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# Digital Realty Raises 2026 Profit Outlook After Record $855 Million Of New Rent Signed At 100% Share
- URL: https://www.bullished.co/digital-realty-raises-2026-profit-outlook-after-record-855-million-of-new-rent-signed-at-cf1c11b2/
- Published: 2026-10-29T20:41:45.000Z
- Updated: 2026-10-29T20:41:45.000Z
- Description: The data center landlord lifted its core profit forecast to $8.30-$8.35 a share and closed $1.4 billion of equity commitments after quarter end.
- Author: Matteo Parrino
- Tags: SEC Filings, DLR, Industry: Real Estate

[Digital Realty](https://www.bullished.co/tag/dlr/), which owns data centers and rents space in them to cloud, technology and enterprise customers, raised its 2026 profit forecast after signing a record [$855 million](https://www.sec.gov/Archives/edgar/data/0001297996/000110465926120212/dlr-ex99d1.htm?ref=bullished.co) of new annualized rent at 100% share in the third quarter, the company said Thursday. At its own share, bookings were a record $627 million.

## Forecast raised again, to $8.30-$8.35

The company now expects 2026 core funds from operations per share, excluding net promote, of $8.30 to $8.35, up from $8.15 to $8.20 in July. Core funds from operations is a profit measure for real estate companies that adds back depreciation. Its February range was $7.90 to $8.00.

It also lifted revenue guidance, excluding promote income, to $7.050-$7.125 billion from $6.850-$6.950 billion in July. Adjusted EBITDA is guided to $3.800-$3.850 billion, from $3.750-$3.850 billion.

Third-quarter revenue was $1.9 billion, 21% above a year earlier. Net income available to common stockholders was $0.48 per diluted share, against $0.15 a year earlier.

## Backlog and renewal pricing

The backlog of signed leases that have not yet started reached a record $2.5 billion of annualized base rent at 100% share, or a record $1.8 billion at the company's share. New leases signed in the quarter carried a weighted-average lag of 17 months before they begin.

Renewal leases rose 11.8% on a cash basis and 17.0% on a GAAP basis. CEO Andy Power said the quarter brought "record leasing, an expanding backlog, and another quarter of double-digit earnings growth."

## Paying for the build-out

Net development capital spending is guided to $4.25-$4.75 billion, up from $3.25-$3.75 billion in February. After quarter end, the company closed $1.4 billion of initial cornerstone equity commitments to a new perpetual capital strategy focused on stabilized hyperscale data centers in North America.

Year to date it has sold about 15.9 million shares through its at-the-market program for net proceeds of about $2.9 billion. In October it also issued €1 billion of 5.125% euro notes due 2036 and Swiss franc bonds worth about CHF508 million in net proceeds.

It also bought an additional 16% stake in Teraco after quarter end for about $688 million, mostly in 3.4 million new shares, lifting its ownership from 61% to about 77%.

Management hosts its investor call at 5:00 p.m. ET Thursday, and the company next appears at the Nareit REITworld conference in Atlanta on November 17-18.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — DIGITAL REALTY TRUST, INC. (DLR)](https://www.sec.gov/Archives/edgar/data/0001297996/000110465926120212/dlr-20261029x8k.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit dlr-ex99d1.htm — DIGITAL REALTY TRUST, INC. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001297996/000110465926120212/dlr-ex99d1.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit dlr-ex99d2.htm — DIGITAL REALTY TRUST, INC. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001297996/000110465926120212/dlr-ex99d2.htm?ref=bullished.co) — SEC EDGAR

### More on Digital Realty Trust

- [Digital Realty Sells €1 Billion Of 5.125% Notes Due 2036, With Proceeds Pledged To Green Projects](https://www.bullished.co/digital-realty-sells-1-billion-of-5-125-notes-due-2036-with-proceeds-pledged-to-green-7049061e/)
- [Digital Realty's Finance Arm Prices €1 Billion Of 10-Year Notes At 5.125%, Sold Only Outside U.S.](https://www.bullished.co/digital-realtys-finance-arm-prices-1-billion-of-10-year-notes-at-5-125-sold-only-outside-u-6002bcc2/)
- [Digital Realty's Dutch Unit Sells CHF510 Million Of Swiss Franc Notes In Three Maturities](https://www.bullished.co/digital-realtys-dutch-unit-sells-chf510-million-of-swiss-franc-notes-in-three-maturities-3c2c57a8/)

[All Digital Realty Trust (DLR) coverage →](https://www.bullished.co/tag/dlr/)