Digital Realty Trust Inc

Latest Results (17.12.2024):

Revenue Growth

In the third quarter of 2024, Digital Realty Trust Inc. reported revenues of $1.4 billion, marking a 5% increase from the previous quarter and a 2% increase from the same quarter last year. This growth reflects the company's continued expansion and strong demand for its data center services.

Net Income

Digital Realty Trust Inc. achieved a net income of $40 million in the third quarter of 2024. The net income available to common stockholders was $41 million, or $0.09 per diluted share, which is a decrease from $0.20 per diluted share in the previous quarter and $2.31 per diluted share in the same quarter last year.

Funds From Operations

The company reported Funds From Operations (FFO) of $520 million in the third quarter of 2024, equating to $1.55 per share. This is consistent with the same quarter last year but slightly down from $1.57 per share in the previous quarter. Core FFO per share was $1.67, showing an increase from $1.62 in the same quarter last year.

Leasing Activity

During the third quarter of 2024, Digital Realty Trust Inc. signed total bookings expected to generate $521 million of annualized GAAP rental revenue. This includes a $50 million contribution from the 0–1 megawatt category and a $16 million contribution from interconnection, highlighting robust leasing activity and demand for their services.

2024 Outlook

Digital Realty Trust Inc. raised its 2024 Core FFO per share outlook to a range of $6.65 - $6.75. This optimistic outlook is supported by strong leasing activity and a growing backlog, positioning the company for continued growth and financial performance in the coming quarters.