Digital Realty's first quarter Core FFO of $2.04 beat estimates, prompting a raised full-year 2026 outlook.

Digital Realty reported first quarter 2026 revenue of $1.64 billion, net income available to common stockholders of $0.46 per share, and Core FFO of $2.04 per share. Following the strong results, the company raised its full-year 2026 Core FFO guidance.

Key Highlights

• Core FFO per share grew 15% year-over-year to $2.04, leading the company to raise its full-year 2026 Core FFO guidance to a range of $8.00 - $8.10 per share.
• Signed total bookings expected to generate $423 million in annualized GAAP rent at Digital Realty's share, driven by record leasing in the 0-1 MW plus interconnection category, which contributed $98 million.
• Cash rental rates on renewal leases increased by 5.0%, reflecting continued pricing power across the portfolio.