Digital Core REIT Increases Stake in Osaka Property

News about Digital Core REIT

Digital Core REIT is buying an extra 10% share of data centre in Osaka, Japan for about S$68.9 million:

The data centre is a freehold facility comprising 114,940 square feet of net rentable space with an occupancy of 95 per cent, as at Dec 31, 2023. The manager noted that the facility is predominantly leased to leading global cloud providers.

Digital Core REIT
Price0.595 USD
NAV0.670 USD
Yield (4 quarters)6.22%
Gearing33.5%