Overview
Digital Realty Q3 revenue grows 10% yr/yr to $1.6 bln
Core FFO per share for Q3 rises to $1.89
Company raises 2025 Core FFO outlook, indicating confidence in growth
Outlook
Digital Realty raises 2025 Core FFO per share outlook to $7.32 - $7.38
Digital Realty sees strong backlog providing visibility into 2026
Result Drivers
RENEWAL LEASES - Rental rates on renewal leases increased by 8.0% on a cash basis, contributing to revenue growth
LEASING ACTIVITY - Total bookings expected to generate $201 mln of annualized GAAP rental revenue, indicating strong demand
ENTERPRISE DEMAND - Robust demand for 0-1 megawatt plus interconnection offerings supported growth
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted FFO Per Share
$1.89
Q3 FFO Per Share
$1.65
Q3 Total Bookings
$201 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 8 "hold" and 1 "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 $200.00, about 14.2% above its October 21 closing price of $171.63
The stock recently traded at 82 times the next 12-month earnings vs. a P/E of 111 three months ago
Press Release: ID:nPn1PX6y4a
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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.)
