Digital Core REIT (DCRU) Investor presentation summary

Strategic initiatives and portfolio enhancement

• Executed capital recycling by selling interests in North American assets and reinvesting in APAC, notably Singapore and Osaka, to improve portfolio quality and double APAC concentration.

• Acquisitions in Singapore and Osaka provide exposure to high-growth digital infrastructure markets, with the Singapore asset being a fully stabilized, blue-chip-leased facility and the Osaka asset offering 100% occupancy and significant IT load.

• Divestments reduce near-term CapEx exposure and preserve long-term upside, while new investments are funded by SGD and JPY-denominated debt, enhancing balance sheet flexibility.

• Portfolio now features 11 data centers, $1.9 billion AUM, 97% occupancy, and a 4.3-year WALE, with 70% of debt at fixed rates and a 3.3-year weighted average debt maturity.

• Repurchased $40 million in units at a 27% discount to NAV, generating 450 bps DPU accretion.

Business and operational update

• Achieved 1.80 US cents distribution for 1H26, with AI and digital economy trends expected to drive further growth.

• Linton Hall refurbishment expanded sellable capacity by 13%, increasing net rent by 35%.

• Robust leasing activity in Northern Virginia and Osaka, with 25% cash rental reversion in Northern Virginia.

• No debt maturities until December 2027 and $130 million available under existing credit facilities.

• Aggregate leverage at 39.2% with $420 million debt headroom at 50% leverage.

Financial overview

• 1H26 revenue was $88.6 million, with net property income of $43.7 million and distributable income of $23.3 million.

• Net asset value per unit at $0.79, with a closing unit price of $0.505 and a distribution yield of 7.19%.

• Aggregate leverage at 39.2%, average cost of debt at 3.6%, and interest coverage ratio at 3.2x.

• 70% of total debt is fixed rate, and 100% of debt is unsecured, supporting prudent capital management.