The DigiCo Infrastructure REIT Stapled Securities (ASX: DGT) share price is in focus today after the company released its first-half FY26 result, featuring 12% revenue growth and fully contracted capacity at the flagship SYD1 data centre.
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What did DigiCo Infrastructure REIT report?
- Underlying revenue up 12% to $108 million compared to the prior half
- Underlying EBITDA rose 15% to $57 million
- 1H FY26 distribution of 6.0 cents per security, in line with guidance
- Gearing steady at 35.8%, at the low end of the 35–45% target range
- Contracted IT capacity jumped 95% in Australia to 85MW
- $658 million in available liquidity to fund near-term growth
What else do investors need to know?
The SYD1 facility has reached full contract capacity and is set for a significant 88MW expansion, now fast-tracked due to stronger-than-expected demand. The first stage of this project, a 20MW addition, is targeting completion in Q2 of calendar year 2026.
DigiCo is also delivering cost savings via an organisational redesign, aiming to cut operating expenses by roughly $5 million per year. The company's board and management reaffirm their focus on strategic moves to close the share price discount to net asset value (NAV), including exploring capital partnerships and recycling US assets into higher-return projects.
What did DigiCo Infrastructure REIT management say?
Chief Executive Officer Michael Juniper said:
DGT enters the second half of FY26 with strong momentum and a clear path to unlocking long term value. In the past six months, we have demonstrated the strength of our underlying platform, secured substantial new capacity, executed meaningful steps to simplify our operating model and materially accelerated our capacity expansion at SYD1.
Every action we're taking is about closing the gap between DGT's NAV and security price to ensure our market valuation reflects the underlying value of our assets and growing earnings base. We are focused on delivering sustainable, high quality growth for our investors.
What's next for DigiCo Infrastructure REIT?
DigiCo has reaffirmed guidance for FY26, expecting underlying EBITDA at the top end of its $120–$125 million outlook, undeterred by currency headwinds. July 2026 run-rate EBITDA is forecast to remain at $180 million, and capex for growth is anticipated between $160 million and $180 million to drive the ambitious SYD1 expansion.
The board remains focused on balancing sustainable gearing while securing capital partners for further growth. Shareholders can expect a full-year distribution of 12.0 cents per security, maintaining a payout policy of 90–100% of funds from operations.
DigiCo Infrastructure REIT share price snapshot
Over the past 12 months, DigiCo hares have declined 52%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.
