Digico Infrastructure REIT Gets Bull as Sydney Data Center Advances

Dow Jones
Jun 26
 

2221 GMT - DigiCo Infrastructure REIT is upgraded to "buy," from "hold," by Jefferies as it advances development of its SYD1 data center in Sydney. Analyst Roger Samuel says DigiCo Infrastructure REIT is making good progress with the initial 20-megawatt upgrade at SYD1. "We have reasonable confidence that the next lot of upgrade (circa 40 MW) will be underway soon," Jefferies says. Demand is very strong in Sydney and Jefferies expects DigiCo Infrastructure REIT to be able to lease out the additional capacities as they come online. "Another catalyst is a special dividend in FY27 post-sale of U.S. assets," says Jefferies. "Valuation is lower than peers." Its price target rises 7.1%, to A$3.00/share. DigiCo Infrastructure REIT ended Thursday at A$2.43. (david.winning@wsj.com; @dwinningWSJ)

 

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June 25, 2026 18:21 ET (22:21 GMT)

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