| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 23, 2026 | 6/12 | 2 high, 4 medium, 2 low flags | 4 | 0 | Call sheet → |
| Q1'26 | April 23, 2026 | 9/12 | 2 medium, 5 low flags | 3 | 0 | Call sheet → |
| Q4'25 | February 5, 2026 | 9/12 | 3 medium, 3 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | Deploy $10-12B of private capital over 1-2 years Early innings but fee income ramping as expected |
| Q2'26 | Exceeded | 9% core FFO growth for 2026 Raised to 10% at midpoint with new guidance |
| Q2'26 | Pending | Charlotte 200MW project delivering in phases starting next year into 2028 On track per development pipeline disclosure |
| Q2'26 | Delivered | Accelerating same-store growth over next three quarters Jumped from 2.5% to 7.2% constant currency |
| Q2'26 | Delivered | Maintain leverage below 5.5x threshold At 4.7x despite massive investment activity |
| Q2'26 | Delivered | Double 0-1MW bookings from $50M to $100M quarterly over time Hit $108M this quarter, achieving the target they set 2 years ago |
| Q1'26 | Exceeded | Cash renewal spreads of 6-8% Raised guidance to 6.5-8.5% based on better renewal prospects |
| Q1'26 | Delivered | Development yields remaining in double digits 11.4% average yield maintained despite 65% pipeline increase |
| Q1'26 | Pending | $500M-1B dispositions and JV capital for 2026 Reiterated guidance, no progress reported in Q1 |
| Q1'26 | Pending | Power-based occupancy improvement of 50-100 bps Slight improvement but still sub-90% despite record bookings |
| Q1'26 | Pending | Same-capital cash NOI growth of 4-5% constant currency Q1 came in at 2.5%, below trajectory needed for full-year guide |
| Q1'26 | Exceeded | Core FFO guidance of $7.90-8.00 per share for 2026 Beat Q1 expectations, raised guidance to $8.10 midpoint |
| Q4'25 | Exceeded | Look to further support perpetual capitalization via private capital strategy Closed $3.225B fund, contributed additional assets, exceeded initial targets |
| Q4'25 | Delivered | Fourth quarter core FFO tempered by seasonal R&M expenses Q4 FFO declined to $1.86 from $1.89 Q3 despite beating guidance, seasonality played out |
| Q4'25 | Delivered | Continue to see strong momentum in colocation and connectivity products Zero-to-one megawatt hit $340M annually, interconnection bookings near-record |
| Q4'25 | Delivered | Expected to begin 2026 with significant momentum and sizable backlog Record backlog achieved, 8% FFO guidance growth confirms momentum |
| Q4'25 | Exceeded | Strong visibility and predictability for next several quarters from backlog Backlog grew to record $1.4B, exceeded expectations with robust 2026 visibility |
| Q4'25 | Pending | Continue to expect 5 gigawatts significantly weighted toward AI workloads over next several years Still the same language, AI bookings up to 50%+ of quarterly activity but no specific gigawatt allocation disclosed |
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