Digital Realty's (DLR) Q2 FFO Beats Estimates, Revenues Miss
DLRDigital Realty Trust(DLR) ZACKS·2024-07-27 01:26

Digital Realty Trust (DLR) reported second-quarter 2024 core funds from operations (FFO) per share of 1.65,outpacingtheZacksConsensusEstimateof1.65, outpacing the Zacks Consensus Estimate of 1.63. However, this compares unfavorably to an FFO of 1.68persharereportedayearago.Resultsreflecthealthyleasingactivityandanincreaseinrentalrates.However,thecompanywitnessedariseinrentalpropertyexpensesandinterestexpensesinthequarter.DLRmaintaineditsoutlookfor2024.Thecompanyregisteredoperatingrevenuesof1.68 per share reported a year ago.Results reflect healthy leasing activity and an increase in rental rates. However, the company witnessed a rise in rental property expenses and interest expensesin the quarter. DLR maintained its outlook for 2024.The company registered operating revenues of 1.36 billio ...