Digital Realty (DLR) official guidance
Digital Realty (DLR) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteDLRDIGITAL REALTY TRUST, INC.FY2026 · ends 2026-12-31
20 metrics9 raised2 lowered2 new6 maintainedearnings call · 19h
2026-10-29 22:26:45 UTC$4.3B – $4.8Bmaintained
CapEx net of partner contributions remains consistent with our prior range at $4.25 billion-$4.75 billion, and we are raising our capital recycling guidance by another $500 million to a range of $1.5 billion-$2 billion to reflect the success of our new perpetual private capital strategy.
DLR · transcript · Q3 FY2026
2026-10-29 22:26:00 UTCOpen source
2026-07-24 04:00:54 UTC$4.3B – $4.8Braised +20.0%
CapEx net of partner contributions is expected to increase by $750 million from last quarter to $4.25 billion-$4.75 billion, driven by our recent leasing success and the strong demand outlook.
DLR · transcript · Q2 FY2026
2026-07-24 04:00:00 UTCOpen source
2026-04-24 04:01:02 UTC$3.5B – $4Braised +7.1%
CapEx net of partner contributions are poised to increase by another $250 million at the midpoint to a range of $3.5 billion-$4 billion.
DLR · transcript · Q1 FY2026
2026-04-24 04:00:00 UTCOpen source
2026-02-06 05:01:30 UTC$3.3B – $3.8B
CapEx net of partner contributions are expected to rise to between $3.25 billion and $3.75 billion, with development yields expected to remain in the double digits.
DLR · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2025-10-24 04:01:12 UTCspending more in 2026new
While we haven't given specific guidance for next year, what I can tell you is that I expect, in particular at our gross level, we're going to be spending more in 2026.
DLR · transcript · Q3 FY2025
2025-10-24 04:00:00 UTCOpen source
2026-10-29 22:26:45 UTC$1.5B – $2Bnew
CapEx net of partner contributions remains consistent with our prior range at $4.25 billion-$4.75 billion, and we are raising our capital recycling guidance by another $500 million to a range of $1.5 billion-$2 billion to reflect the success of our new perpetual private capital strategy.
DLR · transcript · Q3 FY2026
2026-10-29 22:26:00 UTCOpen source
2026-10-29 22:26:45 UTC5.3% – 5.8%raised +15.8%5.3% – 5.8% vs FY2025
Same capital cash NOI growth of 5.25%-5.75% on a constant currency basis, up 75 basis points at the midpoint.
DLR · transcript · Q3 FY2026
2026-10-29 22:26:00 UTCOpen source
2026-07-24 04:00:54 UTC4.3% – 5.3%raised +5.6%4.3% – 5.3% vs FY2025
Same capital cash NOI growth of 4.25%-5.25% on a constant currency basis, up 25 basis points.
DLR · transcript · Q2 FY2026
2026-07-24 04:00:00 UTCOpen source
2026-04-24 04:01:02 UTC4% – 5%maintained4% – 5% vs FY2025
Same-Capital Cash NOI growth of 4%-5% on a constant currency basis.
DLR · transcript · Q1 FY2026
2026-04-24 04:00:00 UTCOpen source
2026-02-06 05:01:30 UTC4% – 5%new4% – 5% vs FY2025
Same capital cash NOI growth is expected to grow 4%-5% on a constant currency basis.
DLR · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-10-29 22:26:45 UTC$8.3 – $8.35new
We are raising our 2026 core FFO per share guidance, excluding net promoting income, by $0.15 or nearly 2%, to a new range of $8.30-$8.35 per share.
DLR · transcript · Q3 FY2026
2026-10-29 22:26:00 UTCOpen source
2026-10-29 22:26:45 UTC10% – 12%raised +10.0%
We also expect cash renewal spreads of 10%-12%, up another 100 basis points from last quarter, driven by strong performance year to date.
DLR · transcript · Q3 FY2026
2026-10-29 22:26:00 UTCOpen source
2026-07-24 04:00:54 UTC9% – 11%raised +33.3%
We also expect cash renewal spreads of 9%-11%, up another 250 basis points from last quarter, driven by strong performance year to date with a healthy outlook for the remainder of the year.
DLR · transcript · Q2 FY2026
2026-07-24 04:00:00 UTCOpen source
2026-04-24 04:01:02 UTC6.5% – 8.5%raised +7.1%
We also expect cash renewal spreads of 6.5%-8.5%, up 50 basis points from last quarter.
DLR · transcript · Q1 FY2026
2026-04-24 04:00:00 UTCOpen source
2026-02-06 05:01:30 UTC6% – 8%new
We also expect cash renewal spreads of between 6%-8%, with upside partly mitigated by the high mix of 0-1 MW leases expiring, together with a portion of fixed-rate renewals in our greater-than-a-MW portfolio.
DLR · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-10-29 20:19:00 UTC$4.3B – $4.8Bmaintained
CapEx (Net of Partner Contributions) (4) | | $3,250 - $3,750 million | | $3,500 - $4,000 million | | $4,250 - $4,750 million | | $4,250 - $4,750 million
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC$4.3B – $4.8Braised +20.0%
| CapEx (Net of Partner Contributions) (4) | | $3,250 - $3,750 million | | $3,500 - $4,000 million | | $4,250 - $4,750 million |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTC$3.5B – $4Braised +7.1%
| CapEx (Net of Partner Contributions) (4) | | $3,250 - $3,750 million | | $3,500 - $4,000 million |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-05 21:09:24 UTC$3.3B – $3.8Bnew
| CapEx (Net of Partner Contributions) (4) | | $3,250 - $3,750 million |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source
2026-10-29 20:19:00 UTC0% – 10%maintained
Cap rate | | 0.0% - 10.0% | | 0.0% - 10.0% | | 0.0% - 10.0% | | 0.0% - 10.0%
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC0% – 10%maintained
| Cap rate | | 0.0% - 10.0% | | 0.0% - 10.0% | | 0.0% - 10.0% |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTC0% – 10%maintained
| Cap rate | | 0.0% - 10.0% | | 0.0% - 10.0% |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-05 21:09:24 UTC0% – 10%new
| Cap rate | | 0.0% - 10.0% |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source
2026-10-29 20:19:00 UTC5.3% – 5.8%raised +15.8%5.3% – 5.8% vs FY2025
"Same-Capital" cash NOI growth (3) | | 4.0% - 5.0% | | 4.0% - 5.0% | | 4.25% - 5.25% | | 5.25% - 5.75%
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC4.3% – 5.3%raised +5.6%4.3% – 5.3% vs FY2025
| "Same-Capital" cash NOI growth (3) | | 4.0% - 5.0% | | 4.0% - 5.0% | | 4.25% - 5.25% |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTC4% – 5%maintained4% – 5% vs FY2025
| "Same-Capital" cash NOI growth (3) | | 4.0% - 5.0% | | 4.0% - 5.0% |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-05 21:09:24 UTC4% – 5%new4% – 5% vs FY2025
| "Same-Capital" cash NOI growth (3) | | 4.0% - 5.0% |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source
2026-10-29 20:19:00 UTC$8.25 – $8.3raised +1.8%
Constant-Currency Core FFO / share (excluding net promote) | | $7.90 - $8.00 | | $7.95 - $8.05 | | $8.10 - $8.15 | | $8.25 - $8.30
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC$8.1 – $8.15new
| **Constant-Currency Core FFO / share (excluding net promote)** | | **$7.90 - $8.00** | | **$7.95 - $8.05** | | **$8.10 - $8.15** |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-10-29 20:19:00 UTC$8.3 – $8.35raised +1.8%
Core Funds From Operations / share (excluding net promote) | | $7.90 - $8.00 | | $8.00 - $8.10 | | $8.15 - $8.20 | | $8.30 - $8.35
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC$8.15 – $8.2new
| **Core Funds From Operations / share (excluding net promote)** | | **$7.90 - $8.00** | | **$8.00 - $8.10** | | **$8.15 - $8.20** |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-10-29 20:19:00 UTC$1.5B – $2Braised +40.0%
Dollar volume | | $500 - $1,000 million | | $500 - $1,000 million | | $1,000 - $1,500 million | | $1,500 - $2,000 million
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC$1B – $1.5Braised +66.7%
| Dollar volume | | $500 - $1,000 million | | $500 - $1,000 million | | $1,000 - $1,500 million |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTC$500M – $1Bmaintained
| Dollar volume | | $500 - $1,000 million | | $500 - $1,000 million |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-06 05:01:30 UTC$500M – $1Bmaintained
We will also continue to recycle capital with $500 million-$1 billion of dispositions in JV capital expected this year.
DLR · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-02-05 21:09:24 UTC$500M – $1Bnew
| Dollar volume | | $500 - $1,000 million |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source
2026-10-29 20:19:00 UTC$3.8B – $3.9Braised +0.7%
Adjusted EBITDA | | $3.600 - $3.700 billion | | $3.650 - $3.750 billion | | $3.750 - $3.850 billion | | $3.800 - $3.850 billion
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC$3.8B – $3.9Braised +2.7%
| Adjusted EBITDA | | $3.600 - $3.700 billion | | $3.650 - $3.750 billion | | $3.750 - $3.850 billion |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTC$3.6B – $3.8Braised +1.4%
| Adjusted EBITDA | | $3.600 - $3.700 billion | | $3.650 - $3.750 billion |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-05 21:09:24 UTC$3.6B – $3.7Bnew
| Adjusted EBITDA | | $3.600 - $3.700 billion |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source
2026-10-29 20:19:00 UTC$2.9 – $2.95lowered -6.4%-19% – -17.6% vs FY2025
Net income per diluted share | | $2.55 - $2.65 | | $2.65 - $2.75 | | $3.10 - $3.15 | | $2.90 - $2.95
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC$3.1 – $3.15raised +15.7%-13.4% – -12% vs FY2025
| **Net income per diluted share** | | **$2.55 - $2.65** | | **$2.65 - $2.75** | | **$3.10 - $3.15** |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTC$2.65 – $2.75raised +3.8%-26% – -23.2% vs FY2025
| **Net income per diluted share** | | **$2.55 - $2.65** | | **$2.65 - $2.75** |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-05 21:09:24 UTC$2.55 – $2.65new
| **Net income per diluted share** | | **$2.55 - $2.65** |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source
2026-10-29 20:19:00 UTC$8.55 – $8.6raised +1.8%
Funds From Operations / share (NAREIT-Defined) | | $7.45 - $7.55 | | $7.60 - $7.70 | | $8.40 - $8.45 | | $8.55 - $8.60
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC$8.4 – $8.45raised +10.1%
| **Funds From Operations / share (NAREIT-Defined)** | | **$7.45 - $7.55** | | **$7.60 - $7.70** | | **$8.40 - $8.45** |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTC$7.6 – $7.7raised +2.0%
| **Funds From Operations / share (NAREIT-Defined)** | | **$7.45 - $7.55** | | **$7.60 - $7.70** |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-05 21:09:24 UTC$7.45 – $7.55new
| **Funds From Operations / share (NAREIT-Defined)** | | **$7.45 - $7.55** |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source
2026-10-29 20:19:00 UTC-$0.05maintained
Foreign currency translation adjustments | | $0.00 - $0.00 | | ($0.05) - ($0.05) | | ($0.05) - ($0.05) | | ($0.05) - ($0.05)
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC-$0.05maintained
| Foreign currency translation adjustments | | $0.00 - $0.00 | | ($0.05) - ($0.05) | | ($0.05) - ($0.05) |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTC-$0.05lowered
| Foreign currency translation adjustments | | $0.00 - $0.00 | | ($0.05) - ($0.05) |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-05 21:09:24 UTC$0new
| Foreign currency translation adjustments | | $0.00 - $0.00 |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source
2026-10-29 20:19:00 UTC$640M – $650Mraised +3.2%
G&A | | $610 - $620 million | | $615 - $625 million | | $620 - $630 million | | $640 - $650 million
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC$620M – $630Mraised +0.8%
| G&A | | $610 - $620 million | | $615 - $625 million | | $620 - $630 million |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTC$615M – $625Mraised +0.8%
| G&A | | $610 - $620 million | | $615 - $625 million |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-05 21:09:24 UTC$610M – $620Mnew
| G&A | | $610 - $620 million |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source
2026-10-29 20:19:00 UTC$1.8Bmaintained
Dollar amount | | $1,000 - $1,500 million | | $1,500 - $2,000 million | | $1,500 - $2,000 million | | ~$1,750 million
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC$1.5B – $2Bmaintained
| Dollar amount | | $1,000 - $1,500 million | | $1,500 - $2,000 million | | $1,500 - $2,000 million |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTC$1.5B – $2Braised +40.0%
| Dollar amount | | $1,000 - $1,500 million | | $1,500 - $2,000 million |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-05 21:09:24 UTC$1B – $1.5Bnew
| Dollar amount | | $1,000 - $1,500 million |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source
2026-10-29 20:19:00 UTC4%lowered -20.0%
Pricing | | 4.0% - 4.5% | | 4.0% - 4.5% | | 4.5% - 5.5% | | ~4.0%
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC4.5% – 5.5%raised +17.6%
| Pricing | | 4.0% - 4.5% | | 4.0% - 4.5% | | 4.5% - 5.5% |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTC4% – 4.5%maintained
| Pricing | | 4.0% - 4.5% | | 4.0% - 4.5% |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-05 21:09:24 UTC4% – 4.5%new
| Pricing | | 4.0% - 4.5% |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source
2026-10-29 20:19:00 UTCOctober
Timing | | Mid-Year | | Mid-Year | | 2H-2026 | | October
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC2H-2026
| Timing | | Mid-Year | | Mid-Year | | 2H-2026 |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTCMid-Year
| Timing | | Mid-Year | | Mid-Year |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-05 21:09:24 UTCMid-Yearnew
| Timing | | Mid-Year |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source
2026-10-29 20:19:00 UTC-$150M – -$145Mmaintained
Net non-cash rent adjustments (1) | | ($90 - $95 million) | | ($90 - $95 million) | | ($145 - $150 million) | | ($145 - $150 million)
DLR · EX-99.1 · Q3 FY2026
2026-10-29 20:17:20 UTCOpen source
2026-07-23 20:20:10 UTC-$150M – -$145Mlowered -59.5%
| Net non-cash rent adjustments (1) | | ($90 - $95 million) | | ($90 - $95 million) | | ($145 - $150 million) |
DLR · EX-99.1 · Q2 FY2026
2026-07-23 20:18:24 UTCOpen source
2026-04-23 20:12:57 UTC-$95M – -$90Mmaintained
| Net non-cash rent adjustments (1) | | ($90 - $95 million) | | ($90 - $95 million) |
DLR · EX-99.1 · Q1 FY2026
2026-04-23 20:11:27 UTCOpen source
2026-02-05 21:09:24 UTC-$95M – -$90Mnew
| Net non-cash rent adjustments (1) | | ($90 - $95 million) |
DLR · EX-99.1 · Q4 FY2025
2026-02-05 21:08:07 UTCOpen source