3 Data Center REIT Stocks for AI Infrastructure Growth

AI optimism is flooding into data infrastructure even as warnings about a possible bubble and rising funding costs get louder. That mix of excitement and anxiety is pushing investors to rethink how they view data center REITs and colocation operators tied to hyperscaler and AI spending. This article walks through three stocks from a global screener exposed to those themes, describing where some investors see opportunity and where caution still matters.

The three stocks below are only a starting sample from this idea. The full screen surfaces 10 more data center REITs and colocation operators that some investors may view as having equally compelling narratives that are not covered here. To identify and analyze the rest of the field, head straight into the Global Data Center REITs and Colocation Operators screener.

SEGRO (LSE:SGRO)

Overview: SEGRO is a UK REIT that owns and develops warehouses, industrial sites and data centres across key UK and European transport hubs.

Operations: SEGRO generates most income from £630 million of rental revenue, primarily in the United Kingdom at £473 million, with additional contributions from Continental Europe.

Market Cap: £12.3 billion

SEGRO matters for this screener because it links modern logistics parks with power-rich data center sites. This gives investors exposure to both tenant rent rolls and digital infrastructure demand inside the same real estate platform.

"The "190 MVA" power reserve, frequently highlighted in reports, is a hidden treasure on SEGRO's balance sheet. Considering the cost and time involved in acquiring a new connection to the London grid, the value of this reserve is far more than just a "permit."

What happens to SEGRO’s earnings power if a single unseen pressure changes how quickly those power-backed sites can be monetised?

That pressure point is exactly why investors are turning to the full narrative for SEGRO to see how SEGRO’s power bank could accelerate or stall future income.

NTT DC REIT (SGX:NTDU)

Overview: NTT DC REIT is a pure-play global data center trust that owns carrier neutral, Tier III-equivalent facilities supporting cloud and AI infrastructure.

Operations: NTT DC REIT generates about US$155 million from commercial data center leases, mostly in the U.S., with Austria and Singapore contributing meaningful portions.

Market Cap: US$967 million

NTT DC REIT provides focused exposure to data centers that already host hyperscale and colocation tenants across the U.S., Europe and Singapore. The trust links that theme to a 5.95% yield and forecast earnings and revenue growth. However, the future outcome depends on how one unresolved funding pressure influences the balance between AI-related demand and the cost of maintaining capacity.

That funding pressure is exactly what the 4 key rewards and 2 important warning signs (2 are major!) is built to unpack, so you can see what AI demand might be masking in NTT DC REIT.

Goodman Group (ASX:GMG)

Overview: Goodman Group owns, develops and manages logistics properties and data centres in major global cities that support the digital economy.

Operations: Goodman Group earns most revenue from Continental Europe at A$1.6b and Australia and New Zealand at A$1.6b, with Asia and the Americas contributing smaller portions.

Market Cap: A$53.8b

Goodman Group matters in this screener because it blends large scale logistics estates with an expanding data centre pipeline that directly taps into AI and cloud infrastructure demand.

"Data centres now account for 73% of Goodman Group’s A$14.5b development work in progress as of 31 March, highlighting a major focus on AI and digital infrastructure projects."

What happens to Goodman Group’s earnings power if a single assumption about the cost and timing of that build out proves too optimistic?

That hinge is exactly what the full narrative for Goodman Group unpacks, separating hype from the areas where Goodman Group’s AI infrastructure pipeline could actually accelerate or stall returns.

Seeking Fresh Alternatives Before They Fly

New ideas often move first, with capital following later. Scan these fresh stock picks while they are still under the radar and momentum is building, then decide what fits your approach.

• Spot resilient dividend payers that aim to hold up when sentiment swings by reviewing the 4 dividend fortresses before the crowd chases the yield.
• Track early candidates in AI infrastructure as demand builds around chips, power and data by scanning the curated 91 AI infrastructure stocks while it still receives relatively limited attention.
• Identify potential breakouts in grid and electrification plays by working through the hand picked 43 power grid technology and infrastructure stocks before short-term momentum trading becomes more active.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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