Why DigiCo, HMC Capital, Infratil, and Qantas Shares Are Taking Off Today
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
Australia’s DigiCo Selling Chicago Data Centre for $750M
ASX-listed DigiCo Infrastructure REIT has agreed to sell its nearly complete Chicago data centre for $750 million, according to a statement released on Wednesday, as the trust’s sponsor, HMC Capital, struggles with underperforming investments. DigiCo has agreed to sell its... Read More>> The post Australia’s DigiCo Selling Chicago Data Centre for $750M in US Market Retreat appeared first on Mingtiandi.
Why DigiCo, HMC Capital, Infratil, and Qantas shares are taking off today
The S&P/ASX 200 Index (ASX: XJO) is back on form and charging higher. In afternoon trade, the benchmark index is up 0.85% to 8,754.3 points. Four ASX shares that are rising more than most today are listed below. Here's why they are storming higher: DigiCo Infrastructure REIT (ASX: DGT) The DigiCo Infrastructure REIT share price is up 22% to $2.89. This morning, the data centre company announced a binding agreement to sell its CHI1 facility in …
DigiCo offloads US asset for $1bn
DigiCo - HMC Capital's infrastructure REIT - has offloaded a Chicago-based asset for just over $1 billion (US$750m) at a 5% premium, increasing its liquidity to around $900 million. This comes after DigiCo was forced to withdraw its application for a data centre project at LAX1 in California after advice from the city council indicated planning approval for a data centre at the location was uncertain. At the time, DigiCo said the LAX1 and LAX2 a…
DigiCo Infrastructure REIT (ASX:DGT) US$750m sale cuts debt and funds SYD1
DigiCo Infrastructure REIT (ASX:DGT) has made the kind of move investors usually ask for when a stock is trading below its asset value. It has sold a major offshore asset, cut balance sheet risk and redirected capital toward the growth project it believes can deliver better returns. The binding sale of the CHI1 Chicago data centre for US$750 million does not just tidy up the portfolio. It reduces pro forma net debt from A$1.5 billion to around A…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
