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NTT DC REIT posts $45.9m distributable income in 9M

Distributable income at $45.9m.

NTT DC REIT reported a distributable income of $45.9m (US$36.3m) in the first nine months of fiscal year (FY) 2025/2026, slightly above the adjusted IPO forecast.

Over the same period, the company’s net property income (NPI) stood at $59.6m (US$47.1m), 0.6% below the adjusted IPO forecast. 

The company attributed this to lower occupancy and softer power revenue, offset by higher tenant fit-out revenue and positive foreign exchange impact.

Portfolio occupancy was 94.6% as at 31 December 2025, with committed occupancy reaching 97.3% including signed leases not yet commenced, and rent reversion of 9.2% achieved during the period.

The manager secured $1.4m (US$1.1m) of monthly base rent through renewals and new leases, alongside approximately 2,400 kilowatts of additional leasing across three assets, CA1, CA3 and SG1, commencing from the fourth quarter of FY 2025/2026.

The portfolio comprises six assets across the US, Vienna and Singapore with 90.7 megawatts of design IT load and a weighted average lease expiry of 4.4 years, with less than 12% of leases expiring in FY 2025/2026.

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