Highlights

  • DigiCo Infrastructure REIT traded at AUD 1.78, with the stock down 4.72% during the session.
  • Refinitiv consensus broker rating indicates a buy recommendation with a target price of AUD 3.53.
  • The company reported Underlying EBITDA of AUD 57 million in 1H FY26 and continues development of the SYD1 expansion project.

DigiCo Infrastructure REIT (ASX:DGT) was trading lower during Wednesday’s session, but broker consensus compiled by Refinitiv indicates analysts continue to see potential upside in the stock.

At the time of writing on 11 March, DigiCo Infrastructure REIT securities were trading at AUD 1.78, down AUD 0.088 or 4.72% for the session. Over the past 12 months, the security has declined 52.49%, placing the current market price well below the consensus broker target of AUD 3.53.

Share Price and Broker Outlook

Despite the stock trading significantly below its previous levels over the past year, analyst consensus tracked by Refinitiv continues to place a higher valuation on the security.

The AUD 3.53 target price suggests a difference between current market pricing and broker expectations.

Key Financial Metrics

  • Share Price: AUD 1.78
  • Daily Change: −AUD 0.088 (−4.72%)
  • 1-Year Performance: −52.49%
  • Consensus Broker Rating: Buy
  • Consensus Target Price: AUD 3.53

1H FY26 Financial Results

In February 2026, DigiCo Infrastructure REIT reported its results for the half year ended 31 December 2025, outlining revenue growth and operational developments.

Financial results included:

  • Underlying Revenue: AUD 108 million, up 12% compared with the prior comparable period
  • Underlying EBITDA: AUD 57 million, up 15%
  • Interim Distribution: 6.0 cents per security
  • Gearing: 35.8%, within the target range of 35–45%

The company also reported AUD 658 million in available liquidity, including cash and undrawn debt facilities.

Data Centre Capacity Growth

Operationally, DigiCo reported 22MW of new contract wins across its Australian business, including 2MW in Queensland.

Following these contracts, the company said existing capacity at the SYD1 facility is now fully contracted, while total contracted IT capacity reached 85MW, representing 95% growth in the Australian business compared with the previous comparable period.

The company is also accelerating the SYD1 expansion project, which has received planning approval and secured power supply.

The expansion will add 88MW of capacity, with the first 20MW stage targeted for completion in the second quarter of calendar year 2026.

Development Pipeline and Strategy

Management indicated that the SYD1 expansion will be delivered progressively over the next three years. Based on internal estimates, the project is expected to generate around 15% yield on cost and could add approximately AUD 1.50 per security to net asset value, subject to project execution and market conditions.

The REIT is also exploring capital partnerships with Australian investors and evaluating opportunities to recycle capital from certain assets while maintaining gearing targets.

FY26 Guidance

DigiCo reaffirmed its FY26 outlook, which includes:

  • Underlying EBITDA: around AUD 125 million
  • Run-rate EBITDA target by July 2026: AUD 180 million
  • Growth capital expenditure: AUD 160 million to AUD 180 million
  • Full-year distribution: 12.0 cents per security

The distribution guidance aligns with the company’s policy of distributing 90–100% of funds from operations.

DigiCo Infrastructure REIT continues to trade below analyst target levels even as broker consensus maintains a buy rating with a target price of AUD 3.53. The company’s recent half-year results highlighted revenue and EBITDA growth alongside plans to expand data centre capacity through the SYD1 development project. Expansion of contracted capacity and ongoing development activity remain key elements of the REIT’s growth strategy.

Frequently Asked Questions (FAQs)

  1. What is the broker target price for DigiCo Infrastructure REIT?
    Refinitiv consensus data shows a target price of AUD 3.53, with brokers maintaining a buy rating.
  2. What is DigiCo Infrastructure REIT’s current share price?
    At the time of writing, the security was trading at AUD 1.78, down 4.72% during the session.
  3. What major project is DigiCo developing?
    The company is progressing the SYD1 data centre expansion, which will add 88MW of capacity over the next three years.