Digital Core REIT's (SGX:DCRU) distribution per unit (DPU) for the second half of 2024 rose 1.1% to $0.0180 from $0.0178 a year prior, a Wednesday filing with the Singapore Exchange stated.
Analysts polled by Visible Alpha estimated diluted earnings per share of SG$0.024.
Distributable income to unitholders rose 17% to $23.4 million from $20.0 million a year earlier.
Net property income was up 13% to $31.4 million from $27.9 million.
Gross revenue was up 10% year over year to $54.0 million from $49.2 million, mainly due to new and renewed leases.
The REIT maintained a 97% portfolio occupancy during the period.
Shares of the REIT were up nearly 3% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.