Digicore reits share price losing value.

Digital Core REIT's share price has been on a decline, and there are several factors at play:

1. **Interest Rate Impact**: The rising interest rates have affected REITs as they typically borrow to fund real estate investments, and higher interest rates lead to increased financing costs.
2. **Bankruptcy of a Major Tenant**: The bankruptcy of Digital Core REIT's fifth-largest customer, which occupied a significant portion of the capacity in Toronto, has negatively impacted the REIT's rental income. Although the customer remained current on its rental obligations through April, the potential loss of this tenant's rental income is a concern.
3. **Sponsor Concerns**: There may be misalignment of interests with the sponsor, especially if the assets are in longer-term decline. The shift in the profile of data centers, with potential competition from hyperscalers building their own data centers, could be a factor.
4. **Market Sentiment**: The overall sentiment towards data center REITs has been bearish, with some investors viewing them as overvalued and potentially facing a period of declining revenue and earnings growth.

In conclusion, the decline in Digital Core REIT's share price can be attributed to a combination of interest rate increases, the bankruptcy of a major tenant, potential misalignment with the sponsor, and overall market sentiment towards data center REITs.