Based in Austin, Texas, Digital Realty Trust, Inc. (DLR) provides data center, colocation, and interconnection solutions. Valued at $49.47 billion by market cap, the company provides its customers in cloud and information technology services, communications and social networking, financial services, healthcare, consumer products, manufacturing, and energy with access to connected data communities through a global data center footprint of more than 300 facilities in over 50 metros across more than 25 countries on six continents. The leading REIT is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Thursday, Jul. 25.
Ahead of the event, analysts expect DLR to report an FFO of $1.62 per share on a diluted basis, down 3.6% from $1.68 per share in the year-ago quarter. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion. During the previous quarter, DLR signed total bookings are expected to generate $252 million of annualized GAAP rental revenue, including a $40 million contribution from the 0-1 MW category and a $13 million contribution from interconnection.
