earnings
confidence medium
sentiment positive
materiality 0.70
Digital Realty reports record Q1 bookings of $252M and record backlog of $541M
DIGITAL REALTY TRUST, INC.
2024-Q1 EPS reported
$0.82
revenue$1,331,143,000
- Total bookings of $252.2M, with 79% from >1 MW leases; record quarter.
- Record renewal spreads: total cash 13.0%, GAAP 11.8%; >1 MW cash 21.6%.
- Backlog reaches record $541M; $263M expected to commence in 2024.
- Full-year 2024 guidance: Revenue $5.55–$5.65B, Core FFO/sh $6.60–$6.75 (unchanged).
- Updated renewal cash spread guidance raised to 5–7% (from 4–6%).