Digital Realty Trust Q2 Profit Rises; Revises 2015 Core FFO Per Share Outlook

(RTTNews) - Digital Realty Trust, Inc. (DLR), a leading global provider of data center and colocation solutions, reported second quarter net income to stockholders of $117 million, or $0.86 per share, compared to $41.5 million or $0.31 per share in the second quarter of 2014. Adjusted EBITDA was $243 million, a 4% increase over the same quarter last year.

Reported FFO per share of $1.26 compared to $1.20. Reported core FFO per share of $1.30, for the quarter.

On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.25 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $420 million, a 5% increase over the same quarter last year. Analysts expected revenue of $410.78 million for the quarter.

The company revised 2015 core FFO per share outlook to $5.05 - $5.15 from the prior range of $5.03 - $5.13; and revised 2015 "constant-currency" core FFO per share outlook to $5.20 - $5.30 from the prior range of $5.18 - $5.28. Analysts expect the company to report earnings per share of $5.13.