Core funds from operations hit a record $2.13 per share, comfortably beating the $1.98 consensus estimate from analysts polled by FactSet. This performance was underpinned by a 29% revenue increase to $1.92 billion, significantly higher than the $1.66 billion anticipated by the market. While net income reached $453.3 million, or $1.21 per share, CEO Andy Power emphasized that the company’s underlying growth is being fueled by robust demand across its hyperscale and private-capital segments.
In section Market Quotes
Digital Realty Shares Surge on Record Quarterly Performance
A 15% jump in share price to $205.44 on Friday followed Digital Realty’s latest earnings report, which outperformed Wall Street expectations across key financial metrics. The data-center operator’s strong second-quarter results prompted management to raise their full-year guidance as demand for infrastructure continues to accelerate.
Operational momentum reached a milestone this quarter as the company secured over $100 million in bookings for smaller-scale deployments. Expanding its physical footprint, Digital Realty also added powered land capacity in the Kansas City metro area. Given this trajectory, the company lifted its full-year core funds from operations outlook to a range of $8.15 to $8.20 per share, up from its previous forecast of $8 to $8.10. Year-to-date, the stock has climbed 33%.
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