Earnings release
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DIGITAL REALTY NEWS RELEASE Digital Realty Reports First Quarter 2021 Results 4/29/2021 AUSTIN , Texas , April 29 , 2021 / PRNewswire / -- Digital Realty ( NYSE : DLR ) , a leading global provider of cloud- and carrier - neutral data center , colocation and interconnection solutions , announced today financial results for the first quarter of 2021. All per - share results are presented on a fully - diluted share and unit basis . Highlights • Reported net income available to common stockholders of $ 1.32 per share in 1Q21 , compared to net income available to common stockholders of $ 0.90 in 1Q20 • Reported FFO per share of $ 1.49 in 1Q21 , compared to $ 0.91 in 1Q20 • Reported core FFO per share of $ 1.67 in 1Q21 , compared to $ 1.53 in 1Q20 Signed total bookings during 1Q21 expected to generate $ 117 million of annualized GAAP rental revenue , including a $ 13 million contribution from interconnection • Raised core FFO per share outlook from $ 6.40- $ 6.50 to $ 6.50- $ 6.55 Financial Results Digital Realty reported revenues for the first quarter of 2021 of $ 1.1 billion , a 3 % increase from the previous quarter and a 32 % increase from the same quarter last year . The company delivered first quarter of 2021 net income of $ 395 million , and net income available to common stockholders of $ 372 million , or $ 1.32 per diluted share , compared to $ 0.16 per diluted share in the previous quarter and $ 0.90 per diluted share in the same quarter last year . Digital Realty generated first quarter of 2021 Adjusted EBITDA of $ 615 million , a 6 % increase from the previous quarter and a 28 % increase over the same quarter last year . The company reported first quarter of 2021 funds from operations of $ 432 million , or $ 1.49 per share , compared to $ 1.45 per share in the previous quarter and $ 0.91 per share in the same quarter last year . Excluding certain items that do not represent core expenses or revenue streams , Digital Realty delivered first quarter of 2021 core FFO per share of $ 1.67 , a 3 % increase from $ 1.61 per share in the previous quarter , and a 9 % increase from $ 1.53 per share in the same quarter last year . 1