Data Centers – are they infrastructure?

The Maple-Brown Abbott Global Listed Infrastructure (GLI) team has long held that data center companies do not exhibit the requisite “core” characteristics of infrastructure, namely due to lower barriers to entry, higher competition and typically shorter contract lengths relative to other “core” sectors.

We believe data centers offer inadequate inflation protection, higher cash flow volatility, and better align with real estate or “core-plus” infrastructure rather than core infrastructure.