Corrected: Digital Realty Trust Q2 revenue rises, lifts 2026 revenue, core FFO outlook on strong customer demand

Digital Realty Trust

23/07/2026 21:20

Corrects AFFO/share figure to $2.47 from $2.65 in table

    

    Overview
  
U.S. data center REIT's Q2 revenue rose 29% yr/yr to $1.9 bln
Core FFO per share (excluding net promote) grew to $2.13 from $1.87 yr/yr
Company raised 2026 Core FFO per share (ex-net promote) outlook to $8.15-$8.20

    

    Outlook
  
Digital Realty raises 2026 core FFO per share (excluding net promote) outlook to $8.15-$8.20
Company lifts 2026 total revenue guidance to $6.85-$6.95 bln
Digital Realty expects 2026 Adjusted EBITDA of $3.75-$3.85 bln

    

    Result Drivers
  
CUSTOMER DEMAND - Co said robust customer demand and strong execution across core growth areas drove Core FFO growth, per CEO Andy Power
LEASING ACTIVITY - Record bookings and rental rate increases on renewal leases supported revenue and backlog growth
NET PROMOTE INCOME - Q2 Core FFO included $188 mln of net promote income from successful development and leasing in a joint venture

    
Company press release: ID:nGNX9Brjc2

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Adjusted FFO Per Share
 
$2.47
 
Q2 FFO Per Share
 
$2.73
 
Q2 Total Bookings
 
$208 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Digital Realty Trust Inc is $220.00, about 23.3% above its July 22 closing price of $178.41
The stock recently traded at 74 times the next 12-month earnings vs. a P/E of 86 three months ago

    

    Reuters Recommended Reads
  
July 22 - Singapore's Keppel DC REIT H1 gross revenue rises on acquisitions, strong rental performance
July 21 - BlackRock-backed group commits $5 billion for Aligned Data Centers after completing acquisition
July 22 - Trump set to expand power cost pledge on data centers

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)