Contracted lease revenue in fiscal 2027
Company: Applied Digital
The claim, verbatim
The company will receive $451 million in contracted lease revenue in fiscal 2027 from its take-or-pay data center leases
Source (primary)
Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock. - AOL.com (-, news_article)
View cached copy (2026-09-14)Live source ↗
Quote: “the leases call for $451 million in fiscal 2027”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document's schedule of minimum lease payments states the leases call for $451 million in fiscal 2027 under take-or-pay terms.
Confirmed in the source:
- Applied Digital's take-or-pay data center leases call for $451 million in fiscal 2027
- The payments come from take-or-pay leases where the tenant owes rent regardless of use
What we did: Read our cached copy of the publisher (https://www.aol.com/articles/applied-digital-wont-collect-most-214901000.html) in full (9,398 characters, retrieved September 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock. - AOL.com
Quote: “the leases call for $451 million in fiscal 2027”