DIGITAL REALTY TRUST, INC. (DLR) Form 8-K — Oct 29, 2026
Digital Realty reported strong Q3 2026 results on October 29, 2026, with total operating revenues of $1.90 billion (up roughly 21% year-over-year) and net income of $193.6 million. Core FFO per share excluding net promote came in at $2.10, up 11.1% from $1.89 a year ago. The company raised its full-year 2026 Core FFO per share outlook to $8.30-$8.35 (from $8.15-$8.20) and lifted revenue guidance to $7.050-$7.125 billion — its fourth guidance raise of the year. Cash renewal spreads of 11.8% and same-capital cash NOI growth of 5.9% underscored pricing power in a tight data center market.
Key figures
- Eps
- 0.48
- Revenue
- 1902418000
- Guidance
- 2026 Core FFO per share (ex net promote) raised to $8.30-$8.35; constant-currency Core FFO ex-promote $8.25-$8.30; total revenue ex-promote $7.050-$7.125B; Adjusted EBITDA $3.800-$3.850B; same-capital cash NOI growth 5.25%-5.75%; cash renewal spreads 10.0%-12.0%
- Net Income
- 193611000
- Total Debt
- 19494615000
- Revenue Yoy
- 20.6% (Q3 total operating revenues $1,902.4M vs $1,577.2M in Q3 2025)
- Total Assets
- 56524515000
- Shares Outstanding
- 374,888 thousand common shares (381,537 thousand total shares and units)
- New logos
- 155
- Core ffo yoy
- 11.1% ($2.10 vs $1.89)
- Adjusted ebitda q3
- $977.7M
- Bookings dlr share
- $626.6M
- Renewal spreads cash
- 11.8%
- Renewal spreads gaap
- 17.0%
- Core ffo per share q3
- $2.10 (ex net promote, diluted)
- Record backlog 100 share
- $2.5B
- Total bookings 100 share
- $855M
- Net debt to adjusted ebitda
- 5.2x reported / 4.9x pro forma
- Nareit ffo per share diluted
- $1.97 (vs $1.65 prior year)
- Same capital cash noi growth
- 5.9% cash (6.3% constant currency)
- Stabilized portfolio occupancy
- 93.4% (up 150 bps YoY)
AI analysis
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