Data Centre Pro Forma
Infrastructure Excel Template (Free Download)
Project acquisition, lease-up, power expansion, operating NOI, financing, and equity returns for a data centre investment.
professionals from Deloitte
About this pro forma
This investment pro forma underwrites a data centre from acquisition through stabilisation and exit. Occupancy ramps across wholesale and retail customers, pricing escalates, and power infrastructure capex is triggered by utilisation rather than front-loaded arbitrarily.
NOI, exit cap rate, permanent debt, DSCR covenants, and levered cash flow convert the facility plan into projected equity distributions, IRR, and multiple. Infrastructure funds, REITs, private equity, and strategic buyers can compare lease-up and hold-versus-sell cases.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Data Centre Pro Forma
- Acquisition price and sources-and-uses output
- Wholesale and retail lease-up by customer segment
- Pricing escalation and partial-year revenue recognition
- Power and cooling capex tied to utilisation triggers
- Stabilised NOI and exit-cap-rate valuation
- Permanent debt, DSCR, and levered cash-flow schedule
- Equity distributions, IRR, MOIC, and hold-versus-sell outputs
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What does the investment pro forma underwrite?+
It projects acquisition, lease-up, operating NOI, expansion capex, debt service, exit value, and equity returns.
How is expansion capex timed?+
Power and cooling investment is triggered by utilisation ramps so the cash drag follows the facility’s capacity needs.
Can I test lease-up speed?+
Yes. Occupancy and pricing scenarios show how stabilisation timing changes NOI, cash flow, IRR, and equity multiple.
Who uses this pro forma?+
Infrastructure funds, REITs, private equity, lenders, and strategic buyers use it for acquisition and exit underwriting.
Have more financial modelling questions? Contact us
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