~$2B average annualized NOI
Company: Applied Digital
The claim, verbatim
Expects about $2 billion of average annualized NOI under the 15-year leases, with about 70% of contracted revenue backed by investment-grade hyperscalers.
Source (primary)
Investor Presentation (IR page (ir.applieddigital.com), ir_presentation)
View cached copy (2026-10-23)Live source ↗Archive.org ↗
Quote: “~$2 billion in average annualized NOI expected under 15-year gross modified leases with ~70% of our total contracted revenues backed by investment-grade hyperscalers”
How we checked this
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Additional evidence
confirms Investor Presentation
Quote: “~$2 billion in average annualized NOI expected under 15-year gross modified leases with ~70% of our total contracted revenues backed by investment-grade hyperscalers”