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.

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