What DigiCo Infrastructure REIT does

DigiCo Infrastructure REIT (ASX: DGT) is an Australia-listed real estate investment trust that owns and operates a portfolio of 13 carrier-and-cloud-neutral data centres across Australia and North America, providing colocation, managed services, connectivity, and bespoke build solutions to government, enterprise, and hyperscale customers. The platform comprises 85MW of contracted IT capacity with a 239MW development pipeline, anchored by the SYD1 campus in Sydney CBD (the only large-scale facility with Australian Government Hosting Certification Framework 'Certified Strategic' status) and supported by HCF, DTA, SCEC, DISP, ISO, PCI DSS, and Uptime Institute Tier III/IV certifications. The business generated A$108M in H1 FY2026 revenue (+11.5% YoY) and A$57M EBITDA (+15% YoY), with FY26 EBITDA guidance upgraded to A$125M and a run-rate target of A$180M by July 2026.

Revenue mechanics are anchored in long-term multi-year colocation contracts on a quote-based pricing model (priced per MW of power and square meter of net lettable area), supplemented by custom build project fees, managed services (remote hands, security, cross connects), and asset-level monetization transactions (notably the US$750M Chicago CHI1 sale in May 2026). The go-to-market is direct enterprise field sales via dedicated teams in Australia and North America, with no channel or reseller model. Customer segments are diversified across Australian Federal/State government (SYD1, ADL1, BNE2 via CITEC), enterprise tenants (an investment-grade anchor consolidated five data centres into DAL1/KCM1), and emerging hyperscale/AI demand supported by liquid cooling trials at BNE2 and 88MW of SYD1 expansion.

The company was established by HMC Capital (ASX: HMC, A$19.5B+ AUM), which retains approximately 18% post-IPO, and listed on the ASX in December 2024 via an upsized A$2.746 billion IPO seeded with Global Switch Australia (A$1.937B), iseek (A$400M), and three North American data centres (US$1.5B). In 2026, the portfolio is being reshaped — the US$750M CHI1 divestiture and Monterey Park project termination (after community opposition) signal a deliberate pivot back toward Australia, where development pipelines (SYD1 88MW, BNE3 19.6MW by 2027) and government sovereign positioning are the primary growth engines.

Name

DigiCo Infrastructure REIT

Legal name

HMC Digital Infrastructure Ltd (DigiCo StapleCo) and Equity Trustees Limited as Responsible Entity for HMC Digital Infrastructure Trust (DigiCo Trust)

Website

https://digi-co.com.au

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

DigiCo Infrastructure REIT (ASX: DGT) is an Australia-listed digital infrastructure REIT operating 13 carrier-neutral data centres across Australia and North America, providing colocation, managed services, and connectivity to government, enterprise, and hyperscale customers with 85MW contracted and 239MW planned IT capacity.

Ownership category

akta.pro rank

Product category

Data Centre Colocation and Digital Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computer Facilities Management Services (541513)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

Wholesale Colocation (Powered Shells / Suites) (HDABACAB)

akta.pro secondary industry

Network, Infrastructure & Data Center Integration (BPAEAAAK)

Keywords

• Data centre colocation
• Carrier neutral infrastructure
• Hyperscale data centres
• Enterprise cloud services
• Digital infrastructure REIT

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Others

Revenue model

1. Colocation and Hosting Services: Recurring revenue from colocation services including rack space, power, and connectivity. Revenue of $108 million in H1 FY2026 (up 11.5%) with 41MW of Australian contracted capacity growing 95% from June 2025. Enterprise and government customers with long-term lease structures.
2. Custom Build and Design Services: Bespoke builds, project management and delivery, and turnkey solutions from concept to completion. End-to-end execution leveraging top global suppliers for innovation, cost-efficiency, and timely delivery.
3. Managed Services: Bespoke deployments, security and access solutions, connectivity and cross connects, staging and storage, remote hands, and on-site facilities management.
4. Asset Monetization: Strategic asset sales to reduce debt and refocus portfolio. Chicago CHI1 sold for $750 million at approximately 5% premium on purchase price paid in November 2024.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

DigiCo Infrastructure REIT owns, develops, and operates a global portfolio of carrier and cloud-neutral data centre facilities across Australia and North America, providing colocation (private suites, cages, racks, meet-me rooms), bespoke design and build, managed customer services, network connectivity, and enterprise and protected cloud solutions. Its facilities range from enterprise-grade to hyperscale-ready (up to Uptime Institute Tier IV) and are positioned to serve government, enterprise, and hyperscale customers under long-term contracts.

Product overview

DigiCo Infrastructure REIT operates as a global data centre REIT with 13 properties across Australia and North America, offering 85MW of contracted IT capacity and 239MW planned capacity. The portfolio includes purpose-built facilities ranging from enterprise-grade (ADL1, ADL2, Brisbane BNE, Townsville TSV1) to hyperscale-ready (Sydney SYD1, Brisbane BNE2/BNE3). The platform provides colocation services (private suites, cages, racks, meet-me rooms), design and build solutions, and managed customer services. The ecosystem also includes network services, enterprise cloud, and protected cloud offerings for government customers. The REIT was established in December 2024 via a $2.746bn IPO, seeded by acquisitions of Global Switch Australia, iseek, and three North American data centres.

Differentiator

Problem solved

Functional benefit

Products and services

• Asia Pacific Data Centres Carrier and cloud-neutral data centre facilities across Australia, including Adelaide (ADL1, ADL2), Brisbane (BNE, BNE1, BNE2, BNE3), Sydney (SYD1), and Townsville (TSV1). Facilities range from enterprise-grade to hyperscale-ready with Tier II to Tier IV specifications, including liquid cooling at BNE2 and the BNE3 greenfield 19.6MW development targeted for 2027 delivery.
• North America Data Centres Data centre facilities in the United States including Chicago CHI1 (32MW, sold in 2026), Dallas DAL1 (approximately 11,015 sqm NLA, 4.5MW installed IT capacity), and Kansas City KCM1 (approximately 18,000 sqm NLA, 7.5MW IT power capacity). Enterprise-grade facilities with investment-grade tenancy and long-term leases.
• Colocation Services Space and power solutions including Private Suites (fully enclosed customisable spaces with 24/7 control), Cages (secure flexible environments), Racks (colocation-ready infrastructure), and Meet Me Rooms (interconnection hubs). Delivered under multi-year contracts with quote-based pricing tied to MW, NLA, and contract length.
• Design and Build Services End-to-end data centre development services including Bespoke Builds (high-density energy-efficient designs), Project Management and Delivery, and Turnkey Solutions from consultation to full deployment, executed by leveraging top global suppliers for innovation, cost-efficiency, and timely delivery.
• Customer Services Operational support services including Bespoke Deployments (structured cabling, heat load management), Security and Access controls, Connectivity and Cross Connects, Staging and Storage, Remote Hands support, and On-site Facilities management.
• Network Services High-performance connectivity featuring ultra-low latency, private networking, direct cloud access, SD-WAN, dark fibre, DDoS protection, and enterprise-grade cybersecurity, delivered across carrier-neutral network-dense facilities with direct connections to internet exchanges, submarine cables, and major cloud providers.
• Enterprise Cloud Customisable private and hybrid cloud options with direct low-latency connections to major cloud providers and high-availability built-in redundancy for enterprise customers.
• Protected Cloud Advanced security cloud services for government and critical infrastructure organisations, featuring compliance with data sovereignty requirements, enterprise-grade security, cyber threat protection, and isolated high-security environments aligned with HCF, SCEC, and DISP frameworks.

Quantifiable outcome

• Revenue of $108 million (up 11.5%) and EBITDA of $57 million (up 15%) in H1 FY2026
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• StratCap Digital Infrastructure REIT (HMC Capital)coreStrategic or Co-development Partner · 1 April 2024Joint development partner for US data centre projects including Monterey Park, California project. StratCap is HMC Capital's New York-based nontraded REIT. Joint project blocked by community opposition and Monterey Park ballot measure.
• Brisbane Airport CorporationminorOthersLand lease provider for BNE1 (lease to 2049 with option to extend to 2096) and option for BNE3 adjacent site expansion.
• Townsville City CouncilminorOthersLand lease provider for TSV1 data centre until 2049. Council is the land owner with DigiCo responsible for fit-out and operations.
• RW WileyminorOthersLand lease provider for Brisbane BNE facility until 2035. BNE is connected to BNE1 and BNE2 campuses via 60km dark fibre ring.

Scale indicators9 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• NEXTDC: Australia's largest independent colocation data centre operator (ASX: NXT) operating enterprise and hyperscale facilities across Australia. Directly comparable to DigiCo on customer segments (enterprise, government, hyperscale), carrier-neutral model, and sovereign cloud positioning in the same Australian geographies.
• AirTrunk: Asia-Pacific hyperscale data centre platform with 300+MW delivered across APAC. DigiCo's CTO Denis Larkan was a founding team member, and both companies serve hyperscale AI/cloud customers with high-density facilities in the same APAC markets.
• Global Switch: International carrier-neutral data centre operator with flagship Sydney campus (acquired by HMC as DigiCo's seed asset via the Global Switch Australia acquisition). Highly relevant as the predecessor platform that seeded DigiCo's Australian footprint.

Broad incumbents

• Equinix: Global colocation leader (Nasdaq: EQIX) operating interconnection-dense IBX data centres worldwide. Overlaps with DigiCo on carrier-neutral colocation for enterprise and network customers, but at much larger scale and global footprint.
• Digital Realty: Global data centre REIT (NYSE: DLR) operating PlatformDIGITAL across the Americas, EMEA and APAC. DigiCo's North American MD Bryan Marsh previously served as VP at Digital Realty, and the platforms compete for the same hyperscale/enterprise customers.
• Keppel DC REIT: Singapore-listed data centre REIT owning and operating facilities across APAC and Europe. Comparable listed-vehicle structure and APAC exposure to DigiCo, though larger and more diversified geographically.
• Iron Mountain Data Centers: US-listed (NYSE: IRM) data centre and storage operator with colocation footprint across the Americas, EMEA and APAC. Comparable as a publicly-listed data centre operator offering colocation, cloud connectivity and managed services to enterprise and government.

Regional players

• Macquarie Data Centres (Macquarie Telecom): Australian data centre operator (ASX: MAQ) with Intellicentre campuses in Sydney and Canberra serving government and enterprise. Strongly comparable sovereign-data-centre positioning to DigiCo's SYD1 Certified Strategic status, competing for the same Australian Federal/State government contracts.

Emerging players

• GDS Holdings: Asia-Pacific carrier-neutral data centre provider (Nasdaq: GDS, HKEX: 9698) focused on China and SE Asia. Comparable on APAC hyperscale positioning and carrier-neutral platform, with overlapping customer base in cloud and AI workloads.
• Vantage Data Centers: Global hyperscale data centre platform with campuses across North America, EMEA and APAC. Directly overlaps with DigiCo's DAL1, KCM1 and CHI1 operations in serving hyperscale enterprise tenants on long-term leases with multi-MW contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DigiCo Infrastructure REIT