DigiCo Infrastructure REIT beats guidance with $127M EBITDA

• DigiCo Infrastructure REIT delivered an underlying EBITDA of $127 million for the full year ended June 30, topping its market guidance of $125 million.
• Following the financial results announcement, the DigiCo Infrastructure REIT share price was unchanged at $2.79.
• The company accelerated its SYD1 data centre expansion to meet record customer demand while maintaining a target leverage range.

DigiCo Infrastructure REIT (ASX:DGT) reported underlying EBITDA of $127 million for the year ended June 30, surpassing its financial guidance of $125 million.

The group generated $239 million in underlying revenue and $71 million in adjusted funds from operations, alongside a distribution per security of 12 cents.

Management completed a 20MW upgrade at its SYD1 site and signed letters of intent for the remaining 52MW of capacity, bringing the total project footprint to 88MW.

Record customer demand for near-term data centre capacity in Sydney has enabled DigiCo to sign LOIs with high-quality customers for the remaining 52MW of capacity.

Following the announcement, the DigiCo Infrastructure REIT share price was unchanged at $2.79.

The trust extended its US lease agreements for the Kansas City and Dallas-Fort Worth properties out to 10-year terms expiring in 2036.

To finance development, the company maintains $706 million in available liquidity and expects gearing to fall to a pro-forma 18% upon completing planned US asset sales.

For FY27, underlying EBITDA is expected to be between $120 and $125 million, inclusive of 2 months of CHI1 EBITDA. Capex in FY27 is expected to be $300 – $500 million, largely driven by SYD1 52 MW capacity expansion, and expected to be 2H weighted.