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Announced Fri, 24 Jul · 18:02 IST
Digital Realty raises annual FFO forecast on robust data center demand
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AI summary
US data center REIT Digital Realty raised its fiscal 2026 adjusted FFO forecast to $8.15-$8.20 per share from $8.00-$8.10 earlier, and lifted its annual revenue forecast to $6.85-$6.95 billion from $6.65-$6.75 billion. Q2 revenue came in at $1.92 billion, up 29 percent and beating the $1.66 billion analyst estimate, while adjusted FFO of $2.65 per share topped the $1.86 estimate, driven by surging AI-related demand for data center capacity.