Digital Realty Crushes Q3 2026 Earnings with Record Leasing and Strong Execution
Digital Realty, a leading global provider of cloud-connected data centers, storage, colocation, and managed services, has delivered an outstanding quarter in Q3 2026. The company's exceptional execution across its global platform has driven upside to revenues, Adjusted EBITDA, and Core FFO.
According to the company's latest conference call transcript, Digital Realty reported a remarkable 11% increase in Core FFO per share growth, exceeding expectations and prompting a nearly 2% raise in full-year guidance. The total leasing for the quarter reached $855 million, with new records set across several metrics.
Significantly, signings in the 0 to 1 MW plus interconnection category exceeded last quarter's record by an impressive 40%. Total greater than a megawatt leasing hit $689 million, or $474 million at Digital Realty share, driven by a new high water mark in pricing. These bookings pushed the company's total backlog to a new record of $2.5 billion, providing strong visibility through next year and into 2028.
Andy Power, President and CEO, highlighted the importance of Digital Realty's unique global platform, which combines colocation and connectivity hubs, hyperscale data centers, and strategic private capital capabilities. This differentiated platform has enabled the company to deliver reliable execution, speed to market, and connectivity, making it a trusted partner for customers around the world.
Digital Realty's strong Q3 results demonstrate its ability to meet the growing demands of enterprises, cloud providers, network operators, and AI innovators. The company's strategic private capital initiative has also gained momentum, with over $1.4 billion in initial cornerstone equity commitments closed within the last week.
As the digital infrastructure industry continues to evolve rapidly, Digital Realty is well-positioned to capitalize on the trends driving growth in capacity demand and highly connected environments. With its 20+ year track record and unique platform capabilities, the company remains a leader in the market.
The Q3 results underscore Digital Realty's commitment to delivering exceptional value to customers through its global platform, which combines global scale, connectivity-rich environments, development expertise, and capital flexibility. As the industry continues to evolve, Digital Realty is poised for continued growth and success."
