Story · Blackstone
Digital Realty raises annual FFO forecast on robust data center demand
Digital Realty Trust raised its full-year forecast for funds from operations (FFO) on July 23, 2026, citing resilient leasing momentum from cloud and AI customers. The Austin-based REIT now expects fiscal 2026 adjusted FFO of $8.15 to $8.20 per share, up from $8.00-$8.10, and raised annual revenue guidance to $6.85-$6.95 billion from $6.65-$6.75 billion. Second-quarter revenue surged 29% to $1.92 billion, beating estimates of $1.66 billion, while adjusted FFO of $2.65 per share far exceeded the $1.86 consensus. The company is expanding into new markets and acquiring a larger stake in three Northern Virginia data centers from Blackstone for $3.5 billion in cash and stock. Shares rose 3% in extended trading following the announcement.
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