U.S. data center REIT's Q2 revenue rose 29% yr/yr to $1.9 bln
Core FFO per share (excluding net promote) grew to $2.13 from $1.87 yr/yr
Q2 Adjusted FFO per share was $2.65
Q2 FFO per share was $2.73
Q2 total bookings were $208 mln
Updated 2026 outlook
Digital Realty raised 2026 core FFO per share (excluding net promote) outlook to $8.15-$8.20
Company lifted 2026 total revenue guidance to $6.85-$6.95 bln
Digital Realty expects 2026 Adjusted EBITDA of $3.75-$3.85 bln
Drivers of the results
CEO Andy Power said robust customer demand and strong execution across core growth areas drove Core FFO growth
Record bookings and rental rate increases on renewal leases supported revenue and backlog growth
Q2 Core FFO included $188 mln of net promote income from successful development and leasing in a joint venture
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
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