Digital Realty Trust Q3 FFO Down - Quick Facts

(RTTNews) - Digital Realty Trust Inc. (DLR) Tuesday said third-quarter funds from operations, or FFO, dropped to $151.4 million or $1.10 per share, from $163.72 million or $1.13 per share in the same period last year.

Core FFO for the quarter was $160.57 million or $1.16 per share. On average, 19 analysts polled by Thomson Reuters expected the company to report FFO of $1.20 per share for the quarter. Analysts' estimates typically exclude special items.

Third-quarter profit increased to $153.48 million or $1.06 per share from $56.92 million or $0.37 per share last year.

Operating revenues increased to $379.46 million from $342.48 million last year. Analysts expected revenues of $375.56 million.

Looking ahead to the fiscal 2013, the company has lowered its FFO guidance to a range of $4.60 to $4.62 per share from its previous guidance range of $4.73 to $4.82 per share.

Core FFO is projected in a range of $4.65 to $4.67 per share, down from the prior range of $4.74 to $4.83 per share. Analysts currently expect full-year FFO of $4.79 per share.