NTT DC REIT (NTDU) Investor presentation summary

Sponsor background and global platform

• Backed by NTT Group, a leading IT and telecom conglomerate with a market cap of approximately US$87.6bn and operating revenue of US$91.6bn for FY24/25.

• NTT Limited, the sponsor, is the third largest data center provider globally (excluding China), with over 2,200 MW capacity across 91 sites and 133 buildings in the Americas, EMEA, and APAC.

• The sponsor’s portfolio includes top 7 in Americas, top 4 in EMEA, and top 2 in APAC, with significant presence in major data center markets.

• Advanced technological capabilities include subsea cable networks, innovative cooling solutions, and next-generation optical fiber technology.

Portfolio overview and asset quality

• Portfolio consists of 6 assets across the U.S., EMEA, and APAC, totaling 90.7 MW design IT load and an appraised value of US$1,573m.

• 83.5% of assets are freehold, with a high occupancy rate of 94.3% and a weighted average lease expiry (WALE) of 4.8 years.

• Assets are carrier-neutral, 100% Tier III-equivalent, and located in top global data center markets: Northern Virginia, Northern California, Vienna, and Singapore.

• Major tenants include Fortune 100 companies and global technology firms, with a balanced mix of hyperscale (51%) and colocation (49%) customers.

Market trends and growth drivers

• Global data center market is forecast to grow at a 27.5% CAGR (2024–2027F), with declining vacancies and rising absorption rates.

• Hyperscale and wholesale colocation pricing is expected to increase across all regions, with strong demand driven by AI, cloud migration, and digital transformation.

• Data centers have outperformed other real estate sectors in total returns over the past three years.

• AI and cloud are driving a surge in capital allocation, with global tech giants doubling capex in recent years.