AI English summary of an SEC filing — figures as filed
Digital Realty said net income for Q1 2024 was $288 million, and net income available to common stockholders was $271 million ($0.82 per diluted share). The prior quarter was $0.08 per diluted share, and the same quarter last year was $0.20.
Key points
AI summaryDigital Realty said net income for Q1 2024 was $288 million, and net income available to common stockholders was $271 million ($0.82 per diluted share). The prior quarter was $0.08 per diluted share, and the same quarter last year was $0.20.
The company said FFO for Q1 2024 was $451 million ($1.41 per diluted share), and Core FFO was $1.67 per diluted share. In the same quarter last year, FFO was $1.60 and Core FFO was $1.66.
The company said it signed total bookings of $252 million in annualized GAAP rental revenue in Q1 2024. Renewal lease rental rates rose 11.8% on a cash basis and 13.0% on a GAAP basis in the same quarter.
The company said it maintained its 2024 Core FFO per share outlook of $6.60 to $6.75. Its outlook for total revenues of $5.550 to $5.650 billion and Adjusted EBITDA of $2.800 to $2.900 billion is the same as of February 15 and as of May 2.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
1Q24 Net Income and Diluted Earnings per Share
Digital Realty said net income for Q1 2024 was $288 million, and net income available to common stockholders was $271 million ($0.82 per diluted share). The prior quarter was $0.08 per diluted share, and the same quarter last year was $0.20.
Source · Based on the filing body and exhibits
1Q24 FFO and Core FFO
The company said FFO for Q1 2024 was $451 million ($1.41 per diluted share), and Core FFO was $1.67 per diluted share. In the same quarter last year, FFO was $1.60 and Core FFO was $1.66.
Source · Based on the filing body and exhibits
1Q24 New Bookings and Renewal Rent Increases
The company said it signed total bookings of $252 million in annualized GAAP rental revenue in Q1 2024. Renewal lease rental rates rose 11.8% on a cash basis and 13.0% on a GAAP basis in the same quarter.
Source · Based on the filing body and exhibits
Maintains 2024 Core FFO per Share Outlook
The company said it maintained its 2024 Core FFO per share outlook of $6.60 to $6.75. Its outlook for total revenues of $5.550 to $5.650 billion and Adjusted EBITDA of $2.800 to $2.900 billion is the same as of February 15 and as of May 2.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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