$1 billion NOI target within five years
Company: Applied Digital
The claim, verbatim
Tenant signing at the second campus should put the company on the path to its $1 billion NOI target within the next five years.
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “The tenant signing at our second campus should put us firmly on the path toward our $1 billion NOI target within the next five years.”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The press release states in management commentary that the tenant signing at the second campus should put the company firmly on the path toward its $1 billion NOI target within the next five years.
Confirmed in the source:
- Applied Digital said a tenant signing at its second campus should put it on the path toward its $1 billion NOI target
- Applied Digital said it expects to reach that $1 billion NOI target within the next five years
What we did: Read our cached copy of IR page (ir.applieddigital.com) (https://ir.applieddigital.com/news-events/press-releases/detail/131/applied-digital-reports-fiscal-first-quarter-2026-results/) in full (34,802 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Earnings Release
Quote: “The tenant signing at our second campus should put us firmly on the path toward our $1 billion NOI target within the next five years.”