Digital Realty Trust ($DLR) reported its third-quarter earnings for 2024, revealing a revenue of $1.4 billion, which reflects a 2% year-over-year increase. The company posted a GAAP earnings per share (EPS) of $0.09 and a core funds from operations (FFO) of $1.67 per share. Digital Realty has raised its core FFO outlook for the full year to between $6.65 and $6.75 per share, up from a previous range of $6.60 to $6.75. The adjusted EBITDA guidance has also been increased to between $2.93 billion and $2.98 billion, compared to the earlier estimate of $2.80 billion to $2.90 billion. Despite these positive indicators, concerns were raised regarding the company's capital expenditures, which at $782 million exceeded its adjusted EBITDA of $758 million. Additionally, analysts noted that while the revenue growth is modest, the company reported a significant backlog in bookings, particularly in the AI sector, which accounted for about 50% of overall bookings. The stock saw a rise of approximately 9% in after-hours trading following the earnings release.