NTT DC REIT Reports Higher Revenue And Stronger Leasing For 9M FY25/26

SGX Filings
Mar 26

NTT DC REIT announced on Mar, 27 2026 that gross revenue for the nine months to Dec, 31 2025 reached 106.0 million, up 1.7 per cent against its adjusted IPO forecast of 104.2 million. Net property income came in at 47.1 million, 0.6 per cent below forecast, while distributable income of 36.3 million exceeded projections by 0.4 per cent.

Portfolio metrics improved, with committed occupancy rising to 97.3 per cent after securing about 2,400 kW of new leases across assets in Sacramento, Singapore and other markets. Average rent reversion for the period was a positive 9.2 per cent.

Financial leverage remained stable, as aggregate gearing stood at 32.5 per cent with an interest coverage ratio of 4.0 times. Seventy per cent of total borrowings are on fixed rates, resulting in a weighted average all-in interest rate of 3.94 per cent and no debt maturities in the next three financial years.

The six-property portfolio — spanning the United States, Austria and Singapore — has a total design IT load of 90.7 MW and was acquired for a combined 1.5 billion. Overall occupancy was 94.6 per cent with a weighted average lease expiry of 4.4 years.

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