The DigiCo Infrastructure REIT (ASX: DGT) share price is having a day to forget on Monday.
In afternoon trade, the ASX 200 data centre operator's shares are down 12% to $2.80.
This follows the release of the company's full year results.
As the DigiCo Infrastructure REIT only listed on the Australian share market in December, its full year results are for the period December through to 30 June.
According to the release, the company generated revenue of $105.2 million for the period. This comprises colocation revenue of $60 million, interconnection revenue of $18.8 million, rental revenue of $14.1 million, and power and other revenue of $12.3 million.
And with total operating costs of $52.3 million, its underlying EBITDA came in at $52.9 million for the period. The ASX 200 share notes that this means its annualised underlying EBITDA is $99.1 million, which is ahead of its PDS target of $97 million.
Though, it is below the market's expectations, which may explain some of the share price weakness today.
This ultimately led to the company recording funds from operations of $39.1 million, which allowed its board to declare FY 2025 dividends per share of 10.9 cents. The latter was in line with its PDS guidance.
Possibly weighing on the ASX 200 share today has been its outlook for FY 2026.
It warned that its EBITDA growth in FY 2026 will ultimately be dependent on the timing of new contract commencements, renewals, and remixing of existing capacity in the Australian business.
Commenting on the year ahead, the company's CEO, Chris Maher, said:
Our sales pipeline has materially exceeded expectations at the time of acquisition, supported by surging demand in AI, hyperscale cloud, and enterprise segments. The commencement of the SYD1 9MW expansion, alongside progress in major developments such as Los Angeles and Chicago, ensures we are well positioned to meet this demand. These projects are designed to deliver high-quality, high-density capacity that support our customers' most advanced workloads, including AI and high-performance computing.
Its CFO, Simon Mitchell adds:
Looking ahead to FY26, we expect to deliver earnings growth underpinned by contracted rental uplifts in the U.S., accelerated leasing momentum in Australia, and the delivery of key development milestones. Demand fundamentals across our target segments remain strong and our portfolio is strategically positioned in high-growth, supply-constrained markets. DigiCo remains focused on executing our growth strategy with discipline, while delivering sustainable value creation for securityholders.
Following today's decline, this ASX 200 share is now down 36% since the start of the year.
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