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Digital Realty reports Q1 results, revises FY'16 expectations

Digital RealtyTrust Inc. on April 28 reported earnings for the 2016 first quarterand revised its 2016 full-year earnings expectations.

First-quarter FFO came to $208.4 million, or $1.39 per share,compared to $216.4 million, or $1.56 per share, in the 2015 quarter. Core FFO hit$212.6 million, or $1.42 per share, compared to $176.4 million, or $1.27 per share,in the year-ago quarter.

The S&P Capital IQ consensus FFO-per-share estimate for thefirst quarter was $1.35.

With its results, Digital Realty offered FFO-per-share guidancefor 2016 in the range of $5.45 to $5.50, up from the range of $5.35 to $5.45 thecompany offered in Februarywith its 2015 year-end results.

The company also revised its core FFO-per-share guidance forthe year to a range of $5.55 to $5.65 and its constant-currency core FFO-per-shareguidance for the year to a range of $5.60 to $5.75. With its 2015 full-year results,the company offered core FFO-per-share guidance for 2015 in the range of $5.45 to$5.60 and constant-currency FFO-per-share guidance for the year in the range of$5.50 to $5.70.

The S&P Capital IQ consensus FFO-per-share estimate for 2016is $5.55.