Australia's DigiCo Infrastructure REIT falls on annual earnings miss

DigiCo Infrastructure REIT

18/08/2025 04:04

** Shares of DigiCo Infrastructure REIT DGT.AX tumbles as much as ~13% to A$2.780; biggest intraday pct loss since late-Jan

** Data centre operator last down 9.7%

** Top loser on benchmark ASX200 .AXJO, which is flat

** FY25 EBITDA of A$52.9 mln ($34.46 mln) misses VA consensus estimates by 6%; rev also misses by 4% - Jefferies

** Brokerage flags higher-than-expected corporate costs and management fees

** Jefferies notes DGT's target of 27 MW IT capacity at SYD1 ops in Sydney by June 2026, nearly 7MW additions; calls it positive if achieved

** Co names Chris Maher as CEO; former CEO Damon Reid now COO

** YTD, stock down nearly 35% vs benchmark's 9.5% gain

($1 = 1.5352 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))