Earnings Releases·Oct 29, 2026, 4:17 PM ET

Digital Realty — Third Quarter 2026 Earnings Summary

**Financial Performance:** Q3 2026 total operating revenues reached $1.90 billion (up 21% YoY, 10% QoQ excluding promote income), while Net income was $185 million ($0.48/share) versus $57.6 million in Q3 2025; Adjusted EBITDA rose 13% YoY to $978 million, and Core FFO per share increased to $2.10 from $1.89.
**Guidance Updates:** The company raised full-year 2026 Core FFO per share guidance to $8.30–$8.35 and Constant-Currency Core FFO per share to $8.25–$8.30, alongside updated projections for Total Revenue ($7.050–$7.125 billion), Adjusted EBITDA ($3.800–$3.850 billion), and Same-Capital cash NOI growth (5.25%–5.75%).
**Operational Momentum:** Record Q3 bookings are expected to generate $855 million in annualized GAAP base rent, contributing to a record backlog of $2.5 billion; renewal lease rental rates increased 11.8% on a cash basis, and occupancy stood at 91.1% at quarter-end.
**Strategic Capital Actions:** Digital Realty acquired $742 million of land across multiple global markets, increased its stake in Teraco to approximately 77% for $688 million, and entered a joint venture in Türkiye; subsequent to quarter-end, the company closed $1.4 billion in cornerstone equity commitments and issued €1 billion in euro notes and CHF508 million in Swiss bonds.