Cordiant Digital Infrastructure Limited has released its full year results for the year ending on March 31, 2024. The company reported a total return of 9.3%, increasing the NAV per share to 120.1p. The NAV total return since inception was 32.8%, exceeding IPO expectations. The total dividend for the year increased by 5.0% to 4.2p, ahead of guidance, and was covered by earnings and adjusted funds from operations (AFFO). The NAV increased to £920.7 million, underpinned by strong underlying EBITDA growth.

The operational highlights included the successful implementation of the Buy, Build & Grow model, resulting in continued strong overall performance by portfolio companies. The portfolio diversification improved with the acquisition of Speed Fibre and the Norkring portfolio of 25 towers in Belgium. Additionally, four bolt-on transactions were completed, including the acquisition of American Tower's Polish portfolio of 60 towers by Emitel and CRA's acquisition of Cloud4com, a leading Czech cloud business.

The company also saw new contracts won at CRA on DAB, T-Mobile, and Ministry of Interior, as well as new contracts signed by Emitel with Polsat and Red Carpet TV. The Chairman of Cordiant Digital Infrastructure Limited, Shonaid Jemmett-Page, expressed satisfaction with the overall performance of the company, highlighting the strong potential for growth in the constructed portfolio.

The 2024 Annual Report will be available for download on the company's website and will be posted to shareholders. The company will also be hosting an analyst meeting, and further information can be found on their website or by contacting the provided representatives.

Overall, the company's performance has been robust, with a focus on portfolio growth and diversification, resulting in a positive outlook for the year ahead.