Digital Core REIT (DCRU) Investor presentation summary

Portfolio and market positioning

• Pro forma portfolio: US$1.8B AUM, 10 data centres, 99% occupancy, 5.0-year WALE and 99% freehold assets.

• Data-centre CapEx is forecast to rise from US$0.8T in 2026 to US$1.8T in 2050; AI is projected to account for 50% of workloads by 2030.

• Singapore demand exceeded new supply by ~60% over 2023–2027F; market vacancy was ~2%, with colocation revenue forecast at US$4.4B by 2030.

• New and renewal leases signed in 9M26 generated US$6.1M annualised rent and 23% cash rental reversion.

Portfolio transaction and capital allocation

• Proposed US asset sales and Singapore and Osaka investments are designed to deliver DPU accretion, reduce debt and double APAC concentration.

• The transaction includes acquiring a 2.5% interest in Singapore’s 11 Loyang Close and an additional 25% interest in Osaka’s KIX12; KIX12 ownership is shown at 45% post-transaction.

• Pro forma aggregate leverage is 36.3%, versus 39.2% as reported for 2Q26; FY2025 DPU rises from 3.60 cents to 4.16 cents pro forma for the Linton Hall lease-up.

• Repurchased US$40M of units at a 27% discount to NAV, with 450 bps of accretion indicated; 27.4M units were repurchased year to date at an average US$0.502, delivering 1.0% DPU accretion.

Operating performance and outlook

• 9M26 distributable income was US$34.8M, down 1.1% YoY; NPI declined 4.3% and cash NPI fell 5.4%, primarily due to the Linton Hall redevelopment.

• Management’s 2027 outlook as of 27 October 2026 indicated positive mid-single-digit cash rental reversion, occupancy movement of +/-50 bps and an average interest rate of 3.25%–3.75%.

• 2027 DPU guidance was 4.15–4.25 cents; the Linton Hall lease-up underpins a mid-teens growth forecast.

• Linton Hall construction was substantially complete, customer fit-out was in progress and lease commencement was on track for 1 December 2026.