secwatch.observer — SEC 8-K summary
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Issuer:     DIGITAL REALTY TRUST, INC. (DLR)
CIK:        0001297996
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001558370-24-013620
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Realty posts record 3Q bookings of $521M; backlog hits $859M; raises 2024 EBITDA/FFO guidance
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- 3Q24 total bookings of $520.9M (record); 86% from >1 MW tranche; backlog reaches $859M (record).
- Updated 2024 guidance: Revenue $5,550-$5,600M, Adj. EBITDA $2,925-$2,975M, Core FFO/sh $6.65-$6.75.
- Renewal spread guidance raised: Cash rental rate increase now 8.0%-10.0% (prior 5-7%); occupancy +150-200 bps.
- Debt profile: 96% unsecured, 89% fixed rate, 2.8% avg coupon, 4.7-yr avg maturity; €850M green bond issued in Sep.
- Development pipeline: 644 MW under construction; 36 MW delivered in 3Q; 244 MW new starts in 3Q.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297996/000155837024013620/0001558370-24-013620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297996/000155837024013620/dlr-20241024x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013620

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer