You might also like
Digital Realty Trust, Inc. is a leading global provider of data center, colocation, and interconnection solutions, serving a diverse range of industry verticals including cloud and information technology services, social networking, communications, financial services, manufacturing, energy, healthcare, and consumer products . Operating as a Real Estate Investment Trust (REIT) for U.S. federal income tax purposes, the company conducts its business through Digital Realty Trust, L.P., which owns, acquires, develops, and operates data centers . As of December 31, 2023, Digital Realty's portfolio consisted of 309 data centers across the United States, Europe, Latin America, Africa, Asia, Australia, and Canada .
- Data Centers - Owns, acquires, develops, and operates strategically located properties with infrastructure such as redundant electrical supply systems, multiple power feeds, and high-level security systems to support data center and technology industry customers.
- Colocation Solutions - Provides space, power, and cooling for customers' IT equipment, enabling them to scale their operations efficiently.
- Interconnection Solutions - Offers connectivity services that facilitate the exchange of data between different networks and cloud service providers, enhancing operational efficiency and performance.
-
Given that about 50% of your total bookings this quarter were driven by AI-related demand, how confident are you in the sustainability of this growth, and what steps are you taking to prepare for potential fluctuations in AI-driven demand?
-
With the increased power densities required for AI workloads leading to higher build costs, how are these higher costs impacting your development yields, and what measures are you implementing to maintain or improve these yields in the face of rising construction expenses?
-
Considering the significant acceleration in your development pipeline, increasing capacity under construction by almost 50% to 644 megawatts, how are you managing the funding needs for these developments while maintaining your leverage targets, especially in the current interest rate environment?
-
Despite the strong bookings and record $66 million in 0-1 megawatt interconnection business, how are you addressing potential pricing pressures and renewal fatigue among enterprise customers to ensure this momentum continues and maintain margins in this competitive segment?
-
You've emphasized focusing on core markets with robust and diverse demand while avoiding markets with less long-term visibility; can you elaborate on how this strategy impacts your growth prospects, and how you balance the risks and opportunities when expanding into new markets?
Customer | Relationship | Segment | Details |
---|---|---|---|
Fortune 50 Software Company | Data center hosting and colocation | All | $418.935 million (10.9%Of total ARR) |
Social Content Platform | Data center hosting and colocation | All | $212.198 million (5.5%Of total ARR) |
Oracle Corporation | Data center hosting and colocation | All | $164.487 million (4.3%Of total ARR) |
Global Cloud Provider | Data center hosting and colocation | All | $156.892 million (4.1%Of total ARR) |
IBM | Data center hosting and colocation | All | $129.569 million (3.4%Of total ARR) |
Equinix | Data center hosting and colocation | All | $93.346 million (2.4%Of total ARR) |
LinkedIn Corporation | Data center hosting and colocation | All | $81.438 million (2.1%Of total ARR) |
Fortune 25 Investment Grade-Rated Co. | Data center hosting and colocation | All | $76.737 million (2.0%Of total ARR) |
Fortune 25 Tech Company | Data center hosting and colocation | All | $69.304 million (1.8%Of total ARR) |
Social Media Platform | Data center hosting and colocation | All | $62.117 million (1.6%Of total ARR) |
Fortune 500 SaaS Provider | Data center hosting and colocation | All | $61.889 million (1.6%Of total ARR) |
Meta Platforms, Inc. | Data center hosting and colocation | All | $60.873 million (1.6%Of total ARR) |
Lumen Technologies, Inc. | Data center hosting and colocation | All | $49.804 million (1.3%Of total ARR) |
Cyxtera | Data center hosting and colocation | All | $49.361 million (1.3%Of total ARR) |
AT&T | Data center hosting and colocation | All | $42.096 million (1.1%Of total ARR) |
Comcast Corporation | Data center hosting and colocation | All | $40.436 million (1.1%Of total ARR) |
JPMorgan Chase & Co. | Data center hosting and colocation | All | $39.629 million (1.0%Of total ARR) |
Rackspace | Data center hosting and colocation | All | $38.061 million (1.0%Of total ARR) |
Verizon | Data center hosting and colocation | All | $34.103 million (0.9%Of total ARR) |
Zayo | Data center hosting and colocation | All | $33.781 million (0.9%Of total ARR) |