Quarterly interest expense exceeds base rent
Company: Applied Digital
The claim, verbatim
In the quarter ended August 31, interest expense of $77.4 million exceeded the $65.8 million of base rent collected.
Source (primary)
Applied Digital Falls 4%, CoreWeave Down 7% as Data Centers “Feel the Heat” After Democratic Sweep - TIKR.com (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
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
Checked on November 11, 2026. The cited source supports every part of this claim.
The article gives both figures for the quarter to Aug. 31 and says interest expense topped the base rent collected.
Confirmed in the source:
- Applied Digital's interest expense was $77.4 million in the quarter to August 31.
- Applied Digital collected $65.8 million of base rent in the quarter to August 31.
- Interest expense exceeded base rent collected in that quarter.
What we did: Read our cached copy of the publisher (https://www.tikr.com/blog/applied-digital-falls-4-coreweave-down-7-as-data-centers-feel-the-heat-after-democratic-sweep) in full (6,548 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
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.”