Annualized rent revenue at full build-out
Company: Applied Digital
The claim, verbatim
Once all campuses are delivered, leases call for approximately $2.3 billion of rent per year
Source (primary)
Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock. - The Motley Fool (-, news_article)
View cached copy (2026-09-08)Live source ↗Archive.org ↗
Quote: “Once every campus is delivered, the leases call for about $2.3 billion of rent per year.”
How we checked this
Checked on September 19, 2026. The cited source supports every part of this claim.
The document states this annualized full-build-out figure directly.
Confirmed in the source:
- Once all campuses are delivered, the leases call for about $2.3 billion of rent per year
What we did: Read our cached copy of the publisher (https://www.fool.com/investing/2026/09/07/applied-digital-won-t-collect-most-of-its-rent-until-2029-i-d-wait-to-buy-the-stock/) in full (11,518 characters, retrieved September 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock. - The Motley Fool
Quote: “Once every campus is delivered, the leases call for about $2.3 billion of rent per year.”