NZ Infratil's shares fall as data centre unit valuation lowered

Infratil

07/10/2026 04:53

** Shares of New Zealand's Infratil IFT.NZ drop as much as 1.7% at NZ$13.5700, hitting their lowest level since September 15                                        
** Infrastructure investment co posts lowers September quarter valuation for unit, Canberra Data Centres, to A$18.45 billion ($12.86 billion) compared to A$18.53 billion in the previous quarter
** Unit's independent valuation fell slightly, suggesting higher interest rates are starting to weigh on valuations, says Citi
** Brokerage adds project cost inflation, regulatory roadblocks, greater competition in data centres could affect earnings 
** Citi maintains bullish outlook and rates the stock "buy" on growth pipeline
** Ten of thirteen analysts rate the stock "buy" or higher, and three rate it "hold" ; their median PT is NZ$17.23 – data compiled by LSEG 
** Stock up 23% YTD


($1 = 1.4345 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com;))