Digital Realty Raises Guidance as Backlog Hits Record $1.9 Billion

Key Facts

1Digital Realty achieved a record $1.9 billion backlog and a 25.4% cash rent increase on renewals in Q2 2026.

2Management raised guidance, targeting Core FFO per share of $8.15–$8.20.

Digital Realty management raised its guidance for Core Funds From Operations (Core FFO) to a range of $8.15 to $8.20 per share. Seeking Alpha reported that the company achieved a record $1.9 billion backlog alongside a 25.4% increase in cash rent on renewals during the second quarter of 2026.

This robust momentum is driven by surging demand for AI infrastructure, allowing the REIT to secure data center space at higher rates and expand its project pipeline. DLR closed at $176.49 on October 1, 2026, having reached a session high of $177.18 and a low of $172.83.