Digital Realty Trust Q1 Revenues, Net, and FFO Increase
Apr 26th 2013 9:43PM
Updated Apr 27th 2013 9:25AM
Digital Realty Trust results for the specialty REIT's Q1 have been released. For the quarter, operating revenues totaled $358 million, an improvement over the $283 million in the same period the previous year. Net income available to common shareholders advanced to $43 million ($0.34 per diluted share) from Q1 2012's $39 million ($0.36). Funds from operations, considered an important metric for REITs, also grew by 9%, to $1.16 per share. The year-ago quarter's FFO came in at $1.06.
Digital Realty Trust said that, as of April 26, its portfolio was comprised of 122 properties consisting of 175 buildings. These assets total roughly 22.7 million net rentable square feet, and are located in 32 data center markets in North America, Europe, Asia, and Australia.
The article Digital Realty Trust Q1 Revenues, Net, and FFO Increase originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Digital Realty Trust. The Motley Fool has no position in Digital Realty Trust. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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