earnings
confidence medium
sentiment positive
materiality 0.75
Digital Realty Q1 2023: total bookings $83.3M, same-capital revenue +8.6% YoY, core FFO guidance $6.70
DIGITAL REALTY TRUST, INC.
2023-Q1 EPS reported
$0.20
revenue$1,338,723,000
- Total bookings of $83.3M with record interconnection ($14.1M) and strong 0-1 MW ($33.8M).
- Same-capital data center revenue grew 8.6% as reported (6.6% constant currency); cash NOI grew 3.4% (5.2% CC).
- Re-leasing spreads: 4.5% cash, 6.4% GAAP; 41% of new leases include inflation-linked increases.
- Backlog of $434M with $201M expected to commence in remaining 2023; core FFO guidance reiterated at $6.70/share.
- ESG: announced 116 MW new renewables in Germany; NAREIT Leader in the Light for sixth consecutive year.