| DLR |
Report |
Core FFO per share (2Q26) |
BEAT |
pred ~$2.03 vs. cons $1.98 |
HIGH |
| DLR |
Report |
Total revenue (2Q26) |
BEAT |
pred ~$1.68B vs. cons $1.66B |
LOW |
| DLR |
Report |
Total new leasing bookings signed (2Q26) |
IN-LINE |
pred ~$375M vs. cons ~$350M (off Q1 record $707M) |
MEDIUM |
| DLR |
Guide |
FY26 Core FFO/share guidance |
BETTER |
guide ~$8.05-8.15 (mid ~$8.10) vs. cons $8.06 (FY26) |
MEDIUM |
| DLR |
Guide |
FY26 same-capital cash NOI growth |
UNCHANGED |
guide ~4.0-5.0% vs. cons ~4.5% (FY26) |
MEDIUM |
| DLR |
Guide |
FY26 cash renewal spreads |
UNCHANGED |
guide ~6.5-8.5% vs. cons ~7.5% (FY26) |
LOW |
| DLR |
Guide |
Total backlog (leased-not-commenced) |
BETTER |
guide ~$1.9B vs. cons ~$1.8B (end-2Q26 backlog) |
LOW |
| DLR |
Return |
Day-1 residual (stock − beta × S&P 500) |
+2.0% |
— |
MEDIUM |
| DLR |
Return |
5-day cumulative residual |
+1.0% (FADE) |
Low bar (stock -12% from April peak, lagged EQIX, Blackstone dilution overhang) plus DLR's 4-quarter beat streak and FX tailwind should drive a modest day-1 pop on a Core FFO beat and likely small guide raise. But out-period math works against follow-through: the guided 2Q step-down, back-half-loaded 2H trajectory, and equity-funded M&A (Blackstone/Teraco/Columbia) that is dilutive until 2027 mean out-quarter estimates drift lower even after the beat, capping the move and giving back part of the initial gain. |
LOW |