Digital Realty Reports Record Q3 2026 Bookings and Raises Full-Year Guidance
Digital Realty (DLR) delivered a strong third quarter for 2026, characterized by record-breaking leasing activity and robust demand driven by artificial intelligence. The company reported Core FFO per share of $2.10, an 11% year-over-year increase, supported by total annualized GAAP base rent bookings of $855 million. A significant portion of recent growth is tied to AI use cases, which accounted for 44% of 0-1 megawatt bookings. Reflecting this momentum, management raised its 2026 Core FFO guidance to a range of $8.30 to $8.35 per share. The company also highlighted the success of its new perpetual capital strategy, securing over $1.4 billion in initial cornerstone equity. Despite strong performance, CEO Andrew Power noted that scaling capacity remains challenging due to power procurement constraints and community concerns regarding utility and resource usage.
Tickers: $DLR PRJ
Topics: backlog data center leasing earnings report FFO growth guidance raise