Update
Digital Realty Raises Full-Year Guidance
Digital Realty, a data center REIT, raised its full-year guidance for core funds from operations after signing leases worth a record $855 million in annualized GAAP base rent during the third quarter. The company's core FFO is now forecasted to range from $8.30 to $8.35 per share, up nearly 13% from the previous year. The record leasing surge is attributed to the growing demand for data centers driven by AI infrastructure needs, boosting future growth.