SGX:DCRUSpecialized REITs
Digital Core REIT (SGX:DCRU) One-Off Gain Drives Profit, Raising Doubts on Earnings Quality
Digital Core REIT (SGX:DCRU) just crossed into profitability, reporting net profit margins on the rise over the last year and an average annual earnings growth of 28.3% across the past five years. Notably, recent results include a major one-off gain of $251.6 million in the last twelve months, complicating comparison to prior periods and raising questions over the quality of earnings. While shares are trading below an internal fair value estimate at $0.51, future earnings are forecast to...