Digital Realty Trust Misses on Q4 FFO

Digital Realty Trust (NYSE: DLR  ) has reported its fiscal Q4 and 2012. For the quarter, revenues were $350 million, and net income available to common shareholders was $45 million ($0.36 per diluted share). Both numbers were up from Q4 2011's $271 million and $36 million ($0.34 diluted EPS), respectively.

Funds from operations -- a critical metric for REITS such as DRT -- came in at $1.16 per share, bettering the $1.02 of the year-ago period. That $1.16 fell just short of the $1.17 average analyst expectation.

For the full year, revenues totaled $1.3 billion, and net income was $172 million ($1.48 diluted EPS), against 2011's $1.1 billion and $131 million ($1.32). FFO for 2012 was $4.44 per share, up from the previous year's $4.06.

Going forward, DRT proffered guidance for fiscal 2013. It expects diluted EPS of $1.37-$1.52, and FFO of $4.70-$4.85.


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