Digital Realty Trust Q1 FFO $1.67 Beats $1.63 Estimate, Sales $1.33B Miss $1.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
Digital Realty Trust (DLR) reported Q1 FFO of $1.67 per share, surpassing the $1.63 estimate, marking a 0.6% year-over-year increase. However, their sales of $1.33B fell short of the $1.36B estimate, a 0.59% decrease from the previous year.
May 02, 2024 | 8:07 pm
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Digital Realty Trust's Q1 FFO exceeded expectations at $1.67/share, a slight increase from last year, but sales missed estimates, showing a minor decline.
The mixed results with an earnings beat but a slight miss in sales could lead to neutral short-term market reaction. The earnings beat indicates operational efficiency and could be seen positively, but the sales miss, although minor, may raise concerns about growth prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100