Digital Realty: Priced for Excellence, Built of Mediocrity

Digital Realty (DLR) DLR 0.00%↑ reported their Q2 2024 results. Once again, they would like to make their results look good.

Unfortunately, there was nothing particularly impressive about the results.

They were not bad, but they were not good. They were simply average.

Average shouldn’t be good enough when DLR trades at one the highest AFFO multiples among all REITs…