| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.9K | 17.7% | 28.9% |
| Total Income | 1.9K | 17.7% | 28.9% |
| Expenditure | 1.5K | 6.5% | 13.7% |
| PBT | — | ||
| Net Profit | 453.29 | 152.8% | 56.1% |
| OPM | 24.29% | 7.91pp | 10.11pp |
| NPM | 23.56% | 12.60pp | 45.57pp |
| EPS | 1.25 | 155.1% | 58.8% |
Digital Realty Reports Q2 2026 Results with Record Core FFO and Strong Leasing Activity
24 Jul 2026 · 24 Jul, 1:52 am
Summary
Digital Realty announced strong financial results for the second quarter of 2026, with total revenues reaching $1.9 billion, a 29% year-over-year increase. The company reported record Core FFO per share of $2.13 (excluding net promote), up from $1.87 in the prior year, driven by robust customer demand and strong execution. Leasing activity was robust, with total bookings expected to generate $307 million in annualized GAAP rental revenue and renewal leases showing significant rate increases. Management raised the full-year 2026 Core FFO per share outlook, reflecting confidence in continued growth.
Key Highlights
- 1
Digital Realty reported total revenues of $1.9 billion in the second quarter of 2026, representing a 29% increase from the same quarter last year.
- 2
The company generated Funds From Operations (FFO) of $982 million, or $2.73 per share, in 2Q26, a significant increase from $1.75 per share in 2Q25.
- 3
Core FFO per share (excluding net promote) reached $2.13 in 2Q26, up from $1.87 in the prior year's second quarter.
- 4
Total bookings during 2Q26 are expected to generate $307 million of annualized GAAP rental revenue at 100% share, with Digital Realty's share at $208 million.
- 5
Renewal leases signed in 2Q26 saw rental rates increase by 25.4% on a cash basis and 32.0% on a GAAP basis.
- 6
The company raised its 2026 Core FFO per share (excluding net promote) outlook to $8.15 - $8.20.
Management Comments
Andy Power
Digital Realty delivered record Core FFO per share in the quarter, reflecting robust customer demand and strong execution across our core pillars of growth. We signed more than $100 million of 0-1 MW plus Interconnection bookings for the first time, demonstrating the strength of our connectivity-rich portfolio and boosting near-term growth. We also continued to make strides in our hyperscale and strategic private capital verticals, as we added powered land in the Kansas City metro, accretively purchased interests in three hyperscale data centers in Northern Virginia, and announced the deal to acquire Columbia Capital, a leading investment firm in the digital infrastructure space. Together, these growth vectors are driving double-digit bottom line growth, and we are focused on extending this runway for years to come.
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