The manager of Digital Core REIT has reported a distributable income of US$11.7 million ($15.33 million) for the 1QFY2025 ended March 31, 2025, up 9.9% y-o-y.

The REIT's revenue for this quarter came in 79.9% y-o-y higher at US$44.2 million, up from the US$24.6 million reported in the same period a year ago.

Net property income stood at US$22.4 million, up 41.8% y-o-y, while profit for the period came in at US$5.37 million, down 47.1% y-o-y.

The REIT's earnings, or profit attributable to unitholders for 1QFY2025 came in at US$2.1 million, down from the US$8.7 million reported in the corresponding period.

As at March 31, 2025, the REIT's portfolio occupancy is 98%. Its weighted average lease expiry stood at 4.7 years, and aggregate leverage is 38%.

The REIT completed an acquisition of 20% interest in a second data centre on its sponsor's Osaka connected data centre campus in this quarter, and repurchased 1.8 million units at an average price of 56.5 US cents in 1QFY2025.

The REIT's assets under management as at March 31, 2025 stood at US$1.7 billion, across 11 data centres.

Units in Digital Core REIT closed 0.5 US cents higher or 1.064% up at 47.5 US cents on Apr 23.