Digital Realty Trust Reports Q3 FFO Rises, Boosts 2014 Outlook - Quick Facts

(RTTNews) - Digital Realty Trust, Inc. (DLR), a global provider of data center and colocation solutions, reported third-quarter net income available to stockholders of $109.31 million or $0.80 per share, lower than $138.87 million or $1.06 per share in the prior-year quarter.

Funds from operations for the quarter grew to $168.81 million or $1.22 per share from $147.37 million or $1.10 per share in the year-ago quarter. Excluding certain items, core FFO was $1.22 per share, compared to $1.16 per share last year.

On average, 19 analysts polled by Thomson Reuters expected the company to report earnings of $1.21 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter increased 9 percent to $412.19 million from $379.46 million in the same quarter last year. Twelve Wall Street analysts had a consensus revenue estimate of $409.18 million for the quarter.

Looking ahead to fiscal 2014, Digital Realty raised core FFO outlook to a range of $4.90 to $4.95 per share from the prior range of $4.85 to $4.95 per share. Street is currently looking for full-year 2014 earnings of $4.85 per share.