Strategic Entry into Japan's Data Centre Market
3 Enhances Income Stability of the Enlarged Portfolio mapletree
100% leased to an established data centre operator
■ Diversifies MIT's tenant base and reduces the exposure to any single tenant from 5.9%¹ to 5.7%²
× Net lease structure with minimal landlord operational obligations
industrial
Pre and Post-Acquisition: Top 10 Tenants 1,2
5.9%
5.7%
5.4%5.2%
4.3%
0.7%
Pre-Acquisition¹
Post-Acquisition²
3.2%
03.0% 3.0%2.9%
2.5% 2.4%
2.5% 2.4%
2.1% 2.0% 1.8% 1.7% 1.7% 1.6%
hp
AT&T
Established
Data Centre
Operator2,3
Global
Colocation
Provider³
Global
Social
Media
Company³
evoque
STTelemedia
NYSE-listed
Telco³
EQUINIX
BANK OF AMERICA
1 By GRI as at 31 Mar 2023. Based on MIT's 50% interest of the joint venture with MIPL in three fully fitted hyperscale data centres and 10 powered shell data centres in North America
through MRODCT.
2
Based on MIT's portfolio as at 31 Mar 2023 and assuming that the Proposed Acquisition is completed on 30 Jun 2023 with MIT's effective interest of 98.47% in the Property.
3
The identities of the tenants cannot be disclosed due to the strict confidentiality obligations under the lease agreements.
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