Digital Realty Trust, Inc. (NYSE:DLR) stock fell 1.53% (As on Feb 18, 11:47:42 AM UTC-4, Source: Google Finance) after the company posted mixed results for the fourth quarter of FY 21. The company delivered fourth quarter of 2021 net income of $1.1 billion.  Digital Realty generated fourth quarter of 2021 Adjusted EBITDA of $584 million, a 4% decrease from the previous quarter and a 1% increase over the same quarter last year. The company reported fourth quarter of 2021 funds from operations of $449 million. Digital Realty delivered fourth quarter of 2021 core FFO per share of $1.67, a 1% increase from $1.65 per share in the previous quarter and a 4% increase from $1.61 per share in the same quarter last year. In the fourth quarter, Digital Realty signed total bookings expected to generate $156 million of annualized GAAP rental revenue, including an $11 million contribution from interconnection. In addition to new leases signed, Digital Realty also signed renewal leases representing $151 million of annualized GAAP rental revenue during the quarter.  Rental rates on renewal leases signed during the fourth quarter of 2021 rolled down 3.9% on a cash basis and down 2.6% on a GAAP basis.

DLR in the fourth quarter of FY 21 has reported the adjusted funds from operations per share of $1.67, missing the analysts’ estimates for the adjusted earnings per share of $1.68, according to Zacks Investment Research. The company had reported the adjusted revenue growth of 5 percent to $1.11 billion in the fourth quarter of FY 21, beating the analysts’ estimates for revenue of $1.1 billion.

Digital Realty Trust expects full-year funds from operations to be in the range of $6.80 to $6.90 per share, with revenue expected to be in the range of $4.7 billion to $4.8 billion.

Meanwhile, during the fourth quarter, Digital Realty announced the successful listing of Digital Core REIT as a standalone publicly traded vehicle listed on the Singapore Stock Exchange.  The transaction generated net proceeds of approximately $960 million, and Digital Realty recognized a gain of approximately $1 billion in the fourth quarter of 2021.  Subsequent to quarter-end, Digital Realty announced it has entered into a definitive agreement to acquire roughly a 55% stake in Teraco, Africa’s leading carrier-neutral colocation provider. Digital Realty had approximately $13.4 billion of total debt outstanding as of December 31, 2021.