Digital Realty Trust posts record $1.9B backlog, raises earnings guidance on strong data center demand

Digital Realty Trust (DLR) reported a record $1.9 billion backlog and a 25.4% increase in cash rent in Q2 2026, driven by strong demand for data centers. This robust performance supports multi-year double-digit growth, prompting management to raise its Core FFO per share guidance to $8.15–$8.20. Despite the positive outlook and sector tailwinds, concerns remain about DLR's concentrated exposure and high valuation, which may affect risk-reward balance for investors. The company remains a key holding for dividend-focused investors seeking growth in the tech real estate sector.

Digital Realty Trust (DLR) holds a market cap of $65.48 billion and offers a dividend yield of 2.78% on Pluang as of Oct 02, 2026 18:21 WIB. The stock shows a modest 0.29% gain in the past day with a trading volume of 1,894,149 shares, reflecting steady investor interest. Pluang data also indicates a typical hold time of 93 days, suggesting medium-term confidence among investors. This market activity complements the company's strong backlog and raised guidance noted in the news.