Digital Core REIT’s Strategic First Quarter Moves

Digital Core REIT (SG:DCRU) has released an update.

Digital Core REIT has made significant strides in the first quarter of 2024, overcoming the bankruptcy of a major customer by selling two properties and generating $160 million. The company also raised an additional $120 million through a private placement and enhanced its financial position by acquiring a greater stake in its Frankfurt facility at a discount, as well as amending a credit agreement to pay down debt.

For further insights into SG:DCRU stock, check out TipRanks’ Stock Analysis page.