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DIGITAL REALTY TRUST (DLR)

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Earnings summaries and quarterly performance for DIGITAL REALTY TRUST.

Research analysts who have asked questions during DIGITAL REALTY TRUST earnings calls.

Eric Luebchow

Eric Luebchow

Wells Fargo

6 questions for DLR

Also covers: AMT, CCI, CUBE +10 more
FL

Frank Louthan

Raymond James

6 questions for DLR

Also covers: AKAM, ATUS, CABO +13 more
ME

Michael Elias

TD Cowen

6 questions for DLR

Also covers: DBRG, EQIX, GDS +3 more
MR

Michael Rollins

Citigroup

6 questions for DLR

Also covers: AMT, ATUS, CCI +17 more
RC

Richard Choe

JPMorgan Chase & Co.

6 questions for DLR

Also covers: AMT, CCI, DBRG +3 more
IL

Irvin Liu

Evercore ISI

5 questions for DLR

Also covers: HPQ, MSI, RXT
VM

Vikram Malhotra

Mizuho Financial Group, Inc.

5 questions for DLR

Also covers: ALX, ARE, BXP +17 more
David Guarino

David Guarino

Green Street

4 questions for DLR

Also covers: EQIX, SBAC
JA

Jonathan Atkin

RBC Capital Markets

4 questions for DLR

Also covers: AMT, CCI, DBRG +6 more
Jon Petersen

Jon Petersen

Jefferies

4 questions for DLR

Also covers: CORZ, CUBE, DOC +11 more
Ari Klein

Ari Klein

BMO Capital Markets

3 questions for DLR

Also covers: AMT, APLE, CCI +7 more
JS

James Schneider

Goldman Sachs

3 questions for DLR

Also covers: ACN, AMAT, AMKR +28 more
Matthew Niknam

Matthew Niknam

Deutsche Bank

3 questions for DLR

Also covers: AMT, ANET, CCI +9 more
MF

Michael Funk

Bank of America

3 questions for DLR

Also covers: ADSK, AMT, ASAN +24 more
Nicholas Del Deo

Nicholas Del Deo

MoffettNathanson

3 questions for DLR

Also covers: AMT, CCI, CCOI +4 more
Nick Del Deo

Nick Del Deo

MoffettNathanson LLC

3 questions for DLR

Also covers: AMT, CCI, CCOI +4 more
AK

Aryeh Klein

BMO Capital Markets

2 questions for DLR

Also covers: APLE, CLDT, EQIX +7 more
DB

David Barden

Bank of America

2 questions for DLR

Also covers: AMT, BCE, CCI +10 more
JH

John Hodulik

UBS Group AG

2 questions for DLR

Also covers: AMCX, CHTR, CMCSA +8 more
Timothy Horan

Timothy Horan

Oppenheimer & Co. Inc.

2 questions for DLR

Also covers: AI, ASTS, BKSY +19 more
Alexander Waters

Alexander Waters

Bank of America

1 question for DLR

Also covers: CCI, CCOI, DY
Brandon Nispel

Brandon Nispel

KeyBanc Capital Markets

1 question for DLR

Also covers: AMT, CABO, CCI +4 more
ER

Erik Rasmussen

Stifel

1 question for DLR

Also covers: LLAP, RKLB, SPIR
GD

Georgi Dinkov

Mizuho

1 question for DLR

Also covers: ARE, MPW, SBRA +2 more
JS

Jim Schneider

Goldman Sachs

1 question for DLR

Also covers: ACN, ADI, AMD +26 more
JL

Jyhhaw Liu

Evercore ISI

1 question for DLR

Also covers: HPQ, PHAT
SF

Simon Flannery

Morgan Stanley

1 question for DLR

Also covers: ABBN.SW, AMT, BCE +11 more

Recent press releases and 8-K filings for DLR.

Digital Realty reports Q4 2025 results
DLR
Earnings
Guidance Update
  • Digital Realty delivered $400 million in 4Q25 total bookings at 100% share and ended the quarter with a $1.4 billion backlog, highlighted by a record $96 million in 0–1 MW and interconnection bookings.
  • In FY 2025, the company achieved $1.2 billion in total bookings at 100% share, drove 4.5% Y/Y same-capital Cash NOI growth, and generated a record $7.39 Core FFO per share.
  • Maintained ~$7 billion of liquidity at the end of Q4 2025.
  • Provided 2026 guidance for $6.6–6.7 billion in total revenue, $3.6–3.7 billion in adjusted EBITDA, and Core FFO per share of $7.90–8.00.
1 day ago
Digital Realty Trust reports Q4 2025 results
DLR
Earnings
Guidance Update
Debt Issuance
  • 2025 full-year record performance: revenue, EBITDA, and Core FFO per share exceeded guidance; signed $1.2 billion of new leases, ~70% above the five-year average.
  • Q4 leasing and earnings: signed $400 million of annualized rent (100% share) / $175 million at DLR share; interconnection leasing set a new record at $96 million; Core FFO per share $1.86 (+8% YoY); full-year Core FFO $7.39 (+10% YoY).
  • Development activity: net Q4 development CapEx of $930 million; delivered 90 MW (75% pre-leased), started 135 MW; pipeline stands at $10 billion with an expected stabilized yield of 11.9%.
  • Balance sheet and financing: issued €1.4 billion of dual-tranche green Eurobonds (3.75% due 2033; 4.25% due 2037) and redeemed €1.075 billion; maintained leverage at 4.9×, liquidity near $7 billion, and $15 billion of private capital available.
  • 2026 guidance: Core FFO of $7.90–8.00 per share (+8% YoY); revenue and Adjusted EBITDA growth >10%; same-capital cash NOI +4–5%; renewal spreads 6–8%; power-based occupancy +50–100 bps; net CapEx $3.25–3.75 billion; dispositions of $500 million–1 billion.
1 day ago
Digital Realty Trust reports Q4 2025 results
DLR
Earnings
Guidance Update
New Projects/Investments
  • Digital Realty delivered Core FFO per share of $1.86 in Q4 and $7.39 for full-year 2025, up 10% year-over-year.
  • In Q4, the company signed leases representing $400 million of annualized rent at 100% share (Digital Realty share: $175 million), set a record $96 million in 0–1 MW interconnection leasing, and ended the year with a backlog of $1.4 billion.
  • By year-end, Digital Realty secured €3.225 billion of LP equity commitments to its inaugural closed-end hyperscale fund, maintained leverage at 4.9×, liquidity of ~$7 billion, and had a $10 billion development pipeline.
  • 2026 guidance calls for Core FFO per share of $7.90–$8.00 (+8% yoy at midpoint), revenue and Adjusted EBITDA growth >10%, same capital cash NOI growth 4–5%, and net CapEx of $3.25–$3.75 billion.
1 day ago
Digital Realty reports Q4 2025 results
DLR
Earnings
Guidance Update
Debt Issuance
  • Core FFO per share was $1.86 in Q4 and $7.39 for FY 2025, up 10% YoY; 2026 core FFO guidance is $7.90–$8.00 per share, implying ~8% growth.
  • Leasing momentum continued: signed $400 M of annualized rent at 100% share (or $175 M at DLR share); set a new quarterly interconnection record of $96 M in the 0–1 MW category; full-year 2025 bookings were $1.2 B at 100% share, leaving a record backlog of $1.4 B.
  • Development execution: delivered 90 MW of capacity in Q4 (75% pre-leased) and 289 MW in 2025; 769 MW under construction with a $10 B gross pipeline at an expected 11.9% stabilized yield.
  • Balance sheet strength: total leverage 4.9x; liquidity nearly $7 B; raised €1.4 B via green Eurobonds and redeemed €1.075 B of higher-cost debt; maintain $15 B of private capital dry powder.
1 day ago
Digital Realty reports Q4 2025 financial results
DLR
Earnings
Guidance Update
  • Digital Realty generated $1.635 B in Q4 2025 revenues (up 14% Y/Y) and net income of $96 M (diluted EPS of $0.24).
  • FFO per diluted share was $1.89 and Core FFO per diluted share was $1.86 in Q4, underpinning a FY 2025 record CFFO of $7.39 per share.
  • Q4 signed bookings reached $1.2 B at 100% share, building a $1.4 B backlog at 100% share; same-capital Cash NOI grew 4.5% Y/Y and liquidity stood at ~$7 B at year-end.
  • The company issued 2026 Core FFO per share guidance of $7.90–$8.00 on a reported and constant-currency basis.
1 day ago
Digital Realty reports 4Q25 results
DLR
Earnings
Guidance Update
  • Digital Realty reported 4Q25 revenue of $1.6 billion, up 4% quarter-over-quarter and 14% year-over-year.
  • Net income available to common stockholders was $88 million ($0.24 per share), down from $0.51 per share in 4Q24.
  • Funds From Operations per share were $1.89 and Core FFO per share was $1.86 (Constant-Currency Core FFO per share of $1.81), versus $1.61 and $1.73 in 4Q24.
  • Signed total bookings expected to generate $400 million of annualized GAAP rental revenue at 100% share (DLR share $175 million) and ended the year with an $817 million backlog of annualized GAAP base rent.
  • Introduced 2026 Core FFO per share outlook of $7.90–$8.00 on both a reported and Constant-Currency basis.
1 day ago
Digital Realty to Acquire Malaysian Data Center to Bolster Southeast Asia Digital Backbone
DLR
M&A
New Projects/Investments
  • Digital Realty has agreed to acquire the 1.5 MW TelcoHub 1 data center in Cyberjaya, Malaysia, plus adjacent land for up to 14 MW future IT load, with closing expected in H1 2026 subject to customary conditions.
  • TelcoHub 1 offers over 6,000 route km of fiber cores and hosts 40 network service providers, making it one of Malaysia’s densest dark-fiber interconnection hubs with access to AWS, Google, MY IX and DE-CIX ASEAN.
  • The site will join Digital Realty’s global PlatformDIGITAL® and be enabled by ServiceFabric®, strengthening the company’s digital and AI workload capabilities across Southeast Asia.
  • CSF Advisers forecasts Malaysia data center capacity growing from 1.26 GW in 2025 to 2.53 GW by 2030, underscoring accelerating demand for cloud, AI and connectivity infrastructure.
Jan 21, 2026, 5:00 PM
Digital Realty enters Malaysian data center market
DLR
M&A
New Projects/Investments
  • Digital Realty agreed to acquire TelcoHub 1 in Cyberjaya, Malaysia—an operational 1.5 megawatt data center with over 6,000 fiber cores and 40+ network service providers—with closing targeted in H1 2026.
  • The deal includes adjacent land capable of supporting up to 14 megawatts of additional IT load for future expansion.
  • The Malaysia campus will join PlatformDIGITAL® and roll out ServiceFabric® to offer customers global connectivity and infrastructure orchestration.
  • More than 40 CSF Advisers professionals, led by CEO Billy Lee, will integrate into Digital Realty’s local team, underscoring its long-term investment in Malaysia’s digital infrastructure.
Jan 19, 2026, 5:00 PM
Digital Realty Trust featured in SEA data center portfolio report
DLR
New Projects/Investments
  • Southeast Asia hosts 290 existing and 135 upcoming colocation data centers, with Singapore dominating the existing market at >780 MW IT power capacity, supported by operators including Digital Realty.
  • Malaysia, Thailand, Indonesia and the Philippines are set to account for 85%+ of planned capacity, with Malaysia alone contributing ~4.8 GW as the emerging hyperscale hub.
  • Upcoming data center capacity in the region is nearly the current operational capacity.
  • The database offers detailed analyses of facility metrics—white-floor space, IT load, rack capacity, investment breakdowns and colocation pricing.
Jan 6, 2026, 4:33 PM
Digital Realty Trust featured in Switzerland data center portfolio analysis
DLR
  • The report identifies Zurich as the dominant Swiss hub, with an existing IT load capacity of around 280+ MW and an upcoming pipeline adding nearly 900 MW by 2029.
  • Upcoming developments will deliver over 4.4 million sq ft of new white-floor area, more than doubling Switzerland’s current operational footprint.
  • The database offers detailed analysis of 75 existing and 6 upcoming colocation facilities, covering capacity, pricing, investment, and technical standards.
  • Digital Realty is named among the four major operators—alongside STACK Infrastructure, Green Datacenter, and Vantage Data Centers—shaping the Swiss market.
Jan 6, 2026, 1:03 PM