NTT DC REIT announced its 9-month FY25/26 business update for the period ended Dec, 31 2025 on Feb, 10 2026. The trust recorded gross revenue of roughly 143 million Singapore dollars, 1.7 % higher than its adjusted IPO forecast. Net property income reached about 64 million Singapore dollars, 0.6 % below projections, while distributable income edged 0.4 % higher to approximately 49 million Singapore dollars.

The balance sheet remained firm with aggregate leverage at 32.5 % and an interest coverage ratio of 4.0 times. All loans are unsecured and 70 % of debt is on fixed rates, with a weighted-average all-in interest rate of 3.94 %. No debt matures in the next three financial years and the average debt tenor stands at 2.5 years, providing ample funding flexibility.

Operationally, portfolio occupancy improved to 97.3 % on a committed basis, supported by new leases covering about 2.4 MW of IT load across U.S. and Singapore assets. Rent reversions averaged a positive 9.2 % for the period. The six-asset, 90.7 MW portfolio now has a weighted-average lease expiry of 4.4 years and remains 100 % unencumbered.

Sustainability efforts continued, with the SG1 facility running entirely on renewable energy from Jan, 01 2026, while the Vienna asset (VIE1) contributes waste heat to the local district-heating network.

Management said discussions are underway on revising the sponsor’s fee structure to better align interests with unitholders, with implementation targeted in 1H FY26/27.