August-quarter interest expense
Company: Applied Digital
The claim, verbatim
Interest expense rose to $77.4 million in the August quarter from $8.0 million a year earlier, exceeding the $65.8 million of base rent collected in the same period.
Source (primary)
Applied Digital (NASDAQ: APLD) Has $36 Billion In Leases But A Brutal Capital Stack Keeps Bulls At Bay - Foreign Policy Journal (-, news_article)
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Quote: “Interest expense alone surged to $77.4 million from just $8.0 million a year earlier, actually exceeding the $65.8 million of base rent the company collected during the same period.”
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Additional evidence
confirms Applied Digital (NASDAQ: APLD) Has $36 Billion In Leases But A Brutal Capital Stack Keeps Bulls At Bay - Foreign Policy Journal
Quote: “Interest expense alone surged to $77.4 million from just $8.0 million a year earlier, actually exceeding the $65.8 million of base rent the company collected during the same period.”