Digital Core REIT (DCRU) Investor Presentation summary

Business and operational highlights

• $1.7 billion AUM with 11 data centers and over 120 customers across North America, Europe, and Asia Pacific.

• 1Q25 distributable income reached $11.7 million, with 98% occupancy and 4.7 years WALE.

• Completed acquisition of a 20% interest in a second Osaka data center, expanding APAC presence.

• Established a $750 million medium-term note program, enhancing access to public debt markets.

• Repurchased 1.8 million units in 1Q25, resulting in 0.1% DPU accretion.

Portfolio and customer profile

• Portfolio is 100% freehold, with 98% occupancy and a weighted average lease expiry of 4.7 years.

• Key metros include Northern Virginia, Silicon Valley, Los Angeles, Toronto, Frankfurt, and Osaka.

• Top 10 customers account for 81% of annualized rent, with 63% from hyperscale cloud service providers.

• 81% of rent is from investment-grade or equivalent customers.

• Portfolio value at share is $1.71 billion, with 1.22 million sq ft and 67,187 kW IT load.

Financial overview and capital management

• 1Q25 revenue was $44.2 million, up 79.9% year-on-year; distributable income rose 9.9% to $11.7 million.

• Aggregate leverage stands at 38.0% with $438 million debt headroom at 50% leverage.

• Weighted average debt maturity is 4.5 years, with 85% fixed-rate debt and 3.8% average cost.

• Interest coverage ratio is 3.7x, and all debt is unsecured.

• Net asset value per unit is $0.78, with 1,323 million units in issue.