Quarterly ResultJul 23, 2026, 04:23 PM
Digital Realty Q2 Core FFO $2.13/sh; Raises 2026 Outlook
AI Summary
Digital Realty reported strong financial results for the second quarter of 2026, with Core FFO per share (excluding net promote) increasing to $2.13 and total revenues reaching $1.9 billion, up 29% year-over-year. The company also raised its 2026 Core FFO per share outlook to $8.15-$8.20, reflecting robust customer demand and operational execution. Key operational highlights include $307 million in total bookings and a 25.4% increase in cash rental rates on renewal leases. Strategically, Digital Realty acquired a 64% stake in three Northern Virginia data centers for a gross value of approximately $7.8 billion, alongside other land acquisitions to support future hyperscale development.
Key Highlights
- Core FFO per share (ex-promote) rose to $2.13 in Q2 2026.
- Total revenues increased 29% YoY to $1.9 billion in Q2 2026.
- Raised 2026 Core FFO per share (ex-promote) outlook to $8.15-$8.20.
- Signed $307 million in total bookings (100% share) in Q2 2026.
- Renewal lease rates increased 25.4% on a cash basis in Q2 2026.
- Acquired 64% stake in 3 Northern Virginia data centers for $7.8 billion gross value.
- Backlog of signed-but-not-commenced leases reached $1.9 billion (100% share).
- Adjusted EBITDA grew 19% YoY to $978 million in Q2 2026.
Price Impact
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