DLR Q2 2019

Q1 2026 Q4 2019 Q3 2019 Q2 2019

Earnings

Digital Realty Trust delivered a sharply mixed second quarter, posting core FFO per share of $1.64 against a consensus estimate of just $0.27, a beat of 507.41%, while revenue of $800.80 million came in fractionally below the $807.69 million Wall Str… Read more Digital Realty Trust delivered a sharply mixed second quarter, posting core FFO per share of $1.64 against a consensus estimate of just $0.27, a beat of 507.41%, while revenue of $800.80 million came in fractionally below the $807.69 million Wall Street expected, missing by 0.85% despite growing 6.1% year over year. The headline EPS gap largely reflects the difference between GAAP and funds-from-operations accounting; on a GAAP basis, net income available to common stockholders fell to $0.15 per diluted share, weighed down by a $20.91 million loss from early debt extinguishment and $11.76 million in preferred stock redemption costs. Foreign exchange headwinds added roughly 100 basis points of drag to reported growth, though constant-currency revenue growth was a healthier 7.1%. Leasing activity provided some forward momentum, with new bookings expected to generate $62.00 million in annualized GAAP rental revenue, and the company is extending its global reach into markets including Seoul. Management reiterated full-year core FFO per share guidance of $6.60 to $6.70, with total revenue expected between $3.20 billion and $3.30 billion.