Digital Realty Trust Reports Strong Q2 2026 Performance with Record Bookings and Guidance Raise
Digital Realty Trust reported strong performance in the second quarter of 2026, driven by momentum across colocation and connectivity, hyperscale demand, and strategic private capital initiatives. The company achieved record $108 million in bookings for its colocation business, with renewal spreads exceeding 25%, reflecting a supply-demand imbalance. Strategic acquisitions such as Blackstone's Northern Virginia assets and the Columbia Capital platform have enhanced return on invested capital. The firm raised core FFO guidance for 2026 to reflect expected double-digit growth of over 10% in constant currency, marking two consecutive years of strong performance. A $1.9 billion backlog supports visibility into sustained revenue through at least 2028. The development pipeline is largely pre-leased and focused on AI-oriented workloads. Significant financial highlights include a $188 million net promote income from the Blackstone transaction, an insurance settlement of $113 million related to a Singapore incident in 2024, and the acquisition of Columbia Capital for $485 million. The company also achieved its lowest debt-to-adjusted EBITDA ratio at 4.7x.