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Jun 30, 2022
Digital Realty Q2 2022 Earnings Report
Reported mixed results with strong leasing activity offset by currency headwinds and increased operating expenses.
Key Takeaways
Digital Realty reported a slight revenue increase but a decrease in net income per share compared to the previous year. However, leasing activity remained strong, with significant contributions from both hyperscale and enterprise segments.
Net income available to common stockholders was $0.19 per share in 2Q22, compared to $0.45 in 2Q21.
FFO per share was $1.55 in 2Q22, compared to $1.78 in 2Q21.
Core FFO per share was $1.72 in 2Q22, compared to $1.54 in 2Q21.
Total bookings during 2Q22 are expected to generate $113 million of annualized GAAP rental revenue, including a $12 million contribution from interconnection.
Revenue by Segment
Forward Guidance
Digital Realty updated its 2022 core FFO per share outlook to $6.75-$6.85 and reiterated its 2022 constant-currency core FFO per share outlook of $6.95 - $7.05.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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