Annual lease revenue upon full campus delivery
Company: Applied Digital
The claim, verbatim
Approximately $2.3 billion in annual lease revenue expected upon completion and delivery of all five data centers
Source (primary)
Applied Digital Won't Collect Most of Its Rent Until 2029. I'd Wait to Buy the Stock. - The Globe and Mail (-, 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 rent of about $2.3 billion per year once every campus is delivered and confirms there are five campuses.
Confirmed in the source:
- The leases call for about $2.3 billion of rent per year once every campus is delivered
- Applied Digital has five data center campuses under lease
What we did: Read our cached copy of the publisher (https://www.theglobeandmail.com/investing/markets/markets-news/motley/4478039/applied-digital-won-t-collect-most-of-its-rent-until-2029-i-d-wait-to-buy-the-stock/) in full (9,374 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 Globe and Mail
Quote: “Once every campus is delivered, the leases call for about $2.3 billion of rent per year”