Digital Realty's (DLR) Q2 FFO Beats Estimates, Revenues Miss
Digital 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, outpacing the Zacks Consensus Estimate of $1.63. However, this compares unfavorably to an FFO of $1.68 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 ...