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NTT DC Reit posts Q1 net property income of US$27.9 million, beats IPO forecast by 5%
['Young Zhan Heng']
The Business Times
PHOTO: NTT[SINGAPORE] The manager of pure-play data centre real estate investment trust (Reit) NTT DC Reit on Wednesday (Aug 12) posted a net property income of US$27.9 million for the three months ended Jun 30.
Distributable income for the first quarter of FY2027 stood at US$22.6 million, surpassing the IPO forecast of US$20.5 million by 10.6 per cent.
For the same period, the total debt of the Reit stood at US$537 million, a slight increase from US$517 million for the period ended Mar 31.
NTT DC Reit made its trading debut in July 2025, with an IPO price of US$1.
Units of NTT DC Reit closed 0.5 per cent or US$0.005 higher at US$0.935 on Wednesday, before the results were announced.