Digital Realty Trust Maintains Its 2024 Core FFO Per Share And Constant-Currency Core FFO Per Share Outlook Of $6.60-$6.75
Portfolio Pulse from Benzinga Newsdesk
Digital Realty Trust (DLR) has maintained its 2024 Core FFO per share and Constant-Currency Core FFO per share outlook at $6.60 - $6.75. The company's revenue, adjusted EBITDA, and other financial metrics remain unchanged from previous forecasts. Internal growth expectations have slightly increased, with rental rates on renewal leases and 'Same-Capital' cash NOI growth showing positive adjustments. External growth through dispositions and development projects continues as planned, with significant capital expenditures expected. The balance sheet projections include potential long-term debt issuance. Overall, DLR's financial outlook for 2024 remains stable with optimistic growth in specific areas.
May 02, 2024 | 8:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Digital Realty Trust maintains its 2024 financial outlook, projecting stability and growth in key areas. The unchanged revenue and EBITDA forecasts, alongside positive adjustments in internal growth metrics and continued investment in development projects, signal confidence in the company's strategic direction.
Maintaining a stable outlook with positive adjustments in internal growth metrics and continued investment in development projects indicates a strong foundation and potential for growth. This stability and strategic direction are likely to be viewed positively by investors, potentially leading to a positive short-term impact on DLR's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100