NTT DC REIT (NTDU) investor relations material

Executive summary

• Outperformed IPO forecast with strong operational execution and positive FX impact, resulting in higher NPI, distributable income, and DPU year-over-year.

• Portfolio valuation rose 11.3% to US$1,670.2m, reflecting robust asset appreciation.

• Achieved strong leasing momentum, with portfolio occupancy at 95.1% and committed occupancy at 98.5%.

• Secured a 23% rental uplift and 5% annual escalations on the SG1 Master Services Agreement renewal, extending to a 3-year lease term.

Financial highlights

• Gross revenue increased 2.5% year-over-year to US$164.8m, driven by higher tenant fit-out income, colocation revenue, and favorable FX.

• Net property income (NPI) up 2.3% to US$74.9m; distributable income up 2.5% to US$57.5m.

• Distribution per unit (DPU) rose 2.6% to 5.56 US cents.

• Net asset value per unit increased 20% to US$1.14 as of 31 Mar 2026.

Outlook and guidance

• Targeting further alignment with unitholders via a potential management fee structure change, with EGM planned by 3Q FY26/27.

• Plans to leverage sponsor’s ROFR pipeline for accretive acquisitions and long-term value creation.