Digital Realty Q1 2023 Earnings Report
Key Takeaways
Digital Realty reported revenues for the first quarter of 2023 of $1.3 billion, a 9% increase from the previous quarter and a 19% increase from the same quarter last year. The company delivered first quarter of 2023 net income of $69 million, and net income / (loss) available to common stockholders of $59 million, or $0.19 per diluted share.
Reported net income available to common stockholders of $0.19 per share in 1Q23, compared to $0.22 in 1Q22
Reported FFO per share of $1.60 in 1Q23, compared to $1.60 in 1Q22
Reported Core FFO per share of $1.66 and Constant-Currency Core FFO per share of $1.69 in 1Q23, compared to $1.67 in 1Q22
Reported rental rate increases on renewal leases of 4.5% on a cash basis in 1Q23
Digital Realty
Digital Realty
Digital Realty Revenue by Segment
Forward Guidance
Digital Realty maintained its 2023 Core FFO per share and constant-currency Core FFO per share outlook of $6.65 - $6.75.