Shares & Derivatives
DigiCore REIT Potential 2nd Major Tenant Potential Bankruptcy Crisis Temporary Postponed to April 2024.
By Investment Income for Life  •  March 22, 2023
I do not want to be a busybody but I thought that it is rather interesting that Professor Mak Yuen Teen from NUS Business School, who specialises in corporate governance and ethics, wrote recently about Digital Core REIT ("DIGITAL CORE REIT: ANOTHER FOREIGN REIT ON A BUMPY RIDE") on 17 March 2023. So I should document it here for my personal future reference as well as to share with folks who are interested to read more about it. Then on 20 March 2023, John Stewart, Chief Executive officer, of Digital Core REIT ("DCR") subsequently responded to the various articles including from Prof Mak relating to the financial crisis of its 2nd largest customer, Cyxtera Technologies.
  1. Updates on potential default of Cyxtera Technologies, 2nd largest tenant, making up 22.6% of DCR's rental income. Basically, on 16 March 2023, Cyxtera has announced that it has entered into an agreement with its lender to extend the maturity date of its 2023 debt maturity to April 2024
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By Investment Income for Life
I am an Accountant by training and is currently working in a global MNC in the Supply Chain industry. During my free time, I enjoy reading up on topics such as stock investing, insurance planning and property investment. Since 2012, I have started penning down my thoughts on certain financial matters while striving to achieve financial independence.

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