Overview
- Digital Realty raised its full-year adjusted FFO to $8.15–$8.20 and lifted revenue guidance after reporting record second-quarter Core FFO of $2.65 and $1.92 billion in revenue.
- The company is expanding capacity through a roughly $3.5 billion cash-and-stock move to increase its stake in three fully leased Northern Virginia data centers and a roughly $475 million purchase of 1,440 acres near Kansas City to add up to 2 gigawatts of power.
- Digital Realty’s signed-but-not-started backlog reached about $1.9 billion and added roughly $410 million from July hyperscale deals, and the firm raised capital with about $2.5 billion of share sales in the first half of 2026.
- Rexford reported a $506.9 million net loss in Q2 after taking $624.8 million in noncash impairments as it identified about $2 billion of noncore assets for disposition and said roughly $1 billion of sale proceeds will be used to repay 2027 maturities.
- Rexford kept core FFO positive at $141.4 million with roughly 95.7% occupancy and said it will use remaining proceeds for share repurchases and redeployment, a strategy that shifts Southern California industrial owners from buying to faster capital recycling.