Digital Realty Trust: Q3 Earnings Snapshot
By AP News
Published - Oct 24, 2024, 04:12 PM ET
Last Updated - Dec 16, 2024, 06:00 PM EST
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Digital Realty Trust Inc. (DLR) on Thursday reported a key measure of profitability in its third quarter. The results matched Wall Street expectations.
The Austin, Texas-based real estate investment trust said it had funds from operations of $557.7 million, or $1.67 per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.67 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
