Digital Core REIT (SG:DCRU) has released an update.
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Digital Core REIT has reported mixed results for the first half of 2024, with a slight uptick in its latest distribution, which is a modest 1% increase from the previous period, yet down by 6% year-over-year. The company has actively expanded its portfolio by acquiring a further 24.9% stake in its Frankfurt facility and has bought back 14.6 million units below NAV, aiming to create value while maintaining manageable leverage levels. Additionally, a recent restructuring in Japan is expected to enhance tax efficiency for future investments.
For further insights into SG:DCRU stock, check out TipRanks’ Stock Analysis page.
