Quarterly interest expense of $77.4M exceeded base rent of $65.8M
Company: Applied Digital
The claim, verbatim
In the quarter ended Aug. 31, Applied Digital's interest expense of $77.4 million exceeded the $65.8 million of base rent it collected.
Source (primary)
Applied Digital Falls 4%, CoreWeave Down 7% as Data Centers “Feel the Heat” After Democratic Sweep - TIKR.com (-, news_article)
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Quote: “In the quarter to that date, interest expense of $77.4 million topped the $65.8 million of base rent it collected.”
How we checked this
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Additional evidence
confirms Applied Digital Falls 4%, CoreWeave Down 7% as Data Centers “Feel the Heat” After Democratic Sweep - TIKR.com
Quote: “In the quarter to that date, interest expense of $77.4 million topped the $65.8 million of base rent it collected.”
confirms Applied Digital Falls 4%, CoreWeave Down 7% as Data Centers “Feel the Heat” After Democratic Sweep - TIKR.com
Quote: “In the quarter to that date, interest expense of $77.4 million topped the $65.8 million of base rent it collected.”
confirms Applied Digital Falls 4%, CoreWeave Down 7% as Data Centers “Feel the Heat” After Democratic Sweep - Yahoo Finance
Quote: “In the quarter to that date, interest expense of $77.4 million topped the $65.8 million of base rent it collected.”