Previous close | 148.34 |
Open | 146.79 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 141.00 - 146.80 |
52-week range | 86.73 - 154.18 |
Volume | |
Avg. volume | 1,077 |
Market cap | 31.777B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | 0.30 |
EPS (TTM) | 4.83 |
Earnings date | 24 Oct 2024 - 28 Oct 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Digital Realty's (DLR) Q2 FFO tops estimates. Results reflect decent leasing activity and rental rate increases.
Data center services provider Digital Realty posted a surprise drop in second-quarter revenue and a decline in core funds from operations (FFO) on Thursday, sending its shares down 2.7% in extended trading. High interest rates have prompted customers to spend cautiously on the company's services. It also faces stiff competition from rivals such as Equinix.
While the top- and bottom-line numbers for Digital Realty Trust (DLR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.