Portfolio Overview

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Portfolio Overview

Portfolio strategically diversified across key global markets, including top ten markets in the U.S. and APAC

Our portfolio is diversified across key data center markets in North America, EMEA and APAC, consistent with the Sponsor’s operational footprint. This enables NTT DC REIT to leverage the Sponsor’s familiarity and expertise in managing and operating data centers in these markets, particularly as the Sponsor continues to provide property management services to the assets in the portfolio.

Diverse customer base anchored by leading global enterprises with high credit quality

Our Portfolio

Asset	Location	Land tenure	Year of RFO / last refurbishment⁽¹¹⁾	Data floor space (sq m)	Design IT load (MW)	No. of customers	Occupancy (based on design IT load) (%)	FY 9M25/26 NPI (US$m)	WALE (years)	Valuation (Cushman) (US$m)	Valuation (Newmark) (US$m)	Appraised valuation (US$m)⁽¹²⁾	Appraised Valuation Cap rate (%)^(12)(13)	Purchase consideration
U.S.
VA2	44610 Guilford Dr., Ashburn, VA 20147, U.S.	Freehold	2016 / 2024	7,204	14.0	9	97.3%	7.3	4.7	213	200	213	4.6%	200
CA1	1200 Striker Ave., Sacramento, CA 95834, U.S.	Freehold	2001 / 2025	7,718	12.6	131	92.0%⁽¹⁴⁾	13.0	2.9	269	250	269	6.3%	250
CA2	1312 Striker Ave., Sacramento, CA 95834, U.S.	Freehold	2011 / 2025	8,249	26.1	24	99.3%	16.5	8.1	366	308	366	6.0%	308
CA3	1625 W. National Dr., Sacramento, CA 95834, U.S.	Freehold	2015 / 2024	6,018	14.0	31	89.9%	9.7	5.2	212	216	212	6.0%	212
EMEA
VIE1	Computerstrasse 4, 1100 Vienna, Austria	Freehold	2023 / -	8,317	15.4	77	91.6%	11.6	7.0	254	276	254	6.1%	271
APAC
SG1	51 Serangoon North Ave. 4, Singapore 555858	Land leased / building owned⁽¹⁵⁾	2012 / 2024	5,040	8.6	24	90.0%	18.0	0.9	259	283	259	9.1%	259
Total / Average / Weighted Average				42,545	90.7	298⁽¹⁶⁾	94.3%⁽¹⁴⁾	76.2	4.8	1,573	1,533	1,573	6.4%	1,500

1	Appraised Value as at 31 December 2024, based on Independent Valuations from Cushman & Wakefield of Washington, DC, Inc. for each asset.
2	As at third quarter of 2024. Source: Independent Market Research Report.
3	Design IT load capacity as at 31 December 2024.
4	Based on IT Load as at 31 December 2024. On 20 May 2025, one of the customers of the IPO Portfolio which has a contracted capacity of 8,000 KW at VA2 and 638 KW at CA1 served a notice of termination in relation to its contracted capacity at CA1 with an effective date of 30 September 2025. As a result, the contracted capacity of this customer in respect of the IPO Portfolio will reduce from 8,638 KW to 8,000 KW with effect from 30 September 2025. If this notice of termination had been effective as at 31 December 2024, the overall occupancy of the IPO Portfolio would decrease from 94.3% to 93.6% and the occupancy of CA1 will decrease from 92.0% to 86.9%. Alternative tenants are currently being sought to fill up this capacity.
5	Monthly base rent as at 31 December 2024.
6	The customers of NTT DC REIT cannot be named as for many of these customers, it is critical that the geographical locations of the data centers in which each customer’s equipment, information and data are stored are kept confidential in order to minimise the risk of physical threats and intrusions into the relevant data center. Accordingly, many of the agreements with the customers contain confidentiality provisions that restrict NTT DC REIT from disclosing their identities or any terms of their agreements. Save for the entities within the NTT Group and its related entities as disclosed, none of the remaining top 10 tenants are related to the Sponsor Group. In this regard, the top 10 customers have not given consent to the disclosure of their names. NTT DC REIT has obtained a waiver from the Authority from the requirement in paragraph 11.1(c)(ii) of the Property Funds Appendix to disclose the names of the customers.
7	Data retrieved: May 2025. Represents credit ratings by Standard & Poor’s Rating Services and Moody’s Investors Service Inc., respectively. Each of Standard & Poor’s Rating Services and Moody’s Investors Service Inc. has not provided its consent, for the purposes of Section 249 of the SFA (read with Section 302(1) of the SFA), to the inclusion of the Information quoted above in this Prospectus and therefore is not liable for such information under Sections 253 and 254 of the SFA (read with Section 302(1) of the SFA). While the Manager has taken reasonable action to ensure that the information from the above published by each of Standard & Poor’s Rating Services and Moody’s Investors Service Inc. is reproduced in its proper form and context, and that the information is extracted accurately and fairly, neither the Manager, the Joint Bookrunners and Underwriters nor any other party has conducted an independent review of the information contained in such report or verified the accuracy of the contents of the relevant information.
8	Monthly base rent attributable to the NTT Group predominantly accounted for by NTT Singapore Pte. Ltd. under the SG1 Master Services Agreement (which is on a one year renewal basis). The percentage of monthly base rent attributable to the SG1 Master Services Agreement is 7.1% of the total Portfolio monthly base rent.
9	As at 31 December 2024, the customer has a contracted capacity of 8,000 KW at VA2 and 638 KW at CA1. On 20 May 2025, the customer served a notice of termination in relation to its contracted capacity at CA1 with an effective date of 30 September 2025. As a result, the contracted capacity of this customer in respect of the IPO Portfolio will reduce from 8,638 KW to 8,000 KW with effect from 30 September 2025. If this notice of termination had been effective as at 31 December 2024, the percentage contribution of this customer to the aggregate monthly base rent of the IPO Portfolio for the month of December 2024 would be 5.7%. Alternative tenants are currently being sought to fill up this capacity. Of the top 10 customers, customers with lease expiries within FY25/26 account for 5.4% of the monthly base rent generated by the IPO Portfolio as of 31 December 2024. The Manager is not aware of any reasons as to why these leases will not be renewed in the ordinary course of business or in the event that they are not renewed, any reason why these vacancies will not be filled.
10	Where applicable, references to a customer’s credit rating by Standard & Poor’s Rating Services or Moody’s Investors Service Inc. refers to the credit rating of the relevant customer’s ultimate parent company. The direct customers may be the parent entities or their subsidiaries or affiliates and there can be no assurance that a customer parent entity will satisfy the customer’s lease obligations upon such customer’s default.
11	RFO: Ready-for-Occupancy date, Last refurbishment: Refers to the completion of projects where infrastructure supporting at least 15% of operational capacity has been replaced.
12	Appraised Value as at 31 December 2024, based on the Independent Valuations from Cushman for each asset.
13	Refers to the full-year FY25/26 net property income divided by the Appraised Value.
14	On 20 May 2025, one of the customers of the IPO Portfolio which has a contracted capacity of 8,000 KW at VA2 and 638 KW at CA1 served a notice of termination in relation to its contracted capacity at CA1 with an effective date of 30 September 2025. As a result, the contracted capacity of this customer in respect of the IPO Portfolio will reduce from 8,638 KW to 8,000 KW with effect from 30 September 2025. If this notice of termination had been effective as at 31 December 2024, the overall occupancy of the IPO Portfolio would decrease from 94.3% to 93.6% and the occupancy of CA1 will decrease from 92.0% to 86.9%. Alternative tenants are currently being sought to fill up this capacity.
15	Occupational lease of land with JTC, paid in full until August 2040 which is the initial term of the lease with a covenant by JTC to grant a further 30-year term until 2070 subject to the fulfilment of certain conditions under the lease. The conditions for a further 30-year term until 2070 include: (i) the tenant making a fixed investment of at least SGD 35,000,000 on SG1 during the initial lease term, (ii) the gross plot ratio of the site being not less than 2.47 but not more than 2.50 and (iii) at the expiry of the initial lease term there being no existing breach or non-observance of any of the tenant’s obligations. JTC have confirmed in writing that conditions (i) and (ii) have been satisfied and that, in relation to (iii), there are currently no known breaches.
16	The number of customers for each asset includes unique customers, while the total across the portfolio counts the same customer across two or more assets as a single unique customer.