Digital Realty Reports Third Quarter 2026 Results
Digital Realty reported 3Q26 revenue of $1.9 billion, up 21% year-over-year, with net income of $0.48 per diluted share versus $0.15 a year ago. Core FFO per share (excluding net promote) came in at $2.10, up 11% from $1.89 in 3Q25, and the company signed record bookings expected to generate $855 million of annualized GAAP base rent at 100% share, with a record $2.5 billion backlog. Management raised 2026 Core FFO per share guidance to $8.30-$8.35, up from $8.15-$8.20, and lifted same-capital cash NOI growth outlook to 5.25%-5.75%.
Key figures
- Eps
- 0.48
- Revenue
- $1.9 billion
- Guidance
- 2026 Core FFO per share (excl. net promote) raised to $8.30-$8.35; Constant-Currency Core FFO to $8.25-$8.30; total revenue (excl. promote) $7.050-$7.125 billion
- Revenue Yoy
- 21%
- Total debt
- 19500000000
- Ffo per share
- 1.97
- Adjusted ebitda
- 978000000
- Land acquired q3
- 742000000
- Core ffo per share
- 2.1
- Adjusted ebitda yoy
- 13%
- Atm net proceeds q3
- 450000000
- Renewal spread cash
- 11.8%
- Backlog at dlr share
- 1800000000
- Bookings at dlr share
- 627000000
- Net debt to adjusted ebitda
- 5.2x
- Core ffo per share prior year
- 1.89
- Backlog annualized gaap rent 100pct
- 2500000000
- Bookings annualized gaap rent 100pct
- 855000000
AI analysis
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