Infratil lifts FY27 guidance on data growth

• Infratil raised its FY27 proportionate earnings guidance following strong contract wins and expanding capacity across its data centre operations.
• Shares in the infrastructure investor rose 5.4% to $11.53 during early trading.
• Accelerating global demand for data infrastructure is driving portfolio growth and higher long-term earnings expectations.

Infratil (ASX:IFT) upgraded its FY27 proportionate earnings guidance to NZ$1.32–1.42 billion after securing new contracts for its digital infrastructure business.

The revision compares favourably against the company's previous earnings target range of NZ$1.3–1.4 billion.

"Global data centre demand has driven Infratil's portfolio growth in the last year," said Infratil CEO Jason Boyes.

The company stated that its CDC Data Centres subsidiary secured 70 megawatts of new delivery contracts while lifting its own FY27 earnings guidance to $710–750 million.

Following the announcement, the Infratil share price was up at $11.33.

The business operates 350 megawatts of deployed data capacity alongside 1.1 gigawatts of total contracted capacity.

The company stated that the expanded contracted footprint is expected to generate $2.2 billion in annualised earnings once fully deployed.