NTT DC REIT beats IPO forecast with $0.0708 DPU
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NTT DC REIT reported a distribution per unit of $0.0708 for FY25/26, exceeding its IPO forecast by 2.6%. The REIT's gross revenue reached $209.8m, driven by strong colocation and power services revenue. Net property income rose to $95.3m, supported by lower real estate taxes and favorable foreign exchange impacts. Distributable income was $73.2m, with net finance costs at $19.0m, lower than projected. The REIT maintained a healthy balance sheet with total debt of $658.2m and an improved aggregate leverage of 29.2%. The maiden distribution will be paid on 29 June 2026.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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