PREVIEW: Digital Realty dips as AI demand in focus

Digital Realty Trust

23/04/2026 19:29

** Shares of Digital Realty DLR.N falling 0.9% on Thursday, but still near record highs, ahead of quarterly results after the bell, with investors focused on AI-driven data center demand

** The data center real estate investment trust is expected to post a 14% rise in quarterly revenue to $1.60 billion and adj EPS of $0.47 vs $0.27 a year ago, per LSEG

** In February, the company forecast annual funds from operations (FFO) above estimates, citing strong demand from businesses investing in AI

** Stock has surged ~29% YTD, outperforming the S&P 500's .SPX 3.6% gain. Shares have dipped in past three sessions after notching a record high close on Monday

** DLR recently traded at 96x forward earnings, close to its five-year average of 99x, per LSEG data

 (Reporting by Noel Randewich)

 ((noel.randewich@thomsonreuters.com))