Digital Realty's (DLR) Q4 FFO & Revenues Miss Estimates

Digital Realty Trust (DLR) reported fourth-quarter 2023 core funds from operations (FFO) per share of $1.63, missed the Zacks Consensus Estimate by a penny.Shares of Digital Realty were down 4.72% in after-hours trading session on Feb 15 at the NYSE. Results were primarily affected by lower-than-anticipated revenues. While Digital Realty experienced growth in operating revenues on the back of healthy leasing activity, rising operating expenses acted as a dampener in the quarter. DLR provided a mixed outlook ...