Digital Realty (DLR) announced its 2Q earnings call will be held Friday, July 23rd at 1pm EDT. During its 1st quarter call, the company raised annual Funds from Operations guidance 8 cents, from 3.26 to 3.38 a share. Average rents on leases signed during the 1st quarter were $141.
DLR's 1st quarter revenue of $191 million was a 28% year-over-year increase over Q1 2009, and put it at over half of the level of leading office REIT Boston Properties (BXP), which was flat over the same period. So in a few years, the largest public REIT could very well be a data center provider.