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Market Impact: 0.25

Digital Realty Trust (DLR) Beats Q1 FFO and Revenue Estimates

DLR
Corporate EarningsCompany FundamentalsAnalyst EstimatesHousing & Real Estate

Digital Realty Trust reported quarterly FFO of $2.04 per share, beating the Zacks Consensus Estimate of $1.94 by $0.10, or about 5%. FFO also improved from $1.77 per share a year ago, indicating stronger underlying operating performance. The release is positive for a real estate company but is likely to have a limited near-term market impact.

Analysis

Digital Realty Trust reported quarterly FFO of $2.04 per share, beating the Zacks Consensus Estimate of $1.94 by $0.10, or about 5%. FFO also improved from $1.77 per share a year ago, indicating stronger underlying operating performance. The release is positive for a real estate company but is likely to have a limited near-term market impact.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.35

Ticker Sentiment

DLR0.45