Digital Core REIT announced its third-quarter 2025 operational update, stating that global data-centre fundamentals tightened further as artificial-intelligence workloads drove demand amid equipment, labour and power constraints.

The trust recorded a 280-basis-point rise in occupancy at its two Los Angeles assets during the quarter, with renewal leases showing a cash rental reversion of +3.0%. For the nine months to Sep, 30 2025, the weighted-average cash rental reversion stood at +143%.

At 8217 Linton Hall, Virginia, a triple-net lease with a single AAA-rated cloud customer expired on Jun, 30 2025. The facility was taken out of service in the third quarter for a comprehensive refurbishment that is expected to last about 12 months, after which the property is scheduled to return to service in the second half of 2026. Excluding Linton Hall, in-service portfolio occupancy remained 98% as of Sep, 30 2025; including the asset, total portfolio occupancy would have been 81%.

Management said Northern Virginia’s vacancy rate is below 0.5%, and discussions with hyperscale, enterprise and next-generation cloud customers are under way, targeting a re-lease within six months of the asset’s ready-for-service date.

Digital Core REIT reported leverage in its 35%–40% target range, with 100% unsecured debt and more than 85% of borrowings hedged. The trust held over 25 million Singapore dollars in cash and had more than 200 million Singapore dollars available on its credit line, with a weighted-average debt maturity of roughly four years.