HighGravityData

Digital Realty

Guidance from Digital Realty’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Current guidance
35 items
Releases tracked
8
Latest release
Jul 23, 2026
Data checked
Jul 23, 2026
On this page:Latest changes·Current guidance·Your sector group·History

What changed in the Jul 23, 2026 release

Each item compared with the same item in the previous release (Apr 23, 2026). Values in quotation marks are the company’s words.

New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
ChangeMetricPeriodPreviousNowSource
LoweredNon-core expenses and revenue streamsfor FY2026“$0.40 - $0.40”“$0.25 - $0.25”Filing ↗
NewTotal revenue (excluding promote income)for FY2026—“$6.600 - $6.700 billion”Filing ↗
RaisedNet income per diluted sharefor FY2026“$2.65 - $2.75”“$3.10 - $3.15”Filing ↗
Raised"Same-Capital" cash NOI growthfor FY2026“4.0% - 5.0%”“4.25% - 5.25%”Filing ↗
NewAverage stabilized yieldsfor FY2026—“10.0%+”Filing ↗
NewConstant-Currency Core FFO / share (excluding net promote)for FY2026—“$7.90 - $8.00”Filing ↗
NewConstant-Currency Core FFO per share (excluding net promote) outlookfor FY2026—“$8.10 - $8.15”Filing ↗
NewCore FFO per share (excluding net promote) outlookfor FY2026—“$8.15 - $8.20”Filing ↗
NewCore Funds From Operations / share (excluding net promote)for FY2026—“$8.15 - $8.20”Filing ↗
RaisedDevelopment CapEx (Net of Partner Contributions)for FY2026“$3,500 - $4,000 million”“$4,250 - $4,750 million”Filing ↗
RaisedDispositions / Joint Venture Capital - Dollar volumefor FY2026“$500 - $1,000 million”“$1,000 - $1,500 million”Filing ↗
RaisedFunds From Operations / share (NAREIT-Defined)for FY2026“$7.60 - $7.70”“$8.40 - $8.45”Filing ↗
RaisedNet non-cash rent adjustmentsfor FY2026“($90 - $95 million)”“($145 - $150 million)”Filing ↗
NewNet Promotefor FY2026—“($0.50) - ($0.50)”Filing ↗
RaisedRental rates on renewal leases - Cash basisfor FY2026“6.0% - 8.0%”“9.0% - 11.0%”Filing ↗
RaisedRental rates on renewal leases - GAAP basisfor FY2026“8.5% - 10.5%”“12.0% - 14.0%”Filing ↗
LoweredU.S. Dollar / Eurofor FY2026“$1.15 - $1.20”“$1.13 - $1.18”Filing ↗
RaisedYear-end portfolio occupancyfor FY2026“+50 - 100 bps”“+75 - 125 bps”Filing ↗
RaisedLong-term debt issuance - Pricingfor the long term“4.0% - 4.5%”“4.5% - 5.5%”Filing ↗
ChangedLong-term debt issuance - Timingfor the long term“Sep-24”“2H-2026”Filing ↗
ReiteratedAdjusted EBITDAfor FY2026“$3.600 - $3.700 billion”“$3.600 - $3.700 billion”Filing ↗
ReiteratedDispositions / Joint Venture Capital - Cap ratefor FY2026“0.0% - 10.0%”“0.0% - 10.0%”Filing ↗
ReiteratedEnhancements and other non-recurring CapExfor FY2026“$30 - $35 million”“$30 - $35 million”Filing ↗
ReiteratedForeign currency translation adjustmentsfor FY2026“($0.05) - ($0.05)”“($0.05) - ($0.05)”Filing ↗
ReiteratedRecurring CapEx + capitalized leasing costsfor FY2026“$400 - $425 million”“$400 - $425 million”Filing ↗
ReiteratedU.S. Dollar / Pound Sterlingfor FY2026“$1.32 - $1.37”“$1.32 - $1.37”Filing ↗
ReiteratedLong-term debt issuance - Dollar amountfor the long term“$1,500 - $2,000 million”“$1,500 - $2,000 million”Filing ↗

Current guidance

Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.

Current fiscal year
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Non-core expenses and revenue streams“$0.25 - $0.25”for FY2026Company-definedFeb 5, 20263Filing ↗
Total revenue“$6.600 - $6.700 billion”for FY2026GAAP-tiedFeb 5, 20262Filing ↗
Total revenue (excluding promote income)“$6.600 - $6.700 billion”for FY2026GAAP-tiedJul 23, 20261Filing ↗
Adjusted EBITDA“$3.600 - $3.700 billion”for FY2026Company-definedFeb 5, 20263Filing ↗
Net income per diluted share“$3.10 - $3.15”for FY2026GAAP-tiedFeb 5, 20263Filing ↗
"Same-Capital" cash NOI growth“4.25% - 5.25%”for FY2026Company-definedFeb 5, 20263Filing ↗
Average stabilized yields“10.0%+”for FY2026Company-definedJul 23, 20261Filing ↗
Constant-Currency Core FFO / share (excluding net promote)“$7.90 - $8.00”for FY2026Company-definedJul 23, 20261Filing ↗
Constant-Currency Core FFO per share (excluding net promote) outlook“$8.10 - $8.15”for FY2026Company-definedJul 23, 20261Filing ↗
Constant-Currency Core FFO per share outlook“$7.95 - $8.05”for FY2026Company-definedApr 23, 20261Filing ↗
Constant-Currency Core Funds From Operations / share“$7.90 - $8.00”for FY2026Company-definedFeb 5, 20262Filing ↗
Core FFO per share (excluding net promote) outlook“$8.15 - $8.20”for FY2026Company-definedJul 23, 20261Filing ↗
Core FFO per share outlook“$8.00 - $8.10”for FY2026Company-definedFeb 5, 20262Filing ↗
Core FFO per share outlook (reported and Constant-Currency basis)“$7.90 - $8.00”for FY2026Company-definedFeb 5, 20261Filing ↗
Core Funds From Operations / share“$8.00 - $8.10”for FY2026Company-definedApr 23, 20261Filing ↗
Core Funds From Operations / share (excluding net promote)“$8.15 - $8.20”for FY2026Company-definedJul 23, 20261Filing ↗
Development - Average stabilized yields“10.0%+”for FY2026Company-definedFeb 5, 20262Filing ↗
Development CapEx (Net of Partner Contributions)“$4,250 - $4,750 million”for FY2026Company-definedFeb 5, 20263Filing ↗
Dispositions / Joint Venture Capital - Cap rate“0.0% - 10.0%”for FY2026Company-definedFeb 5, 20263Filing ↗
Dispositions / Joint Venture Capital - Dollar volume“$1,000 - $1,500 million”for FY2026Company-definedFeb 5, 20263Filing ↗
Enhancements and other non-recurring CapEx“$30 - $35 million”for FY2026Company-definedFeb 5, 20263Filing ↗
Foreign currency translation adjustments“($0.05) - ($0.05)”for FY2026Company-definedFeb 5, 20263Filing ↗
Funds From Operations / share (NAREIT-Defined)“$8.40 - $8.45”for FY2026Company-definedFeb 5, 20263Filing ↗
Net non-cash rent adjustments“($145 - $150 million)”for FY2026Company-definedFeb 5, 20263Filing ↗
Net Promote“($0.50) - ($0.50)”for FY2026Company-definedJul 23, 20261Filing ↗
Recurring CapEx + capitalized leasing costs“$400 - $425 million”for FY2026Company-definedFeb 5, 20263Filing ↗
Rental rates on renewal leases - Cash basis“9.0% - 11.0%”for FY2026Company-definedFeb 5, 20263Filing ↗
Rental rates on renewal leases - GAAP basis“12.0% - 14.0%”for FY2026Company-definedFeb 5, 20263Filing ↗
U.S. Dollar / Euro“$1.13 - $1.18”for FY2026Company-definedFeb 5, 20263Filing ↗
U.S. Dollar / Pound Sterling“$1.32 - $1.37”for FY2026Company-definedFeb 5, 20263Filing ↗
Year-end portfolio occupancy“+75 - 125 bps”for FY2026Company-definedFeb 5, 20263Filing ↗
Long term
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Long-term debt issuance - Dollar amount“$1,500 - $2,000 million”for the long termCompany-definedFeb 13, 20255Filing ↗
Long-term debt issuance - Pricing“4.5% - 5.5%”for the long termCompany-definedOct 24, 20248Filing ↗
Long-term debt issuance - Timing“2H-2026”for the long termCompany-definedOct 24, 20242Filing ↗
U.S. Hyperscale Data Center Fund LP equity commitments target“$2.5 billion”for the long termCompany-definedApr 24, 20251Filing ↗

How one item moved

Long-term debt issuance - Pricing, for the long term — every statement across the year, each linked to its filing.

Oct 24, 2024
New
“3.875%”
Feb 13, 2025
Raised
“5.0% - 5.5%”
Apr 24, 2025
Widened
“4.0% - 5.5%”
Jul 24, 2025
Lowered
“~4.0%”

How your Logistics & diversified REITs sector group guides

12 companies in Logistics & diversified REITs. What they guide on, and who reported this season.

Most-guided metric families
GAAP EPS
11
Dividends
8
Revenue
7
Capex
6
Buybacks
6
Adjusted EBITDA
5
Interest expense
4
Same-store sales
3
This season’s releases
PrologisOct 15, 202618 changes
Simon Property GroupAug 10, 202617 changes
Realty IncomeAug 5, 20268 changes
EquinixJul 29, 202626 changes
Public StorageJul 29, 202619 changes
VentasJul 29, 202614 changes
American TowerJul 28, 202639 changes
Extra Space StorageJul 28, 20266 changes
Get this for your own peer set — Peer Guidance Briefing, $3,000.

Full history

Every metric, every release, eight quarters — the complete record as one table.

MetricFY2026FY2025FY2024Long-term
Non-core expenses and revenue streams3 statements1 statement1 statement—
Total revenue3 statements4 statements1 statement—
Adjusted EBITDA3 statements4 statements1 statement—
Net income per diluted share3 statements4 statements1 statement—
"Same-Capital" cash NOI growth3 statements4 statements1 statement—
The full record for Digital Realty and its Logistics & diversified REITs peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.

Filings

The 8 earnings releases this page is built from.

FiledFiscal periodAccessionGuidance items
Jul 23, 2026FY2026 Q20001104659-26-08627027Open filing ↗
Apr 23, 2026FY2026 Q10001104659-26-04770225Open filing ↗
Feb 5, 2026FY2025 Q40001104659-26-01088724Open filing ↗
Oct 23, 2025FY2025 Q30001104659-25-10182722Open filing ↗
Jul 24, 2025FY2025 Q20001558370-25-00954322Open filing ↗
Apr 24, 2025FY2025 Q10001558370-25-00543424Open filing ↗
Feb 13, 2025FY2024 Q40001558370-25-00094522Open filing ↗
Oct 24, 2024FY2024 Q30001558370-24-01362023Open filing ↗
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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