NTT DC REIT (NTDU) AGM 2026 summary

Opening remarks and agenda

• AGM held on 28 July 2026 at 1625 West National Drive, Sacramento, U.S.

Financial performance review

• Net property income reached $74.9m, exceeding IPO forecast by 2.3%.

• Distributable income was $57.5m, 2.5% above forecast; distribution per unit at 5.56 US cents.

• Portfolio valuation rose to $1,670.2m, an 11.3% increase from IPO purchase consideration.

• Rental reversion achieved +8.5% in FY25/26, and +13.7% including NTT Singapore's lease renewal.

• Portfolio occupancy at 95.1%, with committed occupancy at 98.5%.

Strategic initiatives and plans

• Renewed Master Services Agreement with NTT Singapore at +23% rental reversion and 5% annual escalations.

• Extended anchor tenant lease with NTT Singapore for 3 years starting April 2026.

• Active discussions underway to backfill 0.3MW of returned capacity.

• Plans to enhance alignment with unitholders via potential management fee structure changes, targeting EGM by 3Q FY26/27.

• Pursuing accretive acquisitions leveraging sponsor's ROFR pipeline.