NTT DC REIT USD NTDU
USD 0.945
+1.59% +0.02 Updated 13 Nov 2026, 17:16 SGT
Financials
NTT DC REIT Annual Report FY25/26
Explore the statements
14 tablesStatements of Financial Position
26 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2026Trust | Source |
|---|---|---|---|
| Statements of Financial Position | |||
| Data centre propertiesUSD thousands | 1,667,213 | – | PDF p. 106 |
| Investment in subsidiariesUSD thousands | – | 1,304,656 | PDF p. 106 |
| Loan to a subsidiaryUSD thousands | – | 33,578 | PDF p. 106 |
| Other receivables — non-currentUSD thousands | 5,186 | – | PDF p. 106 |
| Restricted cashUSD thousands | 7,000 | – | PDF p. 106 |
| Derivatives financial assetsUSD thousands | 2,114 | 669 | PDF p. 106 |
| Total non-current assetsUSD thousands | 1,681,513 | 1,338,903 | PDF p. 106 |
| Trade and other receivables — currentUSD thousands | 46,292 | 15,108 | PDF p. 106 |
| Cash and cash equivalentsUSD thousands | 45,992 | 9,983 | PDF p. 106 |
| Total current assetsUSD thousands | 92,284 | 25,091 | PDF p. 106 |
| Total assetsUSD thousands | 1,773,797 | 1,363,994 | PDF p. 106 |
| Trade and other payables — currentUSD thousands | 42,574 | 27,888 | PDF p. 106 |
| Derivatives financial liabilities — currentUSD thousands | 61 | 61 | PDF p. 106 |
| Current tax payableUSD thousands | 1,375 | 25 | PDF p. 106 |
| Total current liabilitiesUSD thousands | 44,010 | 27,974 | PDF p. 106 |
| Other payables — non-currentUSD thousands | 483 | – | PDF p. 106 |
| Loans and borrowingsUSD thousands | 512,140 | 354,674 | PDF p. 106 |
| Preference sharesUSD thousands | 124 | – | PDF p. 106 |
| Derivatives financial liabilities — non-currentUSD thousands | 382 | 382 | PDF p. 106 |
| Deferred tax liabilitiesUSD thousands | 35,241 | – | PDF p. 106 |
| Total non-current liabilitiesUSD thousands | 548,370 | 355,056 | PDF p. 106 |
| Total liabilitiesUSD thousands | 592,380 | 383,030 | PDF p. 106 |
| Net assetsUSD thousands | 1,181,417 | 980,964 | PDF p. 106 |
| Unitholders’ fundsUSD thousands | 1,181,417 | 980,964 | PDF p. 106 |
| Units in issue and to be issuedthousand units | 1,039,142 | 1,039,142 | PDF p. 106 |
| Net asset value per Unit attributable to UnitholdersUSD per unit | 1.14 | 0.94 | PDF p. 106 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 106 ↗
Consolidated Statement of Profit or Loss and Other Comprehensive Income
30 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group — 28 March 2025 to 31 March 2026 | Source |
|---|---|---|
| Consolidated Statement of Profit or Loss and Other Comprehensive Income | ||
| Revenue from colocation and power servicesUSD thousands | 155,106 | PDF p. 107 |
| Other operating incomeUSD thousands | 9,715 | PDF p. 107 |
| Gross revenueUSD thousands | 164,821 | PDF p. 107 |
| UtilitiesUSD thousands | (49,005) | PDF p. 107 |
| Real estate taxes and insuranceUSD thousands | (6,011) | PDF p. 107 |
| Repair and maintenanceUSD thousands | (11,126) | PDF p. 107 |
| Property management feesUSD thousands | (3,256) | PDF p. 107 |
| Property management reimbursementsUSD thousands | (10,505) | PDF p. 107 |
| Other property expensesUSD thousands | (9,993) | PDF p. 107 |
| Property operating expensesUSD thousands | (89,896) | PDF p. 107 |
| Net property incomeUSD thousands | 74,925 | PDF p. 107 |
| Depreciation of data centre propertiesUSD thousands | (49,995) | PDF p. 107 |
| Finance incomeUSD thousands | 316 | PDF p. 107 |
| Finance expensesUSD thousands | (15,189) | PDF p. 107 |
| Manager’s base feeUSD thousands | (5,955) | PDF p. 107 |
| Manager’s performance feeUSD thousands | (2,622) | PDF p. 107 |
| Trustee’s feeUSD thousands | (169) | PDF p. 107 |
| Other trust expensesUSD thousands | (2,074) | PDF p. 107 |
| Other income, netUSD thousands | 1,741 | PDF p. 107 |
| Profit before taxUSD thousands | 978 | PDF p. 107 |
| Tax creditUSD thousands | 2,156 | PDF p. 107 |
| Profit after taxUSD thousands | 3,134 | PDF p. 107 |
| Revaluation of data centre properties, net of taxUSD thousands | 183,554 | PDF p. 107 |
| Movement in fair value of derivative financial instrumentsUSD thousands | 1,732 | PDF p. 107 |
| Foreign currency translation movementUSD thousands | (5,788) | PDF p. 107 |
| Subtotal of items that may be reclassified subsequently to profit or lossUSD thousands | (4,056) | PDF p. 107 |
| Other comprehensive income for the period, net of taxUSD thousands | 179,498 | PDF p. 107 |
| Total comprehensive income for the periodUSD thousands | 182,632 | PDF p. 107 |
| Earnings per unit — basic and dilutedUS cents per unit | 0.30 | PDF p. 107 |
| Income available for distribution to UnitholdersUSD thousands | 57,516 | PDF p. 107 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 107 ↗
Consolidated Statement of Changes in Unitholders’ Funds
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026GroupUnits in issue (Note 14) | 2026GroupForeign currency translation reserve | 2026GroupHedging reserve | 2026GroupRevaluation reserve | 2026GroupRetained earnings | 2026GroupTotal | Source |
|---|---|---|---|---|---|---|---|
| Consolidated Statement of Changes in Unitholders’ Funds | |||||||
| At 28 March 2025 (date of constitution)USD thousands | * | – | – | – | – | * | PDF p. 108 |
| Profit for the periodUSD thousands | – | – | – | – | 3,134 | 3,134 | PDF p. 108 |
| Revaluation of data centre properties, net of taxUSD thousands | – | – | – | 183,554 | – | 183,554 | PDF p. 108 |
| Movement in fair value of derivative financial instrumentsUSD thousands | – | – | 1,732 | – | – | 1,732 | PDF p. 108 |
| Foreign currency translation movementUSD thousands | – | (5,788) | – | – | – | (5,788) | PDF p. 108 |
| Total other comprehensive income for the periodUSD thousands | – | (5,788) | 1,732 | 183,554 | – | 179,498 | PDF p. 108 |
| Total comprehensive income for the periodUSD thousands | – | (5,788) | 1,732 | 183,554 | 3,134 | 182,632 | PDF p. 108 |
| Issuance of new units on Listing DateUSD thousands | 1,030,210 | – | – | – | – | 1,030,210 | PDF p. 108 |
| Issue costsUSD thousands | (41,547) | – | – | – | – | (41,547) | PDF p. 108 |
| Proceeds from grant income relating to issuance of unitsUSD thousands | 1,545 | – | – | – | – | 1,545 | PDF p. 108 |
| Manager’s base fee payable in unitsUSD thousands | 5,955 | – | – | – | – | 5,955 | PDF p. 108 |
| Manager’s performance fee payable in unitsUSD thousands | 2,622 | – | – | – | – | 2,622 | PDF p. 108 |
| Total transactions with Unitholders for the periodUSD thousands | 998,785 | – | – | – | – | 998,785 | PDF p. 108 |
| At 31 March 2026USD thousands | 998,785 | (5,788) | 1,732 | 183,554 | 3,134 | 1,181,417 | PDF p. 108 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 108 ↗
Statement of Changes in Unitholders’ Funds — Trust
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026TrustUnits in issue (Note 14) | 2026TrustHedging reserve | 2026TrustRetained earnings | 2026TrustTotal | Source |
|---|---|---|---|---|---|
| Statement of Changes in Unitholders’ Funds — Trust | |||||
| At 28 March 2025 (date of constitution)USD thousands | * | – | – | * | PDF p. 109 |
| Loss for the periodUSD thousands | – | – | (18,108) | (18,108) | PDF p. 109 |
| Movement in fair value of derivative financial instrumentsUSD thousands | – | 287 | – | 287 | PDF p. 109 |
| Total other comprehensive income for the periodUSD thousands | – | 287 | – | 287 | PDF p. 109 |
| Total comprehensive income for the periodUSD thousands | – | 287 | (18,108) | (17,821) | PDF p. 109 |
| Issuance of new units on Listing DateUSD thousands | 1,030,210 | – | – | 1,030,210 | PDF p. 109 |
| Issue costsUSD thousands | (41,547) | – | – | (41,547) | PDF p. 109 |
| Proceeds from grant income relating to issuance of unitsUSD thousands | 1,545 | – | – | 1,545 | PDF p. 109 |
| Manager’s base fee payable in unitsUSD thousands | 5,955 | – | – | 5,955 | PDF p. 109 |
| Manager’s performance fee payable in unitsUSD thousands | 2,622 | – | – | 2,622 | PDF p. 109 |
| Total transactions with Unitholders for the periodUSD thousands | 998,785 | – | – | 998,785 | PDF p. 109 |
| At 31 March 2026USD thousands | 998,785 | 287 | (18,108) | 980,964 | PDF p. 109 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 109 ↗
Consolidated Statement of Cash Flows
24 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group — 28 March 2025 to 31 March 2026 | Source |
|---|---|---|
| Consolidated Statement of Cash Flows | ||
| Profit for the periodUSD thousands | 3,134 | PDF p. 110 |
| Depreciation of data centre propertiesUSD thousands | 49,995 | PDF p. 110 |
| Amortisation of debt-related transaction costsUSD thousands | 850 | PDF p. 110 |
| Amortisation of sales commissionsUSD thousands | 351 | PDF p. 110 |
| Manager’s base fee payable in unitsUSD thousands | 5,955 | PDF p. 110 |
| Manager’s performance fee payable in unitsUSD thousands | 2,622 | PDF p. 110 |
| Finance incomeUSD thousands | (316) | PDF p. 110 |
| Finance expensesUSD thousands | 14,339 | PDF p. 110 |
| Net change in fair value of derivativesUSD thousands | 61 | PDF p. 110 |
| Unrealised foreign exchange gain, netUSD thousands | (3,302) | PDF p. 110 |
| Write-off of equipment at data centre propertiesUSD thousands | 1,414 | PDF p. 110 |
| Allowance for expected credit lossUSD thousands | 163 | PDF p. 110 |
| Tax creditUSD thousands | (2,156) | PDF p. 110 |
| Operating profit before working capital changesUSD thousands | 73,110 | PDF p. 110 |
| Changes in restricted cashUSD thousands | (7,000) | PDF p. 110 |
| Changes in trade and other receivablesUSD thousands | (12,454) | PDF p. 110 |
| Changes in trade and other payablesUSD thousands | 7,849 | PDF p. 110 |
| Cash generated from operationsUSD thousands | 61,505 | PDF p. 110 |
| Income tax paidUSD thousands | (2,001) | PDF p. 110 |
| Net cash from operating activitiesUSD thousands | 59,504 | PDF p. 110 |
| Acquisition of data centre properties and related assets and liabilitiesUSD thousands | (1,233,726) | PDF p. 110 |
| Additions of capital expenditures to data centre propertiesUSD thousands | (17,495) | PDF p. 110 |
| Interest receivedUSD thousands | 316 | PDF p. 110 |
| Net cash used in investing activitiesUSD thousands | (1,250,905) | PDF p. 110 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 110 ↗
Consolidated Statement of Cash Flows — financing and reconciliation
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group — 28 March 2025 to 31 March 2026 | Source |
|---|---|---|
| Consolidated Statement of Cash Flows — financing and reconciliation | ||
| Proceeds from issuance of unitsUSD thousands | 772,657 | PDF p. 111 |
| Proceeds from loans and borrowingsUSD thousands | 536,781 | PDF p. 111 |
| Proceeds from issuance of preference sharesUSD thousands | 124 | PDF p. 111 |
| Payment of transaction costs relating to issuance of unitsUSD thousands | (41,547) | PDF p. 111 |
| Proceeds from grant income relating to issuance of unitsUSD thousands | 1,545 | PDF p. 111 |
| Payment of debt-related transaction costsUSD thousands | (5,942) | PDF p. 111 |
| Repayment of loans and borrowingsUSD thousands | (11,673) | PDF p. 111 |
| Financing costs paid on loans and borrowingsUSD thousands | (13,735) | PDF p. 111 |
| Net cash generated from financing activitiesUSD thousands | 1,238,210 | PDF p. 111 |
| Net increase in cash and cash equivalentsUSD thousands | 46,809 | PDF p. 111 |
| Cash and cash equivalents at 28 March 2025 (date of constitution)USD thousands | – | PDF p. 111 |
| Effect of exchange rate fluctuations on cash held in foreign currencyUSD thousands | (817) | PDF p. 111 |
| Cash and cash equivalents at 31 March 2026USD thousands | 45,992 | PDF p. 111 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 111 ↗
Cash Flow Note 1 — Acquisition of data centre properties
15 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group — 28 March 2025 to 31 March 2026 | Source |
|---|---|---|
| Cash Flow Note 1 — Acquisition of data centre properties | ||
| Agreed purchase consideration of data centre propertiesUSD thousands | 1,500,000 | PDF p. 111 |
| Add: Acquisition costsUSD thousands | 7,893 | PDF p. 111 |
| Less: Capital expenditure under seller’s responsibilityUSD thousands | (12,835) | PDF p. 111 |
| Net consideration for data centre propertiesUSD thousands | 1,495,058 | PDF p. 111 |
| Trade and other receivablesUSD thousands | 39,537 | PDF p. 111 |
| Cash and cash equivalentsUSD thousands | 29,723 | PDF p. 111 |
| Trade and other payablesUSD thousands | (33,945) | PDF p. 111 |
| Tax payableUSD thousands | (1,630) | PDF p. 111 |
| Deferred tax liabilitiesUSD thousands | (6,479) | PDF p. 111 |
| Net assets acquiredUSD thousands | 27,206 | PDF p. 111 |
| Total consideration for data centre propertiesUSD thousands | 1,522,265 | PDF p. 111 |
| Less: Consideration settled through issuance of units to sponsorUSD thousands | (257,553) | PDF p. 111 |
| Less: Cash and cash equivalents acquiredUSD thousands | (29,723) | PDF p. 111 |
| Less: Net payable to sponsor group for post-completion accounts adjustmentsUSD thousands | (1,263) | PDF p. 111 |
| Net cash outflow for acquisitionUSD thousands | 1,233,726 | PDF p. 111 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 111 ↗
Income Available for Distribution
15 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group — 28 March 2025 to 31 March 2026 | Source |
|---|---|---|
| Income Available for Distribution | ||
| Profit after tax attributable to UnitholdersUSD thousands | 3,134 | PDF p. 157 |
| Depreciation of data centre propertiesUSD thousands | 49,995 | PDF p. 157 |
| Amortisation of sales commissionsUSD thousands | 351 | PDF p. 157 |
| Amortisation of upfront debt financing costsUSD thousands | 850 | PDF p. 157 |
| Manager’s base fee payable in unitsUSD thousands | 5,955 | PDF p. 157 |
| Manager’s performance fee payable in unitsUSD thousands | 2,622 | PDF p. 157 |
| Trustee’s feeUSD thousands | 169 | PDF p. 157 |
| Net change in fair value in derivativesUSD thousands | 61 | PDF p. 157 |
| Deferred taxesUSD thousands | (3,858) | PDF p. 157 |
| Unrealised foreign exchange gains, netUSD thousands | (3,302) | PDF p. 157 |
| Write-off of equipment at data centre propertiesUSD thousands | 1,414 | PDF p. 157 |
| Other net adjustmentsUSD thousands | 125 | PDF p. 157 |
| Net distribution adjustmentsUSD thousands | 54,382 | PDF p. 157 |
| Income available for distribution to Unitholders at end of the periodUSD thousands | 57,516 | PDF p. 157 |
| Distribution per UnitUS cents per unit | 5.56 | PDF p. 157 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 157 ↗
Financial Ratios
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group — 28 March 2025 to 31 March 2026 | Source |
|---|---|---|
| Financial Ratios | ||
| Expense ratio excluding performance-related fee% | 0.8 | PDF p. 158 |
| Expense ratio including performance-related fee% | 1.0 | PDF p. 158 |
| Operating expensesUSD thousands | 150,711 | PDF p. 158 |
| Ratio of operating expenses to net assets% | 12.8 | PDF p. 158 |
| Portfolio turnover ratio% | 0.0 | PDF p. 158 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 158 ↗
Loans and Borrowings — Carrying Amount
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2026Trust | Source |
|---|---|---|---|
| Loans and Borrowings — Carrying Amount | |||
| Unsecured interest-bearing term loansUSD thousands | 517,232 | 359,766 | PDF p. 141 |
| Less: Unamortised upfront debt-related transaction costsUSD thousands | (5,092) | (5,092) | PDF p. 141 |
| Loans and borrowings carrying amountUSD thousands | 512,140 | 354,674 | PDF p. 141 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 141 ↗
Loans and Borrowings — Face Value by Currency
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2026Trust | Source |
|---|---|---|---|
| Loans and Borrowings — Face Value by Currency | |||
| USD floating rate bank borrowingsUSD thousands | 157,500 | 157,500 | PDF p. 141 |
| EUR floating rate bank borrowingsUSD thousands | 230,135 | 72,669 | PDF p. 141 |
| SGD floating rate bank borrowingsUSD thousands | 129,597 | 129,597 | PDF p. 141 |
| Total face valueUSD thousands | 517,232 | 359,766 | PDF p. 141 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 141 ↗
Earnings and Distribution per Unit
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group — 28 March 2025 to 31 March 2026 | Source |
|---|---|---|
| Earnings and Distribution per Unit | ||
| Profit after tax attributable to UnitholdersUSD thousands | 3,134 | PDF p. 146 |
| Weighted average number of units in issue and issuablethousand units | 1,032,113 | PDF p. 146 |
| Basic and diluted earnings per unitUS cents per unit | 0.30 | PDF p. 146 |
| Income available for distribution to UnitholdersUSD thousands | 57,516 | PDF p. 146 |
| Number of units entitled for distributionthousand units | 1,033,951 | PDF p. 146 |
| Distribution per unitUS cents per unit | 5.56 | PDF p. 146 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 146 ↗
FY25/26 Actual Results versus IPO Forecast
32 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026GroupActual FY25/26 | 2026GroupIPO Forecast FY25/26 | 2026GroupVariance % | Source |
|---|---|---|---|---|
| FY25/26 Actual Results versus IPO Forecast | ||||
| Revenue from colocation and power servicesUSD thousands; variance % | 155,106 | 154,075 | 0.7% | PDF p. 31 |
| Other operating incomeUSD thousands; variance % | 9,715 | 6,713 | 44.7% | PDF p. 31 |
| Gross revenueUSD thousands; variance % | 164,821 | 160,788 | 2.5% | PDF p. 31 |
| UtilitiesUSD thousands; variance % | (49,005) | (49,587) | -1.2% | PDF p. 31 |
| Real estate taxes and insuranceUSD thousands; variance % | (6,011) | (8,848) | -32.1% | PDF p. 31 |
| Repair and maintenanceUSD thousands; variance % | (11,126) | (9,019) | 23.4% | PDF p. 31 |
| Property management feesUSD thousands; variance % | (3,256) | (3,214) | 1.3% | PDF p. 31 |
| Property management reimbursementsUSD thousands; variance % | (10,505) | (11,235) | -6.5% | PDF p. 31 |
| Other property expensesUSD thousands; variance % | (9,993) | (5,618) | 77.9% | PDF p. 31 |
| Property operating expensesUSD thousands; variance % | (89,896) | (87,521) | 2.7% | PDF p. 31 |
| Net property incomeUSD thousands; variance % | 74,925 | 73,267 | 2.3% | PDF p. 31 |
| Depreciation of data centre propertiesUSD thousands; variance % | (49,995) | (52,054) | NM | PDF p. 31 |
| Finance incomeUSD thousands; variance % | 316 | - | 100% | PDF p. 31 |
| Finance expensesUSD thousands; variance % | (15,189) | (15,381) | -1.2% | PDF p. 31 |
| Manager’s base feeUSD thousands; variance % | (5,955) | (5,397) | 10.3% | PDF p. 31 |
| Manager’s performance feeUSD thousands; variance % | (2,622) | (2,562) | 2.3% | PDF p. 31 |
| Trustee’s feeUSD thousands; variance % | (169) | (140) | 20.7% | PDF p. 31 |
| Other trust expensesUSD thousands; variance % | (2,074) | (2,214) | -6.3% | PDF p. 31 |
| Other income, netUSD thousands; variance % | 1,741 | - | 100% | PDF p. 31 |
| Profit before taxUSD thousands; variance % | 978 | (4,481) | -121.8% | PDF p. 31 |
| Tax creditUSD thousands; variance % | 2,156 | (480) | -549.2% | PDF p. 31 |
| Profit after taxUSD thousands; variance % | 3,134 | (4,961) | -163.2% | PDF p. 31 |
| Revaluation of data centre properties, net of taxUSD thousands; variance % | 183,554 | 41,597 | NM | PDF p. 31 |
| Movement in fair value of derivative financial instrumentsUSD thousands; variance % | 1,732 | - | NM | PDF p. 31 |
| Foreign currency translation movementUSD thousands; variance % | (5,788) | - | NM | PDF p. 31 |
| Subtotal of items that may be reclassified subsequently to profit or lossUSD thousands; variance % | (4,056) | - | NM | PDF p. 31 |
| Other comprehensive income for the period, net of taxUSD thousands; variance % | 179,498 | 41,597 | 331.5% | PDF p. 31 |
| Total comprehensive income for the periodUSD thousands; variance % | 182,632 | 36,636 | 398.5% | PDF p. 31 |
| Distribution statement — Profit/(Loss) after tax attributable to UnitholdersUSD thousands; variance % | 3,134 | (4,961) | -163.2% | PDF p. 31 |
| Distribution adjustmentsUSD thousands; variance % | 54,382 | 61,047 | -10.9% | PDF p. 31 |
| Income available for distribution to UnitholdersUSD thousands; variance % | 57,516 | 56,086 | 2.5% | PDF p. 31 |
| Distribution per unitUS cents per unit; variance % | 5.56 | 5.42 | 2.6% | PDF p. 31 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 31 ↗
Key Financial Indicators — Period End versus IPO
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group — 31 March 2026 | 2025Group — At IPO, 14 July 2025 | Source |
|---|---|---|---|
| Key Financial Indicators — Period End versus IPO | |||
| Total debtUSD millions | 517 | 525 | PDF p. 34 |
| Aggregate leverage% | 29.2% | 35.0% | PDF p. 34 |
| Average Term to Maturityyears | 2.3 | 3.0 | PDF p. 34 |
| Weighted Average Cost of Debt% | 4.01% | 3.90% | PDF p. 34 |
| Interest coverage ratiotimes | 4.2x | 4.1x | PDF p. 34 |
| Fixed-rate debt as a proportion of total debt% | 70% | 70% | PDF p. 34 |
| Unencumbered assets as a proportion of total assets% | 100% | 100% | PDF p. 34 |
| Headroom to 40.0% leverageUSD millions | 320 | 125 | PDF p. 34 |
| Debt / EBITDA ratiotimes | 5.8x | NA | PDF p. 34 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 34 ↗
Where the money comes from
Segment information
By geography
Operating Segment - geographical segments, period from 28 March 2025 (date of constitution) to 31 March 2026 8 lines
| Item / unit | 2026US, period 28 Mar 2025 to 31 Mar 2026, US$'000 | 2026Austria, period 28 Mar 2025 to 31 Mar 2026, US$'000 | 2026Singapore, period 28 Mar 2025 to 31 Mar 2026, US$'000 | 2026Total, period 28 Mar 2025 to 31 Mar 2026, US$'000 | Source |
|---|---|---|---|---|---|
| Segment results | |||||
| Gross revenueUS$'000 | 100,824 | 30,430 | 33,567 | 164,821 | PDF p. 156 |
| Property operating expensesUS$'000 | (60,770) | (16,404) | (12,722) | (89,896) | PDF p. 156 |
| Net property incomeUS$'000 | 40,054 | 14,026 | 20,845 | 74,925 | PDF p. 156 |
| Depreciation of data centre propertiesUS$'000 | (26,609) | (7,581) | (15,805) | (49,995) | PDF p. 156 |
| Net property income after depreciationUS$'000 | 13,445 | 6,445 | 5,040 | 24,930 | PDF p. 156 |
| Assets | |||||
| Segment assetsUS$'000 | 1,098,124 | 318,109 | 342,315 | 1,758,548 | PDF p. 156 |
| Liabilities | |||||
| Segment liabilitiesUS$'000 | (40,977) | (12,008) | (24,584) | (77,569) | PDF p. 156 |
| Other segment items | |||||
| Capital expenditureUS$'000 | 8,769 | 4,626 | 4,100 | 17,495 | PDF p. 156 |
Notes
Primary segment is by geography: U.S., Austria and Singapore. No comparative figures presented (first financial statements since constitution, Note 29).
Rows under Unallocated items and the unallocated/total asset and liability rows show a single value, printed in the Total column only; segment columns are blank in the source.
No separate business-segment table is disclosed.
Debt
Borrowings
Liquidity risk – contractual maturities of loans and borrowings
| Item / unit | 2026Carrying amount, US$'000 | 2026Total contractual cash flows, US$'000 | 2026Not later than 1 year, US$'000 | 2026Between 1 and 5 years, US$'000 | 2026More than 5 years, US$'000 | Source |
|---|---|---|---|---|---|---|
| Group – Non-derivative financial liabilities | ||||||
| Loans and borrowings(2)US$'000 | 512,140 | (602,501) | (18,072) | (584,429) | – | PDF p. 149 |
| Trust – Non-derivative financial liabilities (31 March 2026) | ||||||
| Loans and borrowings(2)US$'000 | 354,674 | (419,689) | (13,003) | (406,686) | – | PDF p. 149 |
Notes
Second row is Trust scope, same column headings (carrying amount, total, not later than 1 year, between 1 and 5 years, more than 5 years).
(2) Excludes annual commitment fee due for the unsecured revolving credit facility of 25 basis points on any undrawn balance.
Contractual undiscounted cash flows. No lease liabilities were found in the debt-related pages reviewed.
Borrowing notes 1 tables
Loans and borrowings – non-current
| Item / unit | 2026Group, US$'000 | 2026Trust, US$'000 | Source |
|---|---|---|---|
| Non-current | |||
| Unsecured interest-bearing term loansUS$'000 | 517,232 | 359,766 | PDF p. 141 |
| Less: Unamortised upfront debt-related transaction costsUS$'000 | (5,092) | (5,092) | PDF p. 141 |
Notes
As at 31 March 2026, the Group has approximately US$60 million of unutilised facilities available to meet its future obligations.
Net non-current loans and borrowings after transaction costs: 512,140 (Group) and 354,674 (Trust) (unlabelled subtotal row).
Period from 28 March 2025 (date of constitution) to 31 March 2026; no prior-year comparative.
Payout
Dividends & distributions
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| DPU (US cents) | 5.56 US cents per unit | Group, period from 28 March 2025 (date of constitution) to 31 March 2026; first distribution, no comparative period | PDF p. 146 |
Extracted from NTT DC REIT Annual Report FY25/26 and checked against the cited pages; see the original report for full context.
REIT, bank & sector ratios
Key metrics
REIT metrics
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Aggregate Leverage (%)(4) | 29.2% | Group, as at 31 March 2026 (At IPO comparative: 35.0% on page 34) · As at 2026-03-31 | PDF p. 7 |
| Weighted Average Cost of Debt (%) | 4.01% | Group, as at 31 March 2026 (At IPO comparative: 3.90%) · As at 2026-03-31 | PDF p. 7 |
| Interest Coverage Ratio (times) | 4.2 times | Group, as at 31 March 2026 (At IPO comparative: 4.1x) · As at 2026-03-31 | PDF p. 7 |
| Average Term to Maturity (years) | 2.3(5) years | Group, as at 31 March 2026 (At IPO comparative: 3.0 years) · As at 2026-03-31 | PDF p. 7 |
| Fixed-Rate Debt as a Proportion of Total Debt (%) | 70% | Group, as at 31 March 2026 (At IPO comparative: 70%) · As at 2026-03-31 | PDF p. 7 |
| Portfolio | 95.1% | Portfolio occupancy (%), as at 31 March 2026 (At IPO comparative: 94.3) · As at 2026-03-31 | PDF p. 27 |
| Net Asset Value ("NAV") Per Unit (US$) | 1.14 US$ | As at 31 March 2026 · As at 2026-03-31 | PDF p. 7 |
| Distribution Per Unit (US cents) | 5.56 US cents | Actual, period 28 March 2025 (Date of Constitution) to 31 March 2026; IPO Forecast 5.42; variance 2.6% | PDF p. 7 |
Extracted from NTT DC REIT Annual Report FY25/26 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | KPMG LLP | Group and Trust | PDF p. 105 |
| Engagement partner | Lee Chin Siang Barry | Group and Trust | PDF p. 105 |
| Opinion | present fairly, in all material respects | Group and Trust | PDF p. 102 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Revaluation of data centre properties | Data centre properties represent the single largest asset category on the consolidated statement of financial position. | Group · As at 2026-03-31 | PDF p. 103 |
Extracted from NTT DC REIT Annual Report FY25/26 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow NTT DC REIT Annual Report FY25/26, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
This is the first set of financial statements of the Group and Trust, from constitution on 28 March 2025 to 31 March 2026. Note 29 explicitly states no comparative figures are presented. Five full historical annual periods are not applicable; no comparisons are fabricated.
Financial statements are USD thousands except units in thousand units, NAV in USD per unit, EPS and DPU in US cents, and percentage ratios. Group and Trust scopes and reserve components are retained.
In changes in Unitholders’ funds, * means less than US$1,000. Keep the original symbol; it does not mean exact zero.
FY25/26 distributable income and DPU in Note 26 are based on the period from Constitution Date to 31 March 2026. Note 30 says the distribution announced on 12 May 2026 is 5.56 US cents per unit for 14 July 2025 to 31 March 2026 and has not been provided for. Retain both stated periods.
The consolidated cash-flow acquisition note reconciles the non-cash sponsor unit consideration, cash acquired and payable adjustments; the financing unit proceeds are cash-only, distinct from total units issued.
Expense and portfolio-turnover ratios in Note 28 are annualised under the report’s definitions; operating expense ratio is separately defined.
Cash Flow Note 1 on physical PDF p.111 prints total consideration of USD 1,522,265 thousand; net property consideration 1,495,058 plus net assets acquired 27,206 sum to 1,522,264. The original USD 1 thousand source discrepancy is retained, without replacing either printed value.
Actual and IPO Forecast in Financial Review are for FY25/26. Actual results include each property from its completion date. Forecast includes VIE1 from 1 July 2025 and other IPO properties from Listing Date; it excludes VIE1 27–30 June 2025 contribution. Forecast and variance columns are not historical annual comparisons. The report’s n.m variance notation is represented as NM, retaining original cell words.
Key Financial Indicators compare 31 March 2026 with IPO on 14 July 2025. Total debt excludes unamortised upfront debt costs; it differs from balance-sheet carrying amount. IPO cost of debt and interest coverage use annualised Forecast Year 9M25/26. Maturity may be extended by two one-year options. Headroom assumes additional debt is matched by an equivalent increase in assets.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.