Maintaining Pricing Discipline, Strong Demand

SAN FRANCISCO—As GlobeSt.com reported in May, locally based Digital Realty Trust reported a 9% earnings jump over Q1 2013. The firm also executed leases totaling $47 million of annualized GAAP rental revenue, including a $12 million direct lease with a former sub-tenant.

In an update to that story, analyst RBC Capital Markets says that “Unlike some of its peers, DLR has shown consistent pricing discipline, as evidenced by rent trends at its major properties.” RBC’s property-level analysis of annualized cash rent per square foot at major turnkey sites in key markets shows generally stable to upward movement in turnkey rents across the company’s major US and international markets.