Digital Realty FFO Tops Estimates; Lifts FY Guidance

(RTTNews) - Digital Realty Trust Inc (DLR), a provider of data center and colocation solutions, on Tuesday reported first-quarter funds from operations of $216.4 million or $1.56 per share compared with $164 million or $1.22 per share last year.

Excluding items, core FFO for the quarter was $1.27 per share compared with $1.28 per share a year ago.

Analysts polled by Thomson Reuters estimated FFO of $1.23 per share for the quarter. Analysts' estimates typically exclude special items.

Net earnings to stockholders were $101.7 million or $0.75 per share compared with $34.2 million or $0.26 per share last year.

Revenues for the quarter were higher at $406.6 million compared with $390.6 million in the prior year. Analysts estimated revenues of $411 million.

For the full year 2015, the company now expects core FFO of $5.03 to $5.13 per share from the prior range of $5.00 to $5.10 per share. Analysts expect FFO of $5.05 per share.