Digital Realty stock: Record leasing lifts 2026 outlook

Digital Realty reported record leasing for the third quarter ended September 30, 2026, and raised its full-year outlook. In its third-quarter results release published on October 29, the data-center operator said bookings reached USD 627 million at its share, including USD 152 million from the 0-to-1 megawatt and interconnection category.

Digital Realty stock traded at EUR 164.98 on Lang & Schwarz at 11:00 p.m. CET on Wednesday, November 4. The company reported total third-quarter revenue of USD 1.9 billion, up 21% from the same quarter a year earlier. Net income available to common stockholders was USD 185 million, or USD 0.48 per diluted share.

Bookings strengthen future revenue visibility

The leasing performance gives Digital Realty a larger base of signed contracts waiting to begin. Its backlog reached a record USD 1.8 billion at the company's share, while renewal leases generated cash rental rate increases of 11.8%. The weighted-average delay between signing and contractual commencement was 17 months.

Core FFO excluding net promote income came to USD 2.10 per diluted share, compared with USD 1.89 a year earlier. Digital Realty raised its 2026 Core FFO outlook excluding net promote income to USD 8.30 to USD 8.35 per share, while its constant-currency outlook was lifted to USD 8.25 to USD 8.30.

Data-center platform serves global demand

Digital Realty provides data-center, colocation and interconnection services through its PlatformDIGITAL platform. The company says its footprint covers more than 300 facilities in over 55 metros across more than 30 countries on six continents, serving cloud, digital transformation and artificial-intelligence workloads. Its global scale and focus on connectivity-rich facilities position it among the largest operators in the data-center infrastructure market, while specialized colocation and interconnection providers compete for the same customer demand.

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