Digital Realty said total operating revenues increased by approximately $28.8 million and $11.7 million in the 3-month and 9-month periods ended September, 2024, respectively. Stabilized rental and other services revenue decreased by $35.8 million and $59.4 million, respectively. The company cited lower utility reimbursements from power price decreases as the main factor, which decreased by $50.2 million and $145.6 million.

1. 01

   Digital Realty said total operating revenues increased by approximately $28.8 million and $11.7 million in the 3-month and 9-month periods ended September, 2024, respectively. Stabilized rental and other services revenue decreased by $35.8 million and $59.4 million, respectively. The company cited lower utility reimbursements from power price decreases as the main factor, which decreased by $50.2 million and $145.6 million.

2. 02

   Gain on disposition of properties decreased by approximately $811.2 million and $449.7 million in the 3-month and 9-month periods of 2024, the company said. In January 2024, the company sold its interest in 4 data centers to Brookfield for approximately $271 million and recognized a gain of approximately $194.2 million.

3. 03

   The company said it issued approximately 6.4 million shares under the 2024 Sales Agreement Amendment during the 9 months of 2024, raising net proceeds of approximately $983 million. It also said an offering of approximately 12.1 million shares closed in May 2024, generating net proceeds of approximately $1.7 billion.

4. 04

   The company said it repaid $240 million under the U.S. term loan facility in January 2024, leaving $500 million outstanding, and repaid €375 million under the Euro Term Loan Facilities in September 2024, leaving €375 million outstanding. It also issued 3.875% Guaranteed Notes due 2033 in September 2024.

Key figures

Quarter ended September 30, 2024

Revenue

$1.4B

Operating income

$168M

Net income

$51M

EPS

$0.09

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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