Third quarter financial results from Digital Realty Trust saw operating revenue of $142 million, up 14.7% from $123.8 million in the second quarter of 2008 and up 35.5% from $104.8 million from the same period last year.
Net income for the three months ended September 30 was $18.2 million compared with second quarter income of $13.8 million and 2007 third quarter income of $5.1 million

"We experienced a record volume of leases signed during the quarter for our Turn-Key Datacenter and Powered Base Building products, including Fortune 1000 corporate users, large Internet enterprises and international system integrators seeking high quality, timely, and cost effective solutions for their immediate datacenter requirements," commented Michael F. Foust, Chief Executive Officer of Digital Realty Trust.
Funds from operations ("FFO") was $62.6 million in the third quarter of 2008, or $0.69 on a diluted per share and unit basis, up 16.9% from $0.59 per diluted share and unit in the previous quarter; and up 35.3% from $0.51 per diluted share and unit in the third quarter of 2007.
"The FFO of $0.69 per diluted share and unit includes approximately $0.06 of additional FFO from certain significant non-recurring items, primarily lease termination fees," added A. William Stein, Chief Financial Officer and Chief Investment Officer of Digital Realty Trust. "When adjusting for these items, the quarter over quarter increase to $0.63 per diluted share and unit in the third quarter of 2008 would have been 6.8% and the increase over the same period last year would have been 23.5%.