Lease AgreementsDCREIT signed new and renewal leases representing more than 90% of its portfolio and generated a positive rental reversion of 4.3%.
Market DemandDemand for data centres in key markets remains robust with the lack of available capacity, benefiting DCREIT due to its presence in these key markets throughout the US, Canada, and Europe.
Occupancy And Rent IncreasesThe completion of backfilling at the Toronto data centre restored occupancy from 66% to 100% and is expected to significantly increase the annualised rent.