tiprankstipranks
Digital Realty reports Q3 core FFO $1.67, consensus $1.67
The Fly

Digital Realty reports Q3 core FFO $1.67, consensus $1.67

Reports Q3 revenue $1.43B, consensus $1.43B. “In Q3, Digital Realty (DLR) posted over $520M of new leasing, more than double the record set in the first quarter. Record leasing across both the greater-than-a-megawatt and 0-1 MW plus interconnection segments drove the backlog up nearly 60% above our prior record,” said CEO Andy Power. “Our backlog now represents over 20% of annualized in-place data center revenue, enhancing our visibility and positioning Digital Realty for accelerating longer-term growth.”

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App