Expansion lease rates >15% higher
Company: Applied Digital
The claim, verbatim
Executives stated that lease rates on expansion leases could be more than 15% higher than earlier agreements, declining to name a precise figure.
Source (primary)
How Much Of Applied Digital’s Fiscal Q1 Revenue Was Rent? - Trefis (-, news_article)
View cached copy (2026-10-15)Live source ↗Archive.org ↗
Quote: “executives stated that lease rates could be more than 15% higher”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The article says management expects expansion leases at materially higher prices than earlier agreements. When asked on the call to define those rates, executives said they could be more than 15% higher but declined to give a precise figure.
Confirmed in the source:
- Applied Digital executives stated that lease rates on expansion leases could be more than 15% higher than earlier agreements.
- Applied Digital executives declined to name a precise figure for the expansion lease rates.
What we did: Read our cached copy of the publisher (https://www.trefis.com/stock/apld/articles/618482/how-much-of-applied-digitals-fiscal-q1-revenue-was-rent/2026-10-13) in full (11,429 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms How Much Of Applied Digital’s Fiscal Q1 Revenue Was Rent? - Trefis
Quote: “executives stated that lease rates could be more than 15% higher”