Digital Realty Trust Raises FY2024 FFO Guidance from $6.60-6.75 to $6.65-6.75 vs $6.69 Est; Narrows FY2024 Sales Guidance from $5.55B-5.65B to $5.55B-5.60B vs $5.57B Est
Portfolio Pulse from Benzinga Newsdesk
Digital Realty Trust has updated its FY2024 financial guidance, raising its FFO guidance and narrowing its sales outlook. The FFO guidance is now $6.65-6.75, slightly above the previous range, while the sales outlook is narrowed to $5.55B-5.60B.
October 24, 2024 | 8:26 pm
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Digital Realty Trust has raised its FY2024 FFO guidance to $6.65-6.75, slightly above the previous range, and narrowed its sales outlook to $5.55B-5.60B. This indicates a positive adjustment in expected financial performance.
The increase in FFO guidance suggests improved profitability expectations, which is a positive signal for investors. The narrowing of the sales outlook, while slightly below estimates, still reflects a stable revenue expectation. Overall, the guidance update is likely to have a positive impact on DLR's stock price.
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