIT to Report Fiscal Year 2022 Results on Feb 02, 2023Digital Core REIT announced that they will report fiscal year 2022 results at 5:00 PM, Singapore Standard Time on Feb 02, 2023
공고 • Dec 30Digital Core REIT Announces Change of Joint Company SecretariesThe Board of Directors of Digital Core REIT Management Pte. Ltd., in its capacity as manager of Digital Core REIT, announced the resignation of Ms Yvonne Ang Ruey Shya as Joint Company Secretary of the Company and in her place, the appointment of Ms Maureen Low Meimei and Ms Sheena Han RuiYun as Joint Company Secretaries of the Company with immediate effect.
공고 • Dec 02Digital Core REIT (SGX:DCRU) completed the acquisition of 25% interest in freehold data centre in Frankfurt from Digital Realty Trust, L.P.Digital Core REIT (SGX:DCRU) entered into an agreement to acquire a 25% interest in freehold data centre in Frankfurt from Digital Realty Trust, L.P. for $140 million in September 22, 2022. In related transaction, Digital Core REIT will acquire a 90% interest in an institutional quality freehold data center in Dallas, Texas for $179 million. Digital Core REIT has an the option to acquire up to an 89.9% interest in the Frankfurt facility. Digital Core REIT will fund the trasncation by external bank borrowings without an equity fund raising. In the event the equity fundraising does not occur, Digital Core REIT will pursue a 100% debt-funded transaction, pursuant to which Digital Core REIT will acquire a 25% interest in the Frankfurt facility and will not acquire any interest in the Dallas data centres. Ernst & Young Global Services LLP acted as accountant to Digital Realty Trust, L.P. Latham & Watkins, Bird & Bird and Shooklin & Bok advised in this transaction. Constantijn Voogt and Wiebe Dijkstra of De Brauw Blackstone Westbroek N.V. advised in this transaction. Deloitte & Touche Corporate Finance Pte Ltd. acted as fairness opinion provider to Audit and Risk Committee of Manager of Digital Core REIT (SGX:DCRU). Digital Core REIT (SGX:DCRU) completed the acquisition of 25% interest in freehold data centre in Frankfurt from Digital Realty Trust, L.P. on December 1, 2022.
Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Independent Non-Executive Director of Digital Core REIT Management Pte. Ltd David Lucey is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공고 • Oct 13Digital Core REIT to Report Q3, 2022 Results on Oct 26, 2022Digital Core REIT announced that they will report Q3, 2022 results at 5:00 PM, Singapore Standard Time on Oct 26, 2022
공고 • Sep 24Digital Core REIT (SGX:DCRU) entered into an agreement to acquire a 25% interest in freehold data centre in Frankfurt from Digital Realty Trust, L.P. for $140 million.Digital Core REIT (SGX:DCRU) entered into an agreement to acquire a 25% interest in freehold data centre in Frankfurt from Digital Realty Trust, L.P. for $140 million in September 22, 2022. In related transaction, Digital Core REIT will acquire a 90% interest in an institutional quality freehold data center in Dallas, Texas for $179 million. Digital Core REIT has an the option to acquire up to an 89.9% interest in the Frankfurt facility. Digital Core REIT will fund the trasncation by external bank borrowings without an equity fund raising. In the event the equity fundraising does not occur, Digital Core REIT will pursue a 100% debt-funded transaction, pursuant to which Digital Core REIT will acquire a 25% interest in the Frankfurt facility and will not acquire any interest in the Dallas data centres.
공고 • Jul 29Digital Core REIT Announces Cash Dividend for the Period Ended June 30, 2022, Payable on September 28, 2022NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of Digital Core REIT will be closed on 05 August 2022 at 5.00 p.m. for the purpose of determining the entitlement of holders of units in Digital Core REIT ("Units" and holders of Units, "Unitholders") to Digital Core REIT's distribution of 2.37 US cents per Unit for the period from 6 December 2021 (Listing Date) to 30 June 2022 (the "Distribution") comprising: tax-exempt income distribution of 1.52 US cents per Unit; and capital distribution of 0.85 US cents per Unit. Unitholders whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with Units at the Books Closure Date will be entitled to the Distribution to be paid on 28 September 2022.
공고 • Jul 15Digital Core REIT to Report Q2, 2022 Results on Jul 28, 2022Digital Core REIT announced that they will report Q2, 2022 results After-Market on Jul 28, 2022
Board Change • Apr 27High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Independent Non-Executive Director of Digital Core REIT Management Pte. Ltd David Lucey is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Buying Opportunity • Feb 03Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be US$1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year.
Buying Opportunity • Jan 18Now 22% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be US$1.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year.