Apr. 23 at 10:26 PM
$DLR just dropped a quiet monster quarter… and the market is starting to notice.
Digital Realty came in HOT with Q1 lease signings at
$423M vs ~
$360M expected — a clean beat showing demand isn’t slowing.
Total bookings hit ~
$707M annualized, and the backlog is now sitting at a massive
$1B. That’s future revenue visibility locked in.
The real signal?
Record activity in smaller-scale (0–1MW) + interconnection leasing — exactly where AI, cloud, and edge demand are accelerating.
And management didn’t waste time: FY26 Core FFO guide raised to
$8.00–
$8.10.
This isn’t just a “good quarter”… it’s confirmation the data center trade is still in expansion mode.
If AI infrastructure demand stays hot, names like this don’t stay cheap for long.
Curious about the full approach?👉 Check the @MeanReverter_
