Digital Realty Trust Inc. (DLR) reported that third quarter funds from operations or FFO available to common stockholders of $64.01 million or $0.74 per share and unit, up from $55.34 million or $0.68 per share and unit last year.
Net income available to common stockholders for the quarter was $12.4 million or $0.16 per share, up from $7.5 million or $0.10 per share in the prior year quarter.
On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.72 per share. Analysts' estimates typically exclude special items.
Total operating revenues for the quarter was $163.23 million, up from $142.02 million last year. Analysts expected the company to report revenue of $161.70 million.
Looking ahead to the full year 2009, the company expects FFO of between $2.88 and $2.90, compared to the previous 2009 FFO guidance of between $2.80 and $2.90 per diluted share and unit. Net income available to common stockholders is expected to be in the range of $0.58 - 0.60 per share . Analysts currently anticipate the company to earn $2.89 per share.
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