NZ's Infratil jumps to record high as CDC lands Australia data‑centre deal

Goodman

06/05/2026 01:47

** Infratil IFT.NZ jumps to a record NZ$14.22, rising as much as 10.7% in its biggest intraday surge since December 2020

** Infrastructure investment firm leads the benchmark stock index NZ50 .NZ50 higher, topping gainers as the index rises 0.8%

** CDC Data Centres, where IFT is a top shareholder, has clinched Australia’s "largest data centre contract", a 555 megawatt deal lifting total contracted capacity beyond 1 gigawatts - IFT

** IFT says the 30‑year deal with a U.S. customer, including up to 20 years of renewals, will roll out across CDC campuses under development, coming online in FY28-FY29

** Citi lifts target price to NZ$15.70 from NZ$14.20, reiterates "buy" rating

** , and flags upside from NAV accretion and a narrowing discount, with positive spillovers for data‑centre peers like landlord Goodman GMG.AX

** YTD, IFT has surged 26.4%, sharply outperforming the NZ50’s 3% decline.

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))