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Digital Realty (DLR)
NYSE:DLR
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.27Last Year’s EPS
$0.08Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 8.85%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call presented a very positive outlook for Digital Realty, with record-breaking leasing volumes and strong pricing, while addressing some challenges like power delivery delays in specific regions. The company's growth strategy and ESG achievements were well-received.Company Guidance
During Digital Realty's Q3 2024 earnings call, the company provided guidance reflecting a strong demand environment and impressive performance metrics. The company achieved $521 million in new leasing volume, surpassing previous records and expectations, and driving the backlog of signed but not commenced leases to nearly $860 million. Greater than 1 megawatt leasing was a significant contributor, with pricing moving up nearly 30% from previous records. Additionally, the development pipeline increased by nearly 50% sequentially to 644 megawatts under construction, with 74% pre-leased at an average expected yield of 12%. The company also reported a 15% uplift in cash renewal spreads and raised its full-year core FFO guidance range to $6.65 to $6.75 per share, reflecting the strength in leasing and higher pricing. These results position Digital Realty for accelerating growth in 2025 and beyond.Record-Breaking Leasing Volume
New leasing volume of $521 million shattered previous records. Leasing activity exceeded the total leases completed in all of 2023, with significant contributions from large hyperscale deals in North America.
Strong Pricing and Renewal Metrics
Record rates for new leases greater than 1 megawatt, 4% escalators on the majority of new leases, and a record 15% uplift in cash renewal spreads.
Development Pipeline Growth
Development pipeline increased by nearly 50% to 644 megawatts under construction, with 74% pre-leased at a 12% average expected yield.
Impressive Interconnection and New Customer Growth
Record interconnection bookings of $66 million with 149 new logos, indicating strong demand in the 0-1 megawatt segment.
ESG and Green Finance Achievements
Issued EUR 850 million green bond and received multiple recognitions for ESG leadership, including awards for AI data centers and sustainable growth initiatives.
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DLR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DLR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $164.05 | $179.83 | +9.62% |
| Jul 25, 2024 | $145.30 | $143.60 | -1.17% |
| May 02, 2024 | $137.05 | $143.75 | +4.89% |
| Feb 15, 2024 | $144.09 | $132.08 | -8.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Digital Realty (DLR) report earnings?
Digital Realty (DLR) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Digital Realty (DLR) earnings time?
Digital Realty (DLR) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DLR EPS forecast?
DLR EPS forecast for the fiscal quarter 2024 (Q4) is $0.27.
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