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Digital Realty Trust Q1 Core FFO Rises, Revenue Falls; 2024 Outlook Reiterated
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Digital Realty Trust Q1 Core FFO Rises, Revenue Falls; 2024 Outlook Reiterated
May 2, 2024 2:13 PM

04:51 PM EDT, 05/02/2024 (MT Newswires) -- Digital Realty Trust ( DLR ) reported Q1 core funds from operations late Thursday of $1.67 per diluted share, up from $1.66 a year earlier.

Analysts surveyed by Capital IQ expected $1.62.

Total operating revenue for the quarter ended March 31 was $1.33 billion, down from $1.34 billion a year earlier.

Analysts polled by Capital IQ expected $1.36 billion.

The company said it continues to expect fiscal 2024 core FFO per share between $6.60 and $6.75. Analysts polled by Capital IQ expect $6.66.

Digital Realty Trust ( DLR ) reaffirmed its full-year revenue guidance of between $5.55 billion and $5.65 billion. Analysts surveyed by Capital IQ expect $5.62 billion.

Shares of the company were up 2% in after-hours activity.

Price: 143.00, Change: +2.85, Percent Change: +2.03

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