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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
Strong 2025 revenue rebound
The sharp 2025 revenue recovery indicates renewed operating momentum across the data center portfolio. Sustained lease demand and contracted rental income could support further growth if occupancy and renewals remain resilient.
Negative Factors
Rising debt burden
Higher borrowings increase exposure to refinancing costs and interest-rate pressure, potentially reducing distributable income. Leverage remains workable for a REIT, but a weaker operating environment could constrain financial flexibility and asset investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong 2025 revenue rebound
The sharp 2025 revenue recovery indicates renewed operating momentum across the data center portfolio. Sustained lease demand and contracted rental income could support further growth if occupancy and renewals remain resilient.
Read all positive factors
Digital Core REIT (DCRU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
$647.20M
Dividend Yield3.56%
Average Volume (3M)4.17M
Price to Earnings (P/E)12.7
Beta (1Y)0.51
Revenue Growth19.03%
EPS Growth-77.24%
CountrySG
Employees3,000
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)0.04
Shares Outstanding1,281,593,900
10 Day Avg. Volume3,617,600
30 Day Avg. Volume4,166,112
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$0.70Price Target Upside40.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.04
Revenue Forecast (FY)$163.22M
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
Positive
0.50
Price Trends
0.49
Positive
0.49
Positive
0.48
Positive
Market Momentum
<0.01
Positive
51.11
Neutral
23.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:DCRU, the sentiment is Positive. The current price of 0.5 is above the 20-day moving average (MA) of 0.50, above the 50-day MA of 0.49, and above the 200-day MA of 0.48, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.11 is Neutral, neither overbought nor oversold. The STOCH value of 23.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $647.20M | 12.72 | 4.29% | 7.23% | 19.03% | -77.24% | |
63 Neutral | $304.09M | 12.22 | 5.55% | 8.44% | 2.71% | -14.82% | |
57 Neutral | $215.62M | 12.82 | 2.16% | 2.40% | -1.67% | 461.90% | |
54 Neutral | $180.69M | 43.25 | 0.60% | 1.41% | 3.79% | ― | |
50 Neutral | $133.42M | -5.04 | -6.67% | 5.06% | -3.80% | -16.28% | |
47 Neutral | S$225.93M | -1.77 | -13.02% | 8.37% | -21.22% | -1083.67% |
* Real Estate Sector Average
SG:DCRU
Digital Core REIT
0.51
0.02
4.55%
SG:UD1U
IREIT Global
0.17
-0.10
-37.78%
SG:OXMU
Prime US REIT
0.15
-0.03
-16.67%
SG:XZL
ARA US Hospitality Trust
0.23
-0.06
-21.77%
SG:CMOU
Kore US Reit
0.17
-0.05
-23.79%
SG:ODBU
United Hampshire US Real Estate Investment Trust
0.50
0.04
7.76%
Digital Core REIT Corporate Events
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...
Digital Core REIT Issues Qualified Notice on U.S. Withholding Tax Exception
Jun 30, 2026
Digital Core REIT has issued a Qualified Notice under U.S. Treasury regulations confirming that an exception to withholding tax rules applies to transfers of its units over a specified 92-day period. The REIT certifies that it was not engaged in a...
Digital Core REIT Targets AI-Driven Growth with Strong Balance Sheet and Global Pipeline
Jun 22, 2026
Digital Core REIT reported that it is expanding sellable capacity by 13% and highlighted that artificial intelligence-driven digital spending is expected to support continued growth in demand for its data centres. The trust maintains a weighted av...
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.