earnings
confidence high
sentiment neutral
materiality 0.70
Digital Realty reports Q3 bookings $152M, record backlog $482M; raises Same-Capital Cash NOI growth guidance to 6-7%
DIGITAL REALTY TRUST, INC.
2023-Q3 EPS reported
$2.93
revenue$4,107,422,000
- Total Q3 bookings of $152.1M, with record 0-1 MW + Interconnection signings of $54M.
- Backlog reached a record $482M; $76M expected to commence in remainder of 2023.
- Renewal spreads: cash renewal spreads highest since 2015 at 4.4% overall; >1 MW cash spread 10.3%.
- Raised 2023 Same-Capital Cash NOI growth guidance to 6-7% (from 4-5%) and narrowed Core FFO/sh to $6.58-6.62.
- Capital recycling: $2.5B completed; updated dispositions/JV guidance to $2.7-3.2B; year-end occupancy lowered to 83-84%.