Want to see AU:DGT full AI Analyst Report?
Digico Infrastructure REIT (DGT) AI Stock Analysis
Digico Infrastructure REIT
(ASX:DGT)
The score is held back primarily by weak financial quality (still sizable net losses and negative free cash flow despite improved operations) and bearish technicals (trading below all major moving averages with negative momentum). A relatively attractive dividend yield provides some support but is outweighed by profitability and trend risks.
Digico Infrastructure REIT (DGT) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 1.25B
- Dividend Yield
- 5.38%
- Average Volume (3M)
- 1.73M
- Price to Earnings (P/E)
- -15.0
- Beta (1Y)
- 1.74
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Australia
- Employees
- 47
- Sector
- General
- Sector Strength
- 55
- Industry
- REIT - Specialty
Digico Infrastructure REIT Business Overview & Revenue Model
Company Description
DigiCo Infrastructure REIT (DGT) is a diversified owner, operator and developer of data centres, with a global portfolio and broad investment mandate across Stabilized, Value-add and Development opportunities. DGT’s portfolio consists of data center...
How the Company Makes Money
DGT makes money by owning telecommunications infrastructure real estate and monetizing it through contracted access and tenancy arrangements with telecom customers. Its core revenue stream is recurring rental or access income paid by mobile network o...
Digico Infrastructure REIT Earnings Call Summary
The call conveyed material operating momentum: double-digit revenue and EBITDA growth, strong Australian leasing activity (41 MW contracted, +95% vs June 2025), derisking and attractive economics for the SYD1 expansion (20 MW on track, full 88 MW targeting ~15% yield on cost), solid liquidity ($658M) and upgraded FY26 EBITDA guidance to $125M. Offsetting items include execution/timing risk on Los Angeles approvals, capital-partnering uncertainty, accounting complexities around Chicago pre-completion income, and a significant net debt balance. On balance, the positive operational progress, upgraded guidance, derisked high-return development pipeline and ample near-term liquidity outweigh the medium-term funding and execution uncertainties.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management upgraded FY‑26 underlying EBITDA guidance to $125m (top of prior $120–125m range) and reiterated a July‑2026 annualized run‑rate EBITDA target of $180m, while maintaining FY‑26 growth CapEx of $160–180m; H1 revenue was $108m (+11.5%), H1 underlying EBITDA $57m (+15%), adjusted FFO $30.5m and H1 CapEx $50m. The group declared a H1 distribution of $0.06 per security (implying $0.12 for the year and a 90–100% FFO payout policy), equating to a 5.3% annualized yield, and noted cash of $349m, undrawn facilities of $309m (total liquidity $658m), net debt $1.51bn, gearing 35.8% (target 35–45%), NAV $4.50ps (adjusted NAV $4.62ps) and interest hedged at an all‑in ~6% with WA debt tenor 3.4 years and no maturities before FY‑29. Operationally, Australia signed 22MW in H1 taking Australian contracted capacity to 41MW (95% growth since June‑25), SYD1’s next 20MW tranche is 100% contracted and on track for delivery in the June quarter, and the full 88MW SYD1 program (over ~3 years, two years ahead of the IPO plan) is targeted to deliver a 15% yield on cost and at least $1.50 of NAV per security; management also flagged >50MW embedded upside at SYD1, a qualified pipeline >200MW, and a $15m/MW build metric (c. $930m for the incremental 62MW).
Digico Infrastructure REIT Financial Statement Overview
Summary
FY2026 shows a meaningful operational rebound with revenue up 8.1%, gross profit turning positive, EBITDA margin improving to ~48.7%, and operating cash flow rising sharply (~93.2M). However, the business remains loss-making (net margin ~-46.5%) and free cash flow is still negative (~-76.9M), limiting the score despite the improvement.
Income Statement
38NegativeBalance Sheet
56NeutralCash Flow
34Negative| Breakdown | TTM | Jun 2025 | Jun 2025 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 138.83M | 74.39M | 144.67M |
| Gross Profit | 1.53M | -32.92M | -63.79M |
| EBITDA | 117.98M | 15.49M | 72.48M |
| Net Income | -10.02M | -44.35M | -69.75M |
Balance Sheet | |||
| Total Assets | 3.04B | 2.99B | 3.05B |
| Cash, Cash Equivalents and Short-Term Investments | 164.97M | 278.39M | 166.34M |
| Total Debt | 1.28B | 1.23B | 1.28B |
| Total Liabilities | 1.45B | 1.35B | 1.45B |
| Stockholders Equity | 1.59B | 1.64B | 1.59B |
Cash Flow | |||
| Free Cash Flow | -43.85M | -1.26B | -76.95M |
| Operating Cash Flow | 83.50M | 16.59M | 93.21M |
| Investing Cash Flow | -128.27M | -2.10B | -166.89M |
| Financing Cash Flow | -80.51M | 2.36B | -69.20M |
Digico Infrastructure REIT Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DGT, the sentiment is Negative. The current price of 2.23 is above the 20-day moving average (MA) of 2.16, below the 50-day MA of 2.41, and below the 200-day MA of 2.35, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 50.49 is Neutral, neither overbought nor oversold. The STOCH value of 87.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DGT.
Digico Infrastructure REIT Peers Comparison
Overall Rating
AU:DXI79Outperform
AU:GMG69Neutral
AU:CIP67Neutral
AU:DXS64Neutral
AU:GOZ50Neutral- AU:DGT45Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:DXI | 79Outperform | AUD 740.10M | 10.07 | 7.93% | 6.92% | -12.18% | -11.49% |
| AU:GMG | 69Neutral | AUD 55.48B | 19.85 | 11.41% | 1.11% | 17.33% | 59.19% |
| AU:CIP | 67Neutral | AUD 1.79B | 11.04 | 6.45% | 5.90% | 6.35% | 22.57% |
| AU:DXS | 64Neutral | AUD 6.13B | 13.04 | 4.83% | 6.45% | -28.16% | 250.74% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| AU:GOZ | 50Neutral | AUD 1.48B | 16.51 | 3.90% | 9.36% | -0.03% | ― |
| AU:DGT | 45Neutral | AUD 1.25B | -15.01 | -3.57% | 5.38% | ― | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:DGT | Digico Infrastructure REIT | 2.23 | -0.30 | -11.89% | |
| AU:DXS | Dexus | 5.74 | -1.06 | -15.56% | |
| AU:GMG | Goodman Group | 27.00 | -5.64 | -17.27% | |
| AU:GOZ | Growthpoint Properties Australia | 1.97 | -0.39 | -16.67% | |
| AU:DXI | Dexus Industria REIT | 2.40 | -0.25 | -9.54% | |
| AU:CIP | Centuria Industrial REIT | 2.87 | -0.45 | -13.50% |
Digico Infrastructure REIT Corporate Events
Digico Infrastructure REIT Fully Contracts Sydney Data Centre After Major 71MW Deal
Digico Infrastructure REIT has secured a landmark 71MW, 15-year contract with a global technology firm, backed by investment-grade credit support, taking its SYD1 data centre project in Sydney to 100% contracted capacity across 88MW. The deal follows...
DigiCo Infrastructure REIT Sets 2026 AGM and Pushes Paperless Meeting Materials
DigiCo Infrastructure REIT has invited securityholders to its 2026 annual general meeting for HMC Digital Infrastructure Ltd and the HMC Digital Infrastructure Trust, to be held in person in Sydney on 11 November 2026. The meeting notice, voting deta...
DigiCo Infrastructure REIT sets date for 2026 AGM in Sydney
DigiCo Infrastructure REIT has scheduled its 2026 annual general meeting for 11 November 2026 at 11.30am in Sydney, with securityholders invited to attend in person or participate via proxy. The stapled group is also offering a live webcast for viewi...
Digico Infrastructure REIT Announces Departure of Trust Director Without Security Interests
Digico Infrastructure REIT has announced a board change involving Russell Beasley, a director of Equity Trustees Limited, which serves as the responsible entity for the HMC Digital Infrastructure Trust within the REIT structure. His cessation as a di...
State Street Group Ceases to Be Substantial Holder in Digico Infrastructure REIT
State Street Corporation and its asset management subsidiaries, including State Street Global Advisors entities across Australia, the U.S., Europe and Japan, have lodged a notice indicating they have ceased to be substantial holders in Digico Infrast...
DigiCo Infrastructure REIT sets 2026 AGM date and board nomination deadline
DigiCo Infrastructure REIT has announced that its 2026 Annual General Meeting of securityholders will be held on 11 November 2026, with the specific time and further details to be provided in a forthcoming notice. The company also set 30 September 20...
DigiCo Infrastructure REIT Sells U.S. Data Centres to Fund Sydney Expansion
DigiCo Infrastructure REIT (ASX: DGT) is a diversified data centre owner, operator and developer, with an investment mandate covering stabilised, value-add and development assets. The REIT targets digital infrastructure in major markets, using capita...
DigiCo Infrastructure REIT boosts director’s indirect stake via equity-paid management fees
DigiCo Infrastructure REIT has disclosed a change in director interests involving David Anthony Di Pilla, a director of HMC Digital Infrastructure Ltd, through a network of controlled entities and trusts. His relevant holdings are primarily indirect,...
DigiCo Infrastructure REIT Issues Securities to Pay Management Fee
DigiCo Infrastructure REIT has issued 748,128 stapled securities to its Investment Manager’s nominee as payment in kind of the management fee for the period from 1 June to 30 June 2026. The securities were issued without a prospectus under stat...
DigiCo Infrastructure REIT Director Increases Equity Holding via Board Fee Rights
DigiCo Infrastructure REIT has disclosed a change in the security holdings of non‑executive director The Hon. Kelly O’Dwyer following the exercise of rights granted under the company’s equity plan. O’Dwyer converted 9,890 righ...
DigiCo Infrastructure REIT Sets 6.0 Cent Half-Year Distribution With No Fund Payment Component
DigiCo Infrastructure REIT has declared a cash distribution of 6.0 cents per stapled security for the six months to 30 June 2026, payable around 28 August 2026, with the ex-date set at 29 June and record date at 30 June. No dividend was determined fo...
DigiCo Infrastructure REIT lodges ASX governance statement and Appendix 4G
DigiCo Infrastructure REIT has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX and published it on its website in line with listing rule obligations. The statement, approved by the boards of HMC Digital Infrastr...
DigiCo Beats FY26 Guidance as It Accelerates Australian Data Centre Expansion
DigiCo Infrastructure REIT reported full-year FY26 Underlying Revenue of $239 million and Underlying EBITDA of $127 million, exceeding guidance, while maintaining gearing at 39% within its target range and distributing 12.0 cents per security. Liquid...
DigiCo Infrastructure REIT Lifts Revenue but Posts Wider Annual Loss
DigiCo Infrastructure REIT reported a sharp rise in revenue and interest income to $216.8 million for the year ended 30 June 2026, up 90% from the prior period’s $113.9 million, but the stapled group’s loss after tax widened to $100.8 mil...
DigiCo Infrastructure REIT Names Co-Heads as Focus Shifts to Data Centre Growth
DigiCo Infrastructure REIT has appointed Chief Financial Officer Simon Mitchell and Chief Development Officer Ralph Goninan as Co-Heads of DGT, effective 21 August 2026, with Interim Chief Executive Officer Chris Maher stepping down. The board highli...
DigiCo Infrastructure REIT to Release Escrowed Securities After FY26 Results
DigiCo Infrastructure REIT, a global data centre owner and developer, operates a diversified portfolio of stabilised, value-add and development assets that support digital infrastructure and data connectivity worldwide. The trust’s strategy tar...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 17, 2026