Channel NewsAsia
AsiaPac · 18 mins ago
Digital Realty raises annual FFO forecast on robust data center demand
July 23 : Digital Realty Trust raised its full-year forecast for funds from operations on Thursday, betting on resilient leasing momentum from cloud and AI customers to drive growth, sending its shares up 3 per cent in extended trading. Austin, Texas-based Digital Realty is a real estate investment trust (REIT) that provides data center, colocation and interconnection solutions. The company leases managed data centers to clients across industries ranging from cloud and information technology to social networking, communications, and manufacturing, and has been a major beneficiary of the race to adopt generative AI, which requires vast amounts of computing power housed in specialized facilities.Here are some more details: • Digital Realty now expects fiscal 2026 adjusted funds from operatio
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