Interest Rate ImpactAn increase in refinancing rates will negatively impact distributions, but MINT has minimized the impact by fixing approximately 73% of its interest cost.
Lease Expiry RisksThe leases for three data centres at 2000 Kubach Road in Philadelphia, 400 Holger Way in San Jose and 250 Williams Street in Atlanta are unlikely to be renewed.
Occupancy ChallengesA portion of MINT's US portfolio lease expiries are unlikely to renew their leases, which could result in some frictional vacancy within its portfolio.