(RTTNews) - Digital Realty Trust Inc. (DLR: News ), an owner and operator of datacenters, Monday issued earnings guidance for fiscal 2010, expecting 7.9% to 13.5% funds from opeartions growth year-on-year.

The San Francisco, California-based Digital Realty expects FFO to be between $3.13 and $3.27 per share/unit for fiscal 2010. Net income available to common stockholders is anticipated to be in the range of $0.79 - $0.93 per share.

Twelve analysts polled by Thomson Reuters currently expect the company to report earnings of $3.27 per share. Analysts' estimates typically exclude special items.

Digital Realty's fiscal 2010 guidance represents an expected FFO growth of 7.9% to 13.5% over fiscal 2009's revised FFO outlook range of $2.88 to $2.90 per share and unit.

The company's earnings projections are also based on a number of assumptions, including that the acquisitions of income producing properties will total $250 million at average cap rate of 10%, and commencement of leases which will contribute $80 million - $90 million of GAAP rental revenue on an annualized basis.
Digital Realty had said late October that it anticipates FFO of between $2.88 and $2.90 per share/unit for fiscal 2009 and net income available to common stockholders to range between $0.58 and $0.60 per share.

For the third quarter of fiscal 2009, Digital Realty had reported FFO available to common stockholders of $74.71 million, compared with $61.99 million reported last year. Net income available to common stockholders was $12.4 million or $0.16 per share, up from $7.5 million or $0.10 per share in the prior year quarter.

DLR is trading at $45.46, up $0.67 or 1.50% on a volume of about 66 thousand shares.

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by RTT Staff Writer

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