Digital Realty reports Q1 core FFO $2.04, consensus $1.94

Reports Q1 revenue $1.635B, consensus $1.6B. “Digital Realty (DLR) saw a further acceleration in data center demand and our growth trajectory in the first quarter, with record 0-1 megawatt plus interconnection leasing and the largest hyperscale lease in company history, which contributed to double-digit growth in core FFO per share,” said Digital Realty CEO Andy Power. “We are swiftly advancing hyperscale AI-oriented capacity in the U.S., growing our connectivity-rich portfolio across key global markets, and broadening our capital base to prudently extend Digital Realty’s runway for growth.”