Overview

* Digital Realty ( DLR ) Q3 revenue grows 10% yr/yr to $1.6 bln

* Core FFO per share for Q3 rises to $1.89

* Company raises 2025 Core FFO outlook, indicating confidence in growth

Outlook

* Digital Realty ( DLR ) raises 2025 Core FFO per share outlook to $7.32 - $7.38

* Digital Realty ( DLR ) sees strong backlog providing visibility into 2026

Result Drivers

* RENEWAL LEASES - Rental rates on renewal leases increased by 8.0% on a cash basis, contributing to revenue growth

* LEASING ACTIVITY - Total bookings expected to generate $201 mln of annualized GAAP rental revenue, indicating strong demand

* ENTERPRISE DEMAND - Robust demand for 0-1 megawatt plus interconnection offerings supported growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $1.89

Adjusted

FFO Per

Share

Q3 FFO $1.65

Per

Share

Q3 Total $201 mln

Bookings

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy"

* Wall Street's median 12-month price target for Digital Realty Trust Inc ( DLR ) is $200.00, about 14.2% above its October 21 closing price of $171.63

* The stock recently traded at 82 times the next 12-month earnings vs. a P/E of 111 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)