Q1 FY2027 interest expense exceeded base rent
Company: Applied Digital
The claim, verbatim
Applied Digital's Q1 FY2027 interest expense of $77.4 million exceeded the $65.8 million in base rent it collected.
Source (primary)
Applied Digital Surges 9% as AI Data Center Stocks Rebound From Financing Jitters; IREN Jumps 9%, Nebius Climbs 7% - 24/7 Wall St. (-, news_article)
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Quote: “Applied Digital's interest expense of $77.4 million exceeded the $65.8 million. That's the base rent it collected in Q1 FY2027”
How we checked this
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Additional evidence
confirms Applied Digital Surges 9% as AI Data Center Stocks Rebound From Financing Jitters; IREN Jumps 9%, Nebius Climbs 7% - 24/7 Wall St.
Quote: “Applied Digital's interest expense of $77.4 million exceeded the $65.8 million. That's the base rent it collected in Q1 FY2027”