Digital Realty — Feb 5, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-26-010887
Showing in the filing
"Same-Capital" cash NOI growth
“4.0% - 5.0%”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 24
Total revenue for FY2026
“$6.600 - $6.700 billion”
Net non-cash rent adjustments for FY2026
“($90 - $95 million)”
Adjusted EBITDA for FY2026
“$3.600 - $3.700 billion”
Rental rates on renewal leases - Cash basis for FY2026
“6.0% - 8.0%”
Rental rates on renewal leases - GAAP basis for FY2026
“8.5% - 10.5%”
Year-end portfolio occupancy for FY2026
“+50 - 100 bps”
"Same-Capital" cash NOI growth for FY2026
“4.0% - 5.0%”
U.S. Dollar / Pound Sterling for FY2026
“$1.30 - $1.35”
U.S. Dollar / Euro for FY2026
“$1.13 - $1.18”
Dispositions / Joint Venture Capital - Dolla… for FY2026
“$500 - $1,000 million”
Dispositions / Joint Venture Capital - Cap r… for FY2026
“0.0% - 10.0%”
Development CapEx (Net of Partner Contributi… for FY2026
“$3,250 - $3,750 million”
Development - Average stabilized yields for FY2026
“10.0%+”
Enhancements and other non-recurring CapEx for FY2026
“$30 - $35 million”
Recurring CapEx + capitalized leasing costs for FY2026
“$400 - $425 million”
Long-term debt issuance - Dollar amount for the long term
“$1,000 - $1,500 million”
Long-term debt issuance - Pricing for the long term
“4.0% - 4.5%”
Net income per diluted share for FY2026
“$2.55 - $2.65”
Funds From Operations / share (NAREIT-Defined) for FY2026
“$7.45 - $7.55”
Non-core expenses and revenue streams for FY2026
“$0.45 - $0.45”
Constant-Currency Core Funds From Operations… for FY2026
“$7.90 - $8.00”
Core FFO per share outlook for FY2026
“$7.90 - $8.00”
Core FFO per share outlook (reported and Con… for FY2026
“$7.90 - $8.00”
Foreign currency translation adjustments for FY2026
“$0.00 - $0.00”
Exhibit 99.1 · the passage around this item
… earlier in the release
As of Top-Line and Cost Structure February 5, 2026 Total revenue $6.600 - $6.700 billion Net non-cash rent adjustments (1) ($90 - $95 million) Adjusted EBITDA $3.600 - $3.700 billion G&A $610 - $620 million Internal Growth Rental rates on renewal leases Cash basis 6.0% - 8.0% GAAP basis 8.5% - 10.5% Year-end portfolio occupancy (2) +50 - 100 bps "Same-Capital" cash NOI growth (3) 4.0% - 5.0% Foreign Exchange Rates U.S. Dollar / Pound Sterling $1.30 - $1.35 U.S. Dollar / Euro $1.13 - $1.18 External Growth Dispositions / Joint Venture Capital Dollar volume $500 - $1,000 million Cap rate 0.0% - 10.0% Development CapEx (Net of Partner Contributions) (4) $3,250 - $3,750 million Average stabilized yields 10.0%+ Enhancements and other non-recurring CapEx (5) $30 - $35 million Recurring CapEx + capitalized leasing costs (6) $400 - $425 million Balance Sheet Long-term debt issuance Dollar amount $1,000 - $1,500 million Pricing 4.0% - 4.5% Timing Mid-Year Net income per diluted share $2.55 - $2.65 Real estate depreciation and (gain) / loss on sale $4.90 - $4.90 Funds From Operations / share (NAREIT-Defined) $7.45 - $7.55 Non-core expenses and revenue streams $0.45 - $0.45 Core Funds From Operations / share $7.90 - $8.00 Foreign currency translation adjustments $0.00 - $0.00 Constant-Currency Core Funds From Operations / share $7.90 - $8.00 (1) Net non-cash rent adjustments represent the sum of straight-line rental revenue and straight-line rental expense, as well as the amortization of a
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.