Digital Realty (DLR) Beats Q1 FFO Estimates, Raises 21 View Zacks.com 4/30/2021
Digital Realty Trust, Inc. DLR delivered first-quarter 2021 core funds from operations (FFO) per share of $1.67, beating the Zacks Consensus Estimate of $1.59. Results highlight better-than-anticipated revenue numbers. The reported figure also compares favorably with the year-ago quarter’s $1.53.
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The company registered operating revenues of $1.1 billion in the first quarter, marking a 32.4% year-over-year jump. The revenue figure also outpaced the Zacks Consensus Estimate of $1.05 billion.
Decent leasing activities and strong signed total bookings aided results. Digital transformation is driving steady demand. The data-center REIT has also raised the core FFO per share outlook for 2021.
Digital Realty opens third Singapore data centre
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Digital Realty Trust (DLR) Down 7 3% Since Last Earnings Report: Can It Rebound?
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IT Company Exodus From California Continues As Digital Realty Relocates To Texas
‘The central location, affordable cost of living, highly educated workforce and supportive business climate have helped make Texas an epicenter for business activity and technology growth,’ says Digital Realty CEO A. William Stein. By Mark Haranas January 15, 2021, 09:58 AM EST
Add Digital Realty to the growing list of large IT companies moving their headquarters from California to Texas as the COVID-19 pandemic continues to reshape America’s workforce.
The soon-to-be Austin, Texas-based Digital Realty is leaving San Francisco in a move to boost its presence in Texas with new capital and talent investments, have better affordable living costs for employees and live in a more business-friendly state, according to Digital Realty CEO A. William Stein.