Digital Realty guides for profit in 2018

Digital Realty has provided its initial outlook for this year, saying it expects core FFO per share at USD 6.45-6.60, up 8 percent from the midpoint of last year’s 6.00-6.10 figure. Cash flow will be on par with earnings growth this year and beyond. 

CEO William Stein said growth will be driven by the strength of the company’s global platform, supported by strong secular demand drivers. Revenues are expected for the year at USD 3.0-3.2 billion, with the adjusted EBITDA margin at 58-60 percent. The net profit per diluted share is seen at USD 1.50-1.55, recovering from losses in the last quarter.