Digital Realty Reports Strong Q1 Results, Raises Full-Year 2026 Guidance and Secures $1.3B Capital

summarizeSummary

Digital Realty Trust announced strong Q1 2026 financial results, raised its full-year guidance for key metrics, reported record leasing activity, and successfully raised $1.3 billion through its ATM program.

check_boxKey Events

• Strong Q1 Financial Performance

  Reported net income available to common stockholders of $0.46 per share in Q1 2026, a 63% increase year-over-year. Core FFO per share rose to $2.04 from $1.77 in the prior year, with total revenues increasing 16% year-over-year to $1.6 billion.

• Upward Revision to 2026 Guidance

  Raised 2026 Core FFO per share outlook to $8.00 - $8.10 (from $7.90 - $8.00) and increased total revenue and Adjusted EBITDA guidance. Rental rate increases on renewal leases (cash basis) guidance was also raised to 6.5% - 8.5%.

• Record Leasing Activity and Backlog

  Signed total bookings expected to generate $707 million of annualized GAAP base rent (100% share) and reported a record total backlog of $1.8 billion (100% share) at quarter-end, demonstrating robust demand for data center capacity.

• Significant Capital Raised via ATM Program

  Since December 31, 2025, the company sold 7.3 million shares under its At-The-Market (ATM) equity issuance program, generating net proceeds of approximately $1.3 billion. This capital raise supports increased development CapEx guidance.

auto_awesomeAnalysis

Digital Realty Trust reported robust first-quarter results, significantly exceeding prior-year performance in net income, FFO, and Adjusted EBITDA. The company demonstrated strong confidence by raising its full-year 2026 guidance across key financial metrics, including Core FFO per share, total revenue, and Adjusted EBITDA, alongside increased expectations for rental rate growth. This positive outlook is underpinned by record leasing activity and a substantial backlog, indicating healthy demand for its data center services. Additionally, the company successfully raised $1.3 billion through its At-The-Market equity program, strengthening its capital position for continued strategic development and expansion, as reflected in the increased CapEx guidance. This comprehensive update signals strong operational momentum and a favorable financial trajectory, especially as the stock trades near its 52-week high.