Why Digital Realty Trust Shares Are Sliding Today



Digital Realty Trust, Inc. (NYSE:DLR) shares are sliding after the company reported fourth-quarter financial results yesterday and issued FY24 guidance below estimates.

Revenue of $1.369 billion, up 11% Y/Y, missed the consensus of $1.394 billion.

Adjusted EBITDA rose 9% Y/Y to $700 million in the fourth quarter of 2023, a 2% increase from the previous quarter and 9% increase over the same quarter last year. 

Core FFO …

Full story available on Benzinga.com


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