Digital Realty raises annual FFO forecast on robust data center demand
Digital Realty Trust raised its full-year forecast for funds from operations on Thursday, betting on resilient leasing momentum from cloud and AI customers to drive growth, sending its shares up 3% in extended trading. Austin, Texas-based Digital Realty is a real estate investment trust (REIT) that provides data center, colocation and interconnection solutions. The company leases managed data centers to clients across industries ranging from cloud and information technology to social networking,
Digital Realty Trust raised its 2026 forecast for funds from operations to $8.15-$8.20 per share, citing strong demand from cloud and AI customers. The company also increased its annual revenue forecast to $6.85-$6.95 billion. Digital Realty posted $1.92 billion in second-quarter revenue, up 29% from the prior year.
Summarised by netranta from Yahoo Finance. Open the original for the full story.
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