Highlights

  • DigiCo Infrastructure REIT (ASX:DGT) owns, operates and develops data-centre infrastructure in Australia and North America.
  • In May 2026, DigiCo announced a binding agreement to sell its Chicago CHI1 Facility for USD 750 million.
  • The May update confirmed practical completion of the first 15MW of a 20MW upgrade at its SYD1 facility.
  • DigiCo outlined an 88MW SYD1 development program and identified asset recycling as a source of funding.

DigiCo Infrastructure REIT (ASX:DGT) is an owner, operator and developer of data centres, with facilities and development opportunities across Australian and North American markets. DigiCo Infrastructure REIT (ASX:DGT) shares closed at AUD 2.51 on 10 November 2026. During 2026, the group outlined changes to its Capital allocation, including a proposed sale of a US facility and continued Investment in its Sydney SYD1 site.

CHI1 Sale and Capital Recycling

On 6 May 2026, DigiCo announced a binding agreement to sell its Chicago CHI1 data centre for USD 750 million. The company described the price as approximately 5% above its November 2024 Acquisition price and indicated that financial close was expected in the first quarter of FY27. The May announcement did not confirm receipt of proceeds.

DigiCo Infrastructure REIT (ASX:DGT) estimated that the CHI1 transaction could release approximately AUD 360 million in net cash after repayment of asset-level debt, subject to stated assumptions. On a pro-forma basis, the company projected that net Debt would decline to approximately AUD 0.5 billion and gearing to 17%, compared with AUD 1.5 billion and 36% respectively at 31 December 2025. These are conditional estimates, not reported post-sale balances.

The group also said it was exploring ways to realise value from its LAX1 and LAX2 sites. No completed disposal of those sites was established by the May statement.

SYD1 Capacity and Delivery Milestones

At SYD1, DigiCo confirmed in May that practical completion had been achieved for the first 15MW of a 20MW upgrade. It expected the remaining 5MW to be delivered before 30 June 2026. The announcement also said the larger 88MW development had reached a 70% design milestone, with appointment of a head contractor targeted for the third quarter of calendar 2026.

DigiCo Infrastructure REIT (ASX:DGT) described a staged timetable for additional SYD1 capacity, including a target to deliver 10MW in the second quarter of calendar 2027. These were targets. Delivery depends on construction and commissioning.

Earnings Guidance and Funding Considerations

In its February 2026 half-year update, DigiCo reaffirmed FY26 underlying EBITDA guidance of AUD 125 million, FY26 distributions of 12.0 cents per security and expected growth Capital Expenditure of AUD 160–180 million. These were forecasts, not full-year results. The company also maintained an indicated July 2026 annualised EBITDA run rate of AUD 180 million.

For DigiCo Infrastructure REIT (ASX:DGT), development spending creates a timing difference between capital outlays and Revenue from commissioned capacity. Foreign-exchange exposure, construction schedules, debt servicing and customer activation can affect reported results. The May 2026 capital recycling plan was intended to provide greater funding flexibility, but its financial effect depended on completion and the final application of proceeds.

Key Insights

DigiCo Infrastructure REIT (ASX:DGT) entered the later part of 2026 with two clearly stated priorities: advancing SYD1 and reshaping its US asset holdings. The verified May milestones establish progress on the first phase of SYD1, while later construction delivery, asset-sale settlement and realised financial effects require separate confirmation. Investors assessing the group’s performance would need to distinguish published targets from completed outcomes.