Digital Realty Trust Inc (MEX:DLR)

MXN 3671 0 (0%) Market Cap: 1.19 Tn Enterprise Value: 1.58 Tn PE Ratio: 146.94 PB Ratio: 2.78 GF Score: 66/100

Q3 2024 Digital Realty Trust Inc Earnings Call Transcript

Oct 24, 2024 / 09:00 PM GMT

Release Date Price: MXN3135

Transcript 10-Q8-K

Key Points

Positve

Digital Realty Trust Inc (DLR) achieved a record new leasing volume of $521 million, surpassing previous records and expectations.
The company reported strong fundamentals with improved pricing for data center capacity, evident in both new and renewed leases.
Development pipeline increased by nearly 50% sequentially to 644 megawatts under construction, with 74% pre-leased at a 12% average expected yield.
Digital Realty Trust Inc (DLR) raised its full-year core FFO guidance, reflecting strong year-to-date leasing and commencements.
The company maintained a strong balance sheet with nearly $5 billion in liquidity and a net debt to EBITDA ratio of 5.4 times.

Negative

Despite strong leasing, there are concerns about potential demand pull-forward, which could impact future leasing volumes.
The company faces challenges in managing supply chain, construction, and operational expertise to meet growing demand.
There are power delivery constraints in certain markets, such as Northern Virginia, which could affect future capacity availability.
Higher property operating costs and bad debt reserves impacted same capital cash NOI growth.
The company is experiencing elevated utility prices in certain regions, which have negatively impacted power margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DLR.N - Digital Realty Trust Inc
Q3 2024 Digital Realty Trust Inc Earnings Call
Oct 24, 2024 / 09:00PM GMT

=====================
Presentation
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Unidentified Participant [1]
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And no, I mean, b, no. Okay. Okay. Okay. My name in. Good afternoon. And welcome to the Digital Realty. Third, please note this event is being recorded. During today's presentation, all parties will be in listen only mode. Following the presentation, we will conduct a question and answer session. Callers will be limited to one question and we will aim to conclude at the top of the hour. I would now like to turn the call over to Jordan Sadler, Digital Realty's Senior Vice President of Public and Private Investor Relations. Jordan. Please go ahead. Thank you, operator, and welcome, everyone, to Digital Realty Third Quarter 2024 earnings conference call. Joining me on today's call are President and CEO, Andy Power, and CFO

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