Digital Core REIT has announced that one of its main tenant has not exercised its option to renew the lease:

The building, a fully-fitted, one-storey hyperscale data centre, is wholly-occupied by this customer, which contributed some 11% of annualised rent as at Sept 30, 2024.

According to the REIT manager, every month of downtime is expected to reduce its distribution per unit (DPU) by about 0.06 cents.