While the top- and bottom-line numbers for Digital Realty Trust (DLR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Data center services provider Digital Realty posted a surprise drop in second-quarter revenue and a decline in core funds from operations (FFO) on Thursday, sending its shares down 2.7% in extended trading.
Digital Realty Trust (DLR) came out with quarterly funds from operations (FFO) of $1.65 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to FFO of $1.68 per share a year ago.
Digital Realty Trust positioned to become an AI factory for hosting accelerated computing for smart applications, driving revenue growth. With increasing demand for data centers, hosting prices have also increased, leading the way for better profitability and FFO. Capital-light approach through joint ventures and asset sales reducing leverage, and improving financial capability for future investments.
Digital Realty Trust went from one of the biggest underperformers to a big winner on the heels of the AI boom. The company has done a great job of reducing leverage and positioning itself to win in the AI age.
Investors should look for top-quality stocks for the remainder of the year. With plenty of uncertainties, a nearing presidential election, geopolitical issues, and a lack of a clear economic trajectory, you want to make sure the stock you're jumping into is top-quality and fundamentally solid.
To boost its capabilities in the European market, Digital Realty (DLR) announces the acquisition of a colocation data center campus in Slough.
Spotting read flags early can play a crucial role in protecting your portfolio. Today, I'm going to look into three stocks to sell.
Digital Realty Trust is a well-managed data center REIT with strong growth potential and potential for future dividend increases. The trust benefits from the capital-intensive nature of the data center business, creating a moat and positive long-term FFO growth outlook. Despite not being cheap, the trust is well-positioned to benefit from the AI trend and growing demand for data centers, making it appealing for passive income investors.
The Caisse de dépôt et placement du Québec announced on June 18 that it was selling its stake in eStruxture Data Centers Inc. as part of the Canadian company's 1.8 billion Canadian dollars ($1.32 billion) recapitalization. The sale suggests there is still plenty of interest in the data center industry and the best data center stocks, specifically.
Real estate investment trusts (REITs) make it easier for investors to get exposure to real estate. These trusts hold onto several real estate properties and have affordable price points.
Recent top stock upgrades from Wall Street analysts can often mean compelling long-term opportunities. When a widely-followed analyst raises the rating or price target on a company, investors pay attention.