earnings
confidence high
sentiment neutral
materiality 0.75
Digital Realty Q2 bookings $113.8M; lowers Core FFO guidance to $6.55-6.65; raises NOI growth view
DIGITAL REALTY TRUST, INC.
2023-Q2 EPS reported
$0.57
revenue$2,704,990,000
- Q2 total bookings of $113.8M annualized GAAP base rent; record interconnection revenue of $49M from 133 new logos.
- Core FFO per share guidance cut to $6.55-$6.65 from $6.65-$6.75; revenue and EBITDA guidance unchanged.
- Same-capital cash NOI growth guidance raised to 4-5% from 3-4%; renewal spreads strengthened with >1 MW GAAP up 29.9%.
- Completed $2.2B in dispositions/JVs YTD; raised total guide to $2.2-$3.0B; pro forma net debt/EBITDA improved to 6.3x.
- Closed two hyperscale JVs (Chicago 67 MW, NoVA 104 MW) generating ~$2B proceeds; DLR retains minority stakes.