Digital Realty Seen as Well-Positioned With Record Data Center Backlog
Digital Realty is viewed as well-positioned for AI, cloud and enterprise demand, supported by a record $1.9 billion backlog (100% share) and diversified tenants across its global platform. Analysts raised its 2026 AFFO per share estimate to $8.40. The company is ramping a large development pipeline, targeting 2026 net capex of $4.25–$4.75 billion and stabilized yields above 10%.