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Digital Realty Trust Earnings Release Highlights ■ Austin , TX - October 26 , 2021 - Digital Realty ( NYSE : DLR ) , the largest global provider of cloud- and carrier - neutral data center , colocation and interconnection solutions , announced today financial results for the third quarter of 2021. All per - share results are presented on a fully - diluted share and unit basis . ■ ■ DIGITAL REALTY ■ DIGITAL REALTY REPORTS THIRD QUARTER 2021 RESULTS Third Quarter 2021 Reported net income available to common stockholders of $ 0.44 per share in 3Q21 , compared to a net loss available to common stockholders of ( $ 0.14 ) in 3Q20 Reported FFO per share of $ 1.54 in 3Q21 , compared to $ 1.19 in 3Q20 Reported core FFO per share of $ 1.65 in 3Q21 , compared to $ 1.54 in 3Q20 Signed total bookings during 3Q21 expected to generate $ 113 million of annualized GAAP rental revenue , including a $ 12 million contribution from interconnection Raised core FFO per share outlook from $ 6.45- $ 6.50 to $ 6.50- $ 6.55 Financial Results Digital Realty reported revenues for the third quarter of 2021 of $ 1.1 billion , a 4 % increase from the previous quarter and an 11 % increase from the same quarter last year . The company delivered third quarter of 2021 net income of $ 137 million , and net income available to common stockholders of $ 124 million , or $ 0.44 per diluted share , compared to $ 0.45 per diluted share in the previous quarter and ( $ 0.14 ) per diluted share in the same quarter last year . Digital Realty generated third quarter of 2021 Adjusted EBITDA of $ 610 million , a 1 % increase from the previous quarter and a 7 % increase over the same quarter last year . The company reported third quarter of 2021 funds from operations of $ 447 million , or $ 1.54 per share , compared to $ 1.78 per share in the previous quarter and $ 1.19 per share in the same quarter last year . Excluding certain items that do not represent core expenses or revenue streams , Digital Realty delivered third quarter of 2021 core FFO per share of $ 1.65 , a 7 % increase from $ 1.54 per share in the previous quarter , and a 7 % increase from $ 1.54 per share in the same quarter last year . Leasing Activity In the third quarter , Digital Realty signed total bookings expected to generate $ 113 million of annualized GAAP rental revenue , including a $ 12 million contribution from interconnection . " Digital Realty's global platform , broad product spectrum , and significant scale underpinned our strong third quarter results , " said Digital Realty Chief Executive Officer A. William Stein . " Record new logo growth and continued strong bookings in the quarter reflect the global adoption of PlatformDIGITAL® , while our robust internal processes enabled us to execute consistently for our growing list of customers . " The weighted - average lag between new leases signed during the third quarter of 2021 and the contractual commencement date was seven months . In addition to new leases signed , Digital Realty also signed renewal leases representing $ 223 million of annualized GAAP rental revenue during the quarter . Rental rates on renewal leases signed during the third quarter of 2021 rolled down 5.6 % on a cash basis and down 3.3 % on a GAAP basis .