Digital Realty Raises 2026 Outlook Following Record Second-Quarter Core FFO
Digital Realty Trust (NYSE: DLR) raised its full-year outlook for 2026 after reporting a record second-quarter Core Funds From Operations (Core FFO). The company's revenue increased by 29% year-over-year to $1.92 billion, with Core FFO reaching $2.65 per diluted share compared to $1.87 in the prior year. Digital Realty attributed part of its performance to promote income from joint-venture data centers and strong leasing activity, including two hyperscale leases signed for an additional $410 million at 100% ownership interest. The company also expanded its portfolio with a significant acquisition in Northern Virginia and plans further development near Kansas City. The CEO highlighted the strength of Digital Realty's connectivity-rich infrastructure, noting over $100 million in new interconnection bookings for small-scale data centers. Looking ahead, the firm raised its full-year Core FFO guidance excluding promote income to between $8.15 and $8.20 per share.
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Topics: Core FFO data centers hyperscale leasing real estate investment trusts (REITs)