NYSE$DLR
Digital Realty Trust Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Second quarter results were announced, highlighting solid financial performance driven by global platform and strong customer relationships.
Digital Realty reported second quarter 2021 results with revenues of $1.1 billion, net income of $126 million, and net income available to common stockholders of $127 million, or $0.45 per diluted share. The company signed total bookings expected to generate $113 million of annualized GAAP rental revenue.
- Reported net income available to common stockholders of $0.45 per share in 2Q21, compared to net income available to common stockholders of $0.20 in 2Q20
- Reported FFO per share of $1.78 in 2Q21, compared to $1.49 in 2Q20
- Reported core FFO per share of $1.54 in 2Q21 – including a $0.12 non-cash charge to reflect the higher corporate tax rate in the UK – compared to $1.54 in 2Q20
- Signed total bookings during 2Q21 expected to generate $113 million of annualized GAAP rental revenue, including a $13 million contribution from interconnection
Headline financials
Revenue & EPS history
Digital Realty · Revenue · Quarterly
$1.09B
Revenue by segment
Digital Realty · $90.6M total across 1 segment · Q2 2021
- Interconnection and other$90.6M—100.0%
Forward guidance
Digital Realty revised its 2021 core FFO per share outlook from $6.50-$6.55 to $6.45-$6.50, including a $0.12 non-cash charge related to the higher corporate tax rate in the UK.
Tailwinds
- Total revenue $4.325 - $4.425 billion
- Adjusted EBITDA $2.350 - $2.400 billion
- Slightly positive GAAP basis rental rates on renewal leases
- Year-end portfolio occupancy 84.0% - 85.0%
- Long-term debt issuance $1.8 - $2.0 billion
Headwinds
- Net non-cash rent adjustments ($20) - ($25) million
- G&A $380 - $390 million
- Slightly negative Cash basis rental rates on renewal leases
- Same-capital cash NOI growth (2.5%) - (3.5%)
- Recurring CapEx + capitalized leasing costs $210 - $220 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.4%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+0.8%
Avg return
30 days after
48%
32 / 67 earnings
Positive
+9.2%
Q3 2024
Best reaction
-15.6%
Q3 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | +0.5% | -3.9% | |
| Q4 2025 | +0.0% | -2.7% | -3.9% | |
| Q3 2025 | +2.2% | -4.7% | -10.4% | |
| Q2 2025 | +0.4% | -0.5% | +4.4% | |
| Q1 2025 | +4.0% | +4.4% | +9.3% | |
| Q4 2024 | -0.3% | +2.9% | -9.9% | |
| Q3 2024 | +9.2% | +10.3% | +14.5% | |
| Q2 2024 | -4.0% | -4.4% | +0.3% | |
| Q1 2024 | +6.5% | +4.8% | +5.3% | |
| Q4 2023 | -4.2% | -5.0% | -1.0% | |
| Q3 2023 | +4.6% | +6.3% | +16.7% | |
| Q2 2023 | +3.5% | +4.0% | +6.2% | |
| Q1 2023 | +1.5% | -3.0% | +1.2% | |
| Q4 2022 | -2.5% | -4.6% | -11.4% | |
| Q3 2022 | -1.6% | -1.3% | +9.6% | |
| Q2 2022 | +2.5% | +0.0% | -3.0% | |
| Q1 2022 | -1.4% | -4.0% | -4.5% | |
| Q4 2021 | +0.4% | +1.0% | +3.3% | |
| Q3 2021 | +0.1% | +0.7% | +6.1% | |
| Q2 2021 | +0.0% | +0.6% | +3.9% | |
| Q1 2021 | +4.9% | +4.0% | +3.0% | |
| Q4 2020 | -5.1% | -7.0% | -9.0% | |
| Q3 2020 | -3.7% | -2.7% | -8.8% | |
| Q2 2020 | +2.1% | +2.5% | -1.9% | |
| Q1 2020 | -3.1% | -11.2% | -5.6% | |
| Q4 2019 | +3.5% | +4.8% | +12.8% | |
| Q3 2019 | -2.2% | -4.1% | -8.4% | |
| Q2 2019 | +2.8% | +5.4% | +11.1% | |
| Q1 2019 | -2.1% | -1.3% | +0.6% | |
| Q4 2018 | -1.3% | +2.8% | +3.1% | |
| Q3 2018 | -8.4% | -10.1% | -5.4% | |
| Q2 2018 | +3.5% | +3.8% | +5.7% | |
| Q1 2018 | +6.2% | +3.5% | +5.0% | |
| Q4 2017 | -2.9% | -5.4% | +1.0% | |
| Q3 2017 | -4.4% | -3.0% | -3.0% | |
| Q2 2017 | -0.1% | +3.8% | +4.3% | |
| Q1 2017 | +3.3% | +1.4% | +5.9% | |
| Q4 2016 | -0.3% | +0.3% | -1.5% | |
| Q3 2016 | -4.1% | -7.0% | -5.8% | |
| Q2 2016 | -0.9% | -0.7% | -5.6% | |
| Q1 2016 | +0.4% | — | — | |
| Q4 2015 | -1.9% | — | — | |
| Q3 2015 | +2.0% | — | — | |
| Q2 2015 | -0.8% | — | — | |
| Q1 2015 | -0.7% | — | — | |
| Q4 2014 | -1.3% | — | — | |
| Q3 2014 | -0.6% | — | — | |
| Q2 2014 | +2.0% | — | — | |
| Q1 2014 | +3.0% | — | — | |
| Q4 2013 | +0.1% | — | — | |
| Q3 2013 | -15.6% | — | — | |
| Q2 2013 | -9.0% | — | — | |
| Q1 2013 | -2.7% | — | — | |
| Q4 2012 | -1.1% | — | — | |
| Q3 2012 | -4.2% | — | — | |
| Q2 2012 | +2.7% | — | — | |
| Q1 2012 | +0.8% | — | — | |
| Q4 2011 | +2.3% | — | — | |
| Q3 2011 | +1.5% | — | — | |
| Q2 2011 | -10.2% | — | — | |
| Q1 2011 | +1.1% | — | — | |
| Q4 2009 | +1.1% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q3 2010 | -0.9% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q2 2009 | +1.2% | — | — | |
| Q1 2010 | -4.6% | — | — |
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