Digital Core REIT’s NPI down 2.3% YoY in Q1
Its net property income (NPI) declined to US$17.4m ($23.2m).
Real estate firm, Digital Core REIT, revealed that its NPI fell 2.3% year-on-year to US$17.4m ($23.2m) in the first quarter (Q1) of 2023.
However, this NPI is 5% higher than the expected NPI of the firm in Q1 2023.
Its AUM was at $2.01b (US$1.58b) whilst its occupancy rate is at 97%, as of March 2023.
Amongst its goals are strengthening its existing portfolio and backfilling remaining vacancy in Toronto.