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Dec 31, 2022
Digital Realty Q4 2022 Earnings Report
Digital Realty's financial performance was marked by a net loss, but revenues increased and leasing activity remained strong.
Key Takeaways
Digital Realty reported a net loss of $6 million, or ($0.02) per diluted share. However, revenues increased 11% year-over-year to $1.2 billion, and total bookings are expected to generate $117 million of annualized GAAP rental revenue.
Reported net loss available to common stockholders of ($0.02) per share.
Reported FFO per share of $1.45.
Reported Core FFO per share of $1.65.
Signed total bookings expected to generate $117 million of annualized GAAP rental revenue.
Digital Realty
Digital Realty
Digital Realty Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.com Forward Guidance
Digital Realty introduced its 2023 Core FFO per share outlook of $6.65-$6.75 and provided its 2023 constant-currency Core FFO per share outlook of $6.65 - $6.75.
Positive Outlook
- Total revenue $5.700 - $5.800 billion
- Adjusted EBITDA $2.675 - $2.725 billion
- Cash basis Rental rates on renewal leases Greater than 3.0%
- GAAP basis Rental rates on renewal leases Greater than 3.0%
- Year-end portfolio occupancy 85.0% - 86.0%
Challenges Ahead
- Net non-cash rent adjustments ($55 - $60 million)
- G&A $425 - $435 million
- U.S. Dollar / Pound Sterling $1.20 - $1.25
- U.S. Dollar / Euro $1.00 - $1.05
- CapEx $2.3 - $2.5 billion
Revenue & Expenses
Visualization of income flow from segment revenue to net income