Key Stats for Digital Realty Trust Stock
- Price change for Digital Realty Trust stock: 11%
- $DLR Stock Price as of Jul. 24: $199
- 52-Week High: $208
- $DLR Stock Price Target: $219
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What Happened?
Digital Realty Trust (DLR) just delivered one of its strongest quarters in years.
Revenue for the quarter ended June 2026 hit $1.92 billion, up 28.9% from a year ago and well above the $1.66 billion Wall Street was looking for, a beat of more than 15%. Diluted EPS came in at $1.21, crushing the $0.46 average estimate from analysts.
Digging into the numbers, rental revenue reached $1.15 billion, ahead of the $1.12 billion estimate and up 14.2% year-over-year.
Fee income was a standout, jumping to $248.93 million versus just $33.79 million expected, a massive 623% increase from last year.
Tenant reimbursements for utilities also rose sharply, up nearly 20% year-over-year to $352.9 million.
On the earnings call, management pointed to record bookings in its interconnection business, which topped $100 million for the first time, along with record renewal spreads above 25%.
The company’s total backlog also hit an all-time high of $1.9 billion, giving it strong visibility into future revenue.
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What the Market Is Telling Us About Digital Realty Trust Stock
Beating estimates is one thing, but Digital Realty Trust stock is moving because the company also raised its full-year core FFO guidance, now expecting $8.15 to $8.20 per share, up from prior levels.
That would mark a second straight year of double-digit growth.
Management also flagged two hyperscale leases signed just after the quarter closed, worth $410 million in new annualized rent, along with strategic deals to expand its private capital and colocation businesses.
Investors like seeing a company both beat expectations and raise the bar for what comes next.
For Digital Realty Trust stock, that combination of a big earnings beat, record leasing activity, and an upgraded outlook is exactly why shares are getting a strong reaction today.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
