Digital Core REIT (DCRU) Investor presentation summary

Business and operational update

• Achieved US$11.7 million distributable income in 1Q26, supported by strong AI and digital economy trends driving demand for data centers.

• Expanded sellable capacity at Linton Hall by 13%, resulting in a 35% increase over previous net rent.

• Maintained 97% occupancy and 4.4 years WALE, with 80% of debt at fixed rates and 3.5 years weighted average debt maturity.

• Repurchased 7.1 million units at an average price of $0.486, delivering 0.3% DPU accretion.

• Aggregate leverage at 39.0% with $428 million debt headroom at 50% leverage.

Portfolio overview

• Portfolio comprises 11 data centers across the US, Canada, Germany, and Japan, with $1.8 billion AUM and 100% freehold assets.

• Customer base exceeds 120, with top 10 customers accounting for 79% of annualized rent, primarily investment grade.

• Weighted average lease expiry is 4.4 years, with 97% occupancy and diversified lease expiration schedule.

• Portfolio includes a mix of fully-fitted, shell & core, and colocation properties, with significant exposure to hyperscale and cloud service providers.

Financial overview

• Revenue for 1Q26 was $44.1 million, with net property income of $21.3 million and distributable income of $11.7 million.

• Net asset value per unit stood at $0.79, with unit price at $0.485 as of March 2026.

• Aggregate leverage at 39.0%, average cost of debt at 3.5%, and interest coverage ratio at 3.3x.

• Debt maturity profile is well-staggered, with 80% fixed rate and 100% unsecured debt.