Digico Infrastructure REIT Reports Strong H1 Earnings

New CEO highlights clear operating momentum, plans to narrow valuation gap and apply more disciplined capital allocation.

Published on Feb. 27, 2026

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Digico Infrastructure REIT (ASX:DGT) outlined what newly appointed CEO Michael Juniper described as 'clear operating momentum' during the company's first-half FY2026 earnings call, pointing to rising contracted capacity in Australia, accelerating development activity at its Sydney One (SYD1) site, and a balance sheet positioned to fund near-term growth.

Why it matters

As a leading digital infrastructure REIT, Digico's performance and growth plans are closely watched by investors seeking exposure to the booming data center and connectivity sectors. The company's ability to execute on its SYD1 expansion and maintain a strong balance sheet will be key to driving shareholder value.

The details

Juniper, who joined the business two months ago, outlined his near-term priorities including narrowing the gap between Digico's market valuation and net asset value, sharpening organizational accountability, and applying a more disciplined approach to capital allocation and recycling. Management expects to achieve AUD 5 million in annual OpEx savings as part of an organizational redesign. The company upgraded its FY2026 underlying EBITDA guidance to AUD 125 million and maintained its full-year distribution guidance of AUD 0.12 per security.

  • Digico ended the first half with AUD 349 million in cash and net debt of AUD 1.51 billion, which were largely flat over the period.
  • Capital expenditure totaled AUD 50 million in the first half, with higher spending anticipated in the second half as the SYD1 20-megawatt project completes.

The players

Michael Juniper

Newly appointed CEO of Digico Infrastructure REIT, with nearly 20 years of experience in the data center industry.

Ralph Goninan

Chief Development Officer of Digico Infrastructure REIT, overseeing the company's expansion projects.

Digico Infrastructure REIT

An Australian-listed real estate investment trust that owns and manages a portfolio of digital infrastructure assets.

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What they’re saying

“Our most significant growth opportunity and a scarce Tier One global carrier hotel in a tightly held market.”

— Michael Juniper, CEO (themarketsdaily.com)

“The next 20 megawatts of capacity at Sydney One are now 100% contracted and we are focusing on expanding the site to 88 megawatts as quickly as possible.”

— Michael Juniper, CEO (themarketsdaily.com)

What’s next

Digico plans to appoint a head contractor for the 88MW expansion of its Sydney One data center project by Q3 of the calendar year.

The takeaway

Digico's focus on executing its SYD1 expansion, maintaining a strong balance sheet, and applying a more disciplined capital allocation approach under new leadership positions the company well to capitalize on growing demand for digital infrastructure in Australia.