{
  "id": 19581064,
  "title": "NTT DC Reit H1 DPU beats IPO projection by 10% at US$0.0432",
  "url": "https://urgent.news/2026/11/12/ntt-dc-reit-h1-dpu-beats-ipo-projection-by-10-at-us-0-0432",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T00:58:34.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/reits-property/ntt-dc-reit-h1-dpu-beats-ipo-projection-10-us0-0432"
  },
  "original_language": "en",
  "account": "NTT DC Real Estate Investment Trust (Reit) has reported its first half of FY2026/27 results, with distribution per unit (DPU) of US$0.0432, exceeding the initial public offering projection by 10%. Net property income (NPI) surpassed forecasts at US$55.8 million, 4.9% above projection, while gross revenue was 2% higher at US$119.8 million. The improved NPI was attributed to increased tenant fit-out revenue, lower real estate taxes, and favorable foreign exchange movements. Net finance costs were 5.5% below projection at US$10.4 million, mainly due to lower interest rates. Portfolio occupancy by information technology load rose to 97.5%, driven by expansions at CA1 and CA3 data centres in California. Rental reversion totaled 11.7% during the period, with a significant 23% from the renewal of NTT Master Services Agreement. The Reit's aggregate leverage decreased to 29.9% as of September 30, from 31% at end-June, with total debt at US$528 million.",
  "summary": "Tenant expansions at two California data centres lift portfolio occupancy to 97.5%",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}