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Digico Infrastructure REIT ( (AU:DGT) ) has issued an announcement.
DigiCo Infrastructure REIT has agreed to sell its Chicago CHI1 data centre for US$750m to a North American fund manager, at a modest premium to its 2024 purchase price, and plans to monetise its LAX1 and LAX2 sites while retaining its Kansas City and Dallas Fort Worth centres. The move is part of a capital recycling strategy aimed at closing the discount to net asset value by shifting funds from lower-return U.S. assets into higher-return developments.
The CHI1 sale is expected to cut pro forma net debt from $1.5bn to about $0.5bn, reduce gearing from 36% to 17%, and lift available liquidity to roughly $0.9bn, materially strengthening the balance sheet. This bolstered position underpins the accelerated rollout of the 88MW SYD1 expansion, supports potential capital management initiatives such as enhanced near-term distributions above FFO, and positions DGT to benefit from strong demand and anticipated FFO accretion from FY27.
DGT has already reached practical completion on 15MW of a 20MW SYD1 upgrade, with the remaining 5MW due by 30 June 2026, underscoring its execution capability in a live facility. With SYD1 designated a ‘Certified Strategic’ site under the federal Hosting Certification Framework and backed by a deep network ecosystem of about 120 interconnections, the trust expects robust demand for the staged 88MW build-out over the next three years.
The most recent analyst rating on (AU:DGT) stock is a Buy with a A$3.30 price target. To see the full list of analyst forecasts on Digico Infrastructure REIT stock, see the AU:DGT Stock Forecast page.
More about Digico Infrastructure REIT
DigiCo Infrastructure REIT (DGT) is a digital infrastructure real estate investment trust focused on data centre assets in key global markets, including the U.S. and Australia. Its portfolio includes major colocation and network-dense facilities such as SYD1 in Sydney, as well as data centres in Chicago, Kansas City and Dallas Fort Worth, targeting sustained demand from cloud and connectivity customers.
Average Trading Volume: 2,812,543
Technical Sentiment Signal: Hold
Current Market Cap: A$1.31B
See more data about DGT stock on TipRanks’ Stock Analysis page.