NTT DC REIT (NTDU) Investor presentation summary

Key financial and operational highlights

• Revenue for 9M FY25/26 reached $104.2m, with distributable income at $36.1m, both in line with forecasts.

• Net property income was $47.1m, 0.6% below forecast due to lower occupancy and softer power revenue, partially offset by higher tenant fit-out revenue and positive FX impact.

• Portfolio occupancy improved to 97.3% including committed leases, driven by strong leasing activity and positive rent reversion of +9.2%.

• Aggregate leverage stood at 32.5% with 70% of debt at fixed rates and a strong interest coverage ratio of 4.0x.

• No debt maturities in the next three financial years, providing financial flexibility.

Portfolio and customer profile

• The portfolio comprises six assets across the U.S., EMEA, and APAC, totaling 90.7 MW of design IT load and a 94.6% occupancy rate as of 31 December 2025.

• Weighted average lease expiry is 4.4 years, with less than 12% of leases expiring in FY25/26.

• Top 10 customers contribute 75.5% of monthly base rent, with a strong presence of Fortune 100 companies and an average escalation of 2.7%.

• The majority of assets are freehold (82.7%) and all are Tier-III or equivalent.

Capital management and sustainability

• All loans are unsecured and the portfolio is 100% unencumbered, supporting growth opportunities.

• Debt is diversified across USD, EUR, and SGD, with an average tenor of 2.5 years.

• SG1 asset is fully powered by renewable energy since January 2026, and VIE1 supplies waste heat to the local district-heating network.