Digital Realty Raises Full-Year Guidance Following Record Q3 Leasing Bookings
Digital Realty (DLR) reported strong third-quarter 2026 results, highlighted by $855 million in record quarterly leasing bookings. Driven by surging demand for artificial intelligence infrastructure and cloud workloads, the company raised its full-year guidance for core funds from operations (FFO). A significant driver of this growth is the expansion of smaller connected deployments under one megawatt, which saw an 80% year-over-year increase in bookings. The company's financial outlook is bolstered by a record contracted backlog of $2.5 billion, providing high revenue visibility through 2028. To fund large-scale hyperscale facilities without diluting shareholders or increasing leverage, Digital Realty is utilizing strategic private capital partnerships. This approach allows the firm to scale its global data center footprint while maintaining balance sheet flexibility amidst tightening capacity and rising pricing power.
Tickers: $DLR PRJ
Topics: Artificial Intelligence Infrastructure Data Centers Quarterly Earnings Real Estate Investment Trust (REIT)
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