Digital Core REIT has reported a distribution per unit of 1.80 US cents (2.30 cents) for the 1HFY2025 ended June 30, no change from the same period a year ago.

The REIT reported a net property income of US$46.3 million ($59.15 million) for the 1HFY2025, up 52.2% y-o-y. Gross revenue for the period came in at US$88.9 million, up 84.2% y-o-y.

The REIT says that the y-o-y overall increase in gross revenue, property expenses and net property income is largely attributable to the acquisition of an incremental 15.1% interest in the Frankfurt facility in December 2024.

Meanwhile, the 1HFY2025 actual DPU of 1.80 US cents was calculated based on 1,298,543,718 units as at June 30, while the 1HFY2024 DPU of 1.80 US cents was comprised of a 0.48 US cent Advance Distribution paid for the period from Jan 1, 2024 to Feb 19, 2024 (based on 1,124,709,564 units) and a distribution of 1.32 US cents for the period from Feb 20, 2024 to June 30, 2024 (based on 1,302,138,623 units).

As at June 30, the REIT had US$675 million of total debt outstanding, 100% of which is unsecured, and aggregate leverage was 38.3%.

The y-t-d weighted average cost of debt excluding amortisation of upfront debt fees was 3.6% and the weighted average debt maturity was 4.2 years.

The REIT established a US$750 million Euro Medium-Term Note (EMTN) Programme in March, and in April it priced an inaugural issuance of JPY10 billion of 1.97% Fixed Rate Notes due 2030 under the EMTN programme. The net proceeds from the issuance were used to fund the acquisition of the 20% interest in the Osaka data centre.

The REIT’s portfolio comprised 11 mission-critical facilities concentrated in core data centre markets across the United States, Canada, Germany and Japan. Portfolio occupancy improved 130 basis points in the first half of 2025, to 98.0% as at June 30.

Units in Digital Core REIT closed 0.5 US cents lower or 0.893% down at 55 US cents on July 23.