Net property income of US$74.9 million was 2.3% above IPO forecast, driven by the higher revenue, lower-than-expected real estate taxes and favourable foreign exchange impact; these gains were partially offset by higher repair and maintenance costs and other property expenses. Distributable income of US$57.5 million was 2.5% above forecast, taking into account net finance costs of US$14.9 million, which were 3.3% below forecast. Aggregate leverage was 29.2% and ICR stood at 4.2 times.
NTT DC REIT, which has a March year-end, declared its maiden distribution of 5.56 US cents per Unit, outperforming IPO forecast of 5.42 US cents per Unit. The distribution will be paid on June 29 with the last day of trading on a cum-distribution basis on May 18.
NTT DC REIT achieved gross revenue of US$164.8 million for FY2026, exceeding IPO forecast by 2.5%. The outperformance was driven by stronger colocation and power services revenue, as well as higher tenant fit-out revenue, on the back of increased leasing activity and additional customisation works for the US portfolio.
