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Digital Core REIT
(SGX:DCRU)
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Rating:64Neutral
Price Target:
$0.56
▲(11.20% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by decent but uneven financial performance: a strong 2025 rebound and improved operating cash flow are offset by multi-year volatility, rising leverage, and a 2025 free-cash-flow drop to zero. Valuation is a meaningful positive (moderate P/E and high dividend yield). Technicals are neutral overall, with the price hovering around key moving averages and only slightly negative MACD.
Positive Factors
Data Center Focus
Concentration in data center real estate gives DCRU exposure to specialized infrastructure demand while long-term leases can provide recurring contracted rental income. This business model supports revenue visibility over the next several quarters, provided occupancy and tenant credit quality remain stable.
Negative Factors
Rising Leverage
The substantial increase in debt raises DCRU’s financial exposure and can increase interest and refinancing burdens over time. Higher leverage leaves less flexibility to absorb weaker operating results or fund portfolio needs, making balance-sheet resilience more dependent on sustained rental income.
Read all positive and negative factors
Positive Factors
Negative Factors
Data Center Focus
Concentration in data center real estate gives DCRU exposure to specialized infrastructure demand while long-term leases can provide recurring contracted rental income. This business model supports revenue visibility over the next several quarters, provided occupancy and tenant credit quality remain stable.
Read all positive factors
Digital Core REIT (DCRU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
$561.70M
Dividend Yield8.18%
Average Volume (3M)2.64M
Price to Earnings (P/E)11.1
Beta (1Y)0.56
Revenue Growth19.03%
EPS Growth-77.24%
CountrySG
Employees3,000
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)0.04
Shares Outstanding1,276,593,900
10 Day Avg. Volume3,278,840
30 Day Avg. Volume2,637,133
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)0.62
Price to Sales (P/S)3.78
P/FCF Ratio0.00
Enterprise Value/Market Cap3.09
Enterprise Value/Revenue8.35
Enterprise Value/Gross Profit16.25
Enterprise Value/Ebitda47.24
Forecast
1Y Price Target
$0.60Price Target Upside20.60% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.04
Revenue Forecast (FY)$163.48M
Digital Core REIT Business Overview & Revenue Model
Company Description
Digital Core REIT functions as a specialized real estate investment trust (REIT), dedicated to the acquisition, development, ownership, and management of data centers. Its portfolio currently comprises ten crucial data centers, strategically situa...
How the Company Makes Money
DCRU makes money primarily by collecting contracted rental income from its data center properties under lease agreements with its tenants. Revenue is typically generated through (1) base rent/lease payments for the use of the data center buildings...
Digital Core REIT Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 207.73M | 176.15M | 102.27M | 108.70M | 116.49M | 76.62M |
| Gross Profit | 106.72M | 77.77M | 55.37M | 61.72M | 76.47M | 31.88M |
| EBITDA | 36.72M | 73.94M | 327.21M | 57.61M | 55.58M | 53.22M |
| Net Income | 45.31M | 47.70M | 205.38M | -108.58M | 1.54M | 29.54M |
Balance Sheet | ||||||
| Total Assets | 2.29B | 2.25B | 2.01B | 1.51B | 1.61B | 1.45B |
| Cash, Cash Equivalents and Short-Term Investments | 40.46M | 30.55M | 44.12M | 12.10M | 26.66M | 4.00M |
| Total Debt | 833.50M | 791.08M | 653.84M | 555.49M | 495.03M | 348.07M |
| Total Liabilities | 973.06M | 909.80M | 735.29M | 589.41M | 535.54M | 355.58M |
| Stockholders Equity | 1.05B | 1.07B | 1.04B | 790.48M | 934.89M | 949.51M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 0.00 | 56.03M | 40.93M | 76.22M | 41.40M |
| Operating Cash Flow | 0.00 | 71.83M | 56.03M | 40.93M | 76.22M | 54.75M |
| Investing Cash Flow | 0.00 | -105.30M | -45.67M | -50.91M | -1.45B | -936.33M |
| Financing Cash Flow | 0.00 | 19.90M | 20.09M | -3.59M | 1.41B | 909.81M |
Digital Core REIT Technical Analysis
Negative
0.50
Price Trends
0.47
Negative
0.48
Negative
0.48
Negative
Market Momentum
>-0.01
Negative
40.54
Neutral
62.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:DCRU, the sentiment is Negative. The current price of 0.5 is above the 20-day moving average (MA) of 0.44, above the 50-day MA of 0.47, and above the 200-day MA of 0.48, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.54 is Neutral, neither overbought nor oversold. The STOCH value of 62.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:DCRU.
Digital Core REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $561.70M | 11.08 | 4.29% | 8.18% | 19.03% | -77.24% | |
61 Neutral | $262.41M | 10.51 | 5.55% | 10.37% | 2.71% | -14.82% | |
57 Neutral | $153.81M | 9.15 | 2.16% | 9.23% | -1.67% | 461.90% | |
54 Neutral | $154.58M | 37.00 | 0.60% | 4.36% | 3.79% | ― | |
51 Neutral | S$223.24M | -1.81 | -19.76% | 6.66% | -21.22% | -1083.67% | |
48 Neutral | $130.52M | -4.93 | -6.67% | 3.78% | -3.80% | -16.28% |
* Real Estate Sector Average
SG:DCRU
Digital Core REIT
0.44
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Digital Core REIT Corporate Events
Digital Core REIT pivots portfolio with maiden Singapore data centre stake and asset sales
Oct 16, 2026
Digital Core REIT has outlined plans for its first expansion into Singapore by acquiring a 2.5% stake in the SIN12 data centre, known as Digital Loyang 2, in a transaction that will increase Asia Pacific assets from 11% to 22% of AUM while trimmin...
Digital Core REIT Seeks Unitholder Backing for Portfolio Pivot Toward APAC Data Centres
Oct 13, 2026
Digital Core REIT has called an extraordinary general meeting in Singapore on 22 October 2026 to seek unitholders’ approval for a major interested person transaction involving the divestment of large stakes in three North American data centr...
Digital Core REIT Banks on AI Demand and Sponsor Support to Unlock Value
Oct 12, 2026
Digital Core REIT is capitalising on strong data centre fundamentals, particularly in constrained markets such as Singapore, where tight government control on new supply and rising rents support embedded growth. The trust has leveraged its sponsor...
Digital Core REIT Bets on AI Data Centre Boom to Drive 2027 Growth
Oct 12, 2026
Digital Core REIT has outlined how accelerating AI-driven demand for data centres through 2050, coupled with power-constrained new supply, is expected to support leasing momentum and pricing for its global portfolio, with Singapore highlighted as ...
Digital Core REIT Issues Qualified Notice on U.S. Withholding Exception and Investor Trading Terms
Sep 30, 2026
Digital Core REIT has issued a qualified notice under U.S. Treasury regulations confirming that an exception to certain withholding requirements applies to transfers of its interests for a specified 92-day period. The exception is based on the REI...
Digital Core REIT pivots portfolio toward APAC with data centre reshuffle
Sep 14, 2026
Digital Core REIT has outlined a strategic capital recycling plan that shifts its portfolio towards Asia-Pacific while strengthening its balance sheet. The REIT will sell majority interests in data centres in Toronto, Los Angeles and Northern Virg...
Digital Core REIT Eyes 2027 DPU Growth as Linton Hall Lease Kicks In
Jul 30, 2026
Digital Core REIT reported flat distribution per unit for the first half of 2026, declaring 1.80 U.S. cents as it offset lost rental income from its Linton Hall facility through leasing, investments and conservative financing. Portfolio occupancy ...
Digital Core REIT outlines tax treatment and risks for upcoming 1H26 distribution
Jul 29, 2026
Digital Core REIT has declared a first-half 2026 distribution of 1.80 U.S. cents per unit, comprising U.S. source portfolio interest, return of capital, and non-U.S. source income, while certifying that none of the payout is subject to U.S. effect...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.