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Digital Realty Trust (DLR) Tops Q4 EPS by $1.12, Revenues Miss

February 13, 2020 4:53 PM

Digital Realty Trust (NYSE: DLR) reported Q4 EPS of $1.50, $1.12 better than the analyst estimate of $0.38. Revenue for the quarter came in at $787.46 million versus the consensus estimate of $788.22 million.

"In the fourth quarter, we signed total bookings expected to generate $69 million of annualized GAAP rental revenue, including a $7 million contribution from interconnection," said Chief Executive Officer A. William Stein. "We made significant progress towards a number of key strategic priorities. We continued to enhance our customer offerings with the launch of PlatformDIGITALTM, a first-of-its-kind global data center platform, and we continued to extend our global footprint with an agreement to combine with Interxion. We also executed on our private capital initiative with the closing of our joint venture with Mapletree, and we further strengthened the balance sheet with the issuance of low-cost debt and preferred equity capital. Looking ahead to 2020 and beyond, we are confident that Digital Realty's global, full-product platform will continue to deliver sustainable growth for all stakeholders."

For earnings history and earnings-related data on Digital Realty Trust (DLR) click here.

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