Digital Realty raises full-year guidance after record leasing bookings

AI demand helped the data center REIT sign a record $855 million in annualized rent in the third quarter, lifting its core FFO outlook Digital Realty just had the best leasing quarter in its history, and it isn’t being shy about what that means for the rest of the year. The data center landlord (NYSE: DLR) 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. That figure came in 20% above the company’s previous quarterly high , which is a big jump for a business usually described as steady. The driver is familiar.

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