Digital Realty Trust Inc. (DLR) announced revised guidance for the year ended December 31, 2012, and initial guidance for the year ending December 31, 2013.
The company now expects net income per share to be in the range of $1.46 - $1.48, Funds from operations or FFO per share of $4.42 - $4.44. and Core FFO per share of $4.44 - $4.46 for fiscal 2012. While announcing the third-quarter result, the company expected net income per share to be in the range of $1.51 - $1.55, FFO per share of $4.40 - $4.44, and Core FFO per share of $4.40 - $4.44 for fiscal 2012.
Analysts polled by Thomson Reuters expect the company to report earnings of $4.43 per share for the third-quarter. Analysts' estimates typically exclude special items.
FFO per share for the year ending December 31, 2013 is projected to be between $4.65 and $4.80. This guidance represents projected FFO growth of 4.7% to 8.6% over the revised projected 2012 FFO range of $4.42 to $4.44 per share.
Core FFO per share for the year 2013 is projected to be between $4.70 and $4.85. This guidance represents projected core FFO growth of 5.4% to 9.2% over the revised projected 2012 core FFO range of $4.44 and $4.46 per share.
Net income available to common stockholders per share is expected to be in the range of $1.37 - $1.52 for fiscal 2013.
Analysts expect the company to report earnings of $4.96 per share for fiscal 2013.
In a separate press release, Digital Realty Trust announced leasing results for the fourth quarter.
For the quarter ended December 31, 2012, the company commenced leases totaling approximately $52.3 million of annualized GAAP rental revenue, including over $3.9 million of colocation revenue.
The company said it signed leases during the quarter ended December 31, 2012 totaling nearly $28.8 million in annualized GAAP rental revenue, including $3.9 million of colocation revenue.
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