NTT DC REIT (NTDU) investor relations material

1Q FY26/27 key highlights

• Distributable income exceeded IPO projection by 10.6% due to proactive cost management and higher net property income.

• Portfolio occupancy rose to 95.9%, with committed leases expected to lift occupancy to 99.2%.

• Rental reversion was strong at +13.4%, with lease renewals securing US$718k in monthly base rent.

• Portfolio remains 100% unencumbered, with aggregate leverage at 31.0% and no debt maturities in the next two years.

• Management is considering changes to the fee structure to better align with unitholders, targeting an EGM by 3Q FY26/27.

Financial performance

• Net property income reached US$27.9m, 5.0% above IPO projection, driven by lower taxes, operational costs, and favorable FX.

• Distributable income was US$22.6m, 10.6% above projection; profit attributable to unitholders turned positive at US$394k.

• Gross revenue was slightly below projection at US$58.1m, but expenses were managed efficiently.

Portfolio and operational updates

• Six assets across the U.S., EMEA, and APAC valued at US$1,670.2m, with a design IT load of 90.7MW.

• Weighted average lease expiry (WALE) is 4.3 years, with 81.4% of assets freehold and 100% Tier-III equivalent.

• Top 10 customers (excluding sponsor) account for 61.4% of base rent, with an average fixed escalation of 3.1%.

• Lease expiry is well-staggered, with only 14% of base rent expiring in FY26/27.