Digital Core REIT’s property net income down 3.7% YoY in 9M23
Its AUM was at US$1.59b.
Real estate firm, Digital Core REIT, revealed that its net property income (NPI) fell 3.7% year-on-year to US$51.0m in the nine months to September.
However, this NPI is 2.2% higher than the expected NPI of the firm in 9M2023.
Its AUM was at US$1.59b whilst its occupancy rate is at 97%, as of September.
The majority of its metro diversification share comes from Northern Virginia at 34%. This was followed by Silicon Valley (31%), Toronto (15%), Frankfurt (14%), and Los Angeles (6%).