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. Companies building artificial intelligence infrastructure need somewhere to put the hardware, and the supply of ready-to-use data center capacity is getting tight. When space is scarce, landlords get to name their price, and that pricing power is now feeding directly into Digital Realty’s organic growth. The numbers behind the beat Digital Realty reported its third-quarter results on October 29, 2026. Here is how the key figures break down. Leasing: The $855 million in annualized rent is measured at 100% share, meaning it counts the full value of leases signed acr...