9th Mar 2023 11:25
(Alliance News) - Digital 9 Infrastructure PLC on Thursday said its net asset value and earnings per share both increased across 2022, while it declared a fourth-quarter interim dividend, increasing its total yearly payout to shareholders.
The London-based investor in digital infrastructure said NAV per share on an IFRS basis was 109.76 pence each on December 31, up 4.9% from 104.62p a year earlier.
Shares in Digital 9 were down 0.2% to 82.20p each in London on Thursday morning.
Earnings per share in 2022 rose 14% to 11.09p from 9.77p in 2021.
However, it said the 2022 NAV total return was 10.4%, weakening from 13.1% in 2021, although still firmly in positive territory.
Digital 9 declared a fourth-quarter interim dividend of 1.5p per share, unchanged from a year earlier, taking the total 2022 payout to 6.0p. The total payout was 4.5p in 2021. Its initial public offering was in March 2021. It also targets paying 6.0p per share to shareholders across 2023.
It said its diversified portfolio of nine high-quality data centres, subsea fibre, wireless and terrestrial fibre assets continued to perform strongly during the year in line with management expectations.
"The company's first 18 months since initial public offering were characterised by accretive portfolio growth through targeted acquisitions, supporting sustainable and growing income and capital growth for our shareholders," said Chair Phil Jordan.
"As a FTSE 250 investment company since December 2022, the company is proud to own and actively manage an unrivalled GBP1.2 billion portfolio of nine high-quality Digital Infrastructure investments. We continue evaluating complementary sources of growth capital to support our investee companies, as previously announced."
Looking ahead, Digital 9 said the board and its investment manager are focused on portfolio optimisation and value creation.
This is "as well as leveraging the synergies between the platform investments within the portfolio", said Jordan.
He continued: "We intend to continue reinvesting in our subsea and data centre platforms to fulfil the accelerated customer demand and create long-term opportunities for sustainable income and capital growth for the portfolio.
"I remain confident in the company's future ability to continue generating sustainable and growing income and capital growth for our shareholders, and we thank our shareholders for their support during the year."
By Greg Rosenvinge, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
Digital 9