Digital Realty Trust Inc. reported funds from operations for the 2017 fourth quarter of $316.8 million, or $1.48 per share, a 24.1% increase in the aggregate from $255.4 million, or $1.58 per share, in the 2016 period.
Core FFO for the quarter rose 43.6% year over year to $333.3 million, or $1.55 per share, from $232.2 million, or $1.43 per share, in the year-ago period.
For the quarter, operating revenues came in at $731.4 million, a 19.9% rise year over year from $609.9 million in the 2016 period.
For the full year, the company posted a 16.6% year-over-year gain in FFO, which totaled $1.01 billion, or $5.65 per share, compared to $867.7 million, or $5.67 per share, in 2016.
Core FFO for the full year amounted to $1.10 billion, or $6.14 per share, a 25.4% increase from $875.8 million, or $5.72 per share, in 2016.
The S&P Capital IQ consensus FFO-per-share estimate for the quarter was $1.52. For the full year, the S&P Capital IQ consensus estimate for FFO was $6.02 per share.
In reporting results, Digital Realty Trust said it expects FFO per share in the range of $6.40 to $6.50 for the 2018 full year and core FFO for the year at between $6.45 and $6.60 per share.
The S&P Capital IQ consensus FFO-per-share estimate for the 2018 full year is $6.55.