Digital Realty Trust Q1 revenue jumps; co lifts 2026 Core FFO outlook

Digital Realty Trust

23/04/2026 21:18

Overview

Data center REIT's Q1 2026 revenue rose 16% yr/yr, net income and Core FFO per share increased

Company raised 2026 Core FFO per share outlook to $8.00-$8.10

Outlook

Digital Realty raises 2026 Core FFO per share outlook to $8.00-$8.10

Company lifts 2026 total revenue forecast to $6.65-$6.75 bln

Digital Realty expects 2026 Adjusted EBITDA of $3.65-$3.75 bln

Result Drivers

RECORD LEASING - Record leasing activity, including the largest hyperscale lease in company history, contributed to double-digit Core FFO per share growth

RENTAL RATE INCREASES - Rental rates on renewal leases rose 5.0% on a cash basis and 6.3% on a GAAP basis in Q1 2026

Company press release: ID:nGNX1Xb99g

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Core FFO Per Share
$2.04
Q1 FFO Per Share
$1.99


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "strong buy" or "buy", 9 "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 $207.00, about 3.1% above its April 22 closing price of $200.86

The stock recently traded at 96 times the next 12-month earnings vs. a P/E of 86 three months ago

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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.)