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Digital Realty (DLR) Rises 9% Year to Date: Will the Trend Last?
DLRDigital Realty Trust(DLR) ZACKS·2024-06-22 02:15

Shares of Digital Realty (DLR) , currently carrying a Zacks Rank #3 (Hold), have soared 9% in the year-todate period against the industry's decline of 8%. Let us decipher the factors behind the surge in the stock price. Its tenant roster includes several behemoths and investment grade, and numerous customers use multiple locations across the portfolio. This assures stable revenue generation for the company. For 2024, management expects total revenues to grow 2% and adjusted EBITDA to grow 4% at the midpoint ...