Digital Realty Trust Sees Double-digit AFFO/shr Growth In 2016 - Quick Facts

(RTTNews) - Digital Realty Trust Inc. (DLR), a provider of data center solutions, said that it expects 2016 core FFO per share to be within a range of $5.45-$5.60, which represents a 7% increase at the midpoint from the midpoint of 2015 core FFO per share guidance. Foreign currency translation is expected to represent a headwind to core FFO per share of 1%-2% in 2016.

"We also expect to generate double-digit AFFO per share growth, driven by greater cash flow contribution from our core business, accretion from the Telx acquisition and the continued burn-off of straight-line rent. In short, the quality of earnings is improving, the growth in cash flow is accelerating, and we are optimistic about the prospects for our business in 2016 and beyond," said Andrew P. Power, Digital Realty's Chief Financial Officer.

The company expects funds from operations per share to be in the range of $5.35 - $5.45 and constant-currency core funds from operations per share of $5.50 - $5.70 for fiscal year 2016.

In Internal Growth, the company projects total revenue to be between $2.0 billion and $2.2 billion for 2016.

Analysts polled by Thomson Reuters expect the company to report earnings of $5.51 per share and revenues of $2.03 billion for fiscal year 2016. Analysts' estimates typically exclude special items.

Digital Realty plans to release its financial results for the fourth quarter and full-year 2015 after the market closes on Thursday, February 25, 2016.