177.32
price up icon0.75%   1.32
after-market Handel nachbörslich: 177.25 -0.07 -0.04%
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Warum fällt Digital Realty Trust Inc-Aktie (DLR)?

2024-02-16:

Digital Realty (DLR) stock declined by 8.34% attributed to the company's fourth-quarter financial performance missing estimates. Despite reporting core funds from operations (FFO) per share of $1.63 for Q4 2023, which met expectations, DLR's revenues fell short of the Zacks Consensus Estimate by a penny.

  • Revenue Misses Expectations: Digital Realty's fourth-quarter operating revenues of $1.37 billion missed the Zacks Consensus Estimate of $1.40 billion. The shortfall was primarily driven by lower-than-expected revenues, despite experiencing growth in operating revenues due to robust leasing activity. However, rising operating expenses acted as a dampener in the quarter, impacting the overall financial performance of the company.
  • Mixed Outlook for 2024: DLR provided a mixed outlook for 2024, acknowledging challenges and opportunities in the market. Despite the uncertainties, Digital Realty's president & CEO, Andy Power, emphasized the company's efforts in diversifying its capital sources and capitalizing on opportunities in the AI sector.
  • Rising Operating Expenses: Total operating expenses increased by 11.1% year over year to $1.24 billion. This rise was primarily attributed to higher costs related to utilities, rental property operations, general administration, transaction and integration expenses, provision for impairment, and other expenses.
reit_specialty CCI
$108.36
price up icon 1.67%
reit_specialty IRM
$122.35
price up icon 0.98%
$895.92
price up icon 0.86%
$228.77
price up icon 1.41%
reit_specialty WY
$31.71
price up icon 1.70%
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