Feb 13 (Reuters) - Digital Realty Trust ( DLR ) forecast
annual revenue below Wall Street estimates on Thursday,
expecting cautious spending by clients on data center services
amid economic uncertainty.
Concerns over a slowing global economy have led businesses
to cut spending on cloud-related services, including expensive
digital infrastructure, hurting data center services such as
Digital Realty ( DLR ).
The real estate investment trust (REIT) leases out managed
data centers to clients in sectors that range from cloud and
information technology to social networking, communications and
manufacturing.
Digital Realty ( DLR ) expects full-year 2025 revenue to be between
$5.8 billion and $5.9 billion, compared with analysts' average
estimate of $6.1 billion, according to data compiled by LSEG.
For the fourth quarter ended December 31, Digital Realty ( DLR )
posted revenue of $1.44 billion, compared with estimates of
$1.46 billion. Adjusted core earnings fell to $1.73 per share
from $1.63 a year ago.
Adjusted funds from operations - a key cash flow measure for
REITs - came in at $1.36 per share, from $1.30 in the previous
year.