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Companies $DLR
$179.01 +$4.48 (2.57%) Close
Digital Realty Trust, Inc. logo

Digital Realty Trust, Inc.

digitalrealty.com

What Do They Do?

Provides data center space and connections for cloud and IT service providers, communications companies and enterprises to house infrastructure and link with customers and partners.

How Do They Make Money?

Customers mainly pay rent for data center space over lease terms. The company also bills monthly for interconnection services; cross-connect installation work generates revenue when installed.

revenue
SegmentShareRevenue
Rental and other services
Recurring

98%
FY2022: 99%
Fee income and other
2.4%
FY2022: 0.6%

Who Are Their Customers?

Cloud and IT companies, content and financial firms, and network and communications providers are key customer groups; a specialized sales team markets data centers to them and enterprise customers across industries.

Do Revenues Turn Into Profits?

Yes. It kept 21 cents of every revenue dollar as net income in FY2025.

Operating income, FY2025
11% of revenue
▲ +40% vs FY2024 ($471.9M, 8%)
Net income, FY2025
21% of revenue
▲ +117% vs FY2024 ($602.5M, 11%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +29%
vs $1.5B in Q2 FY2025
Net income
▼ −56%
vs $1B in Q2 FY2025
Rental and other services share of revenue vs 97.6% in Q2 FY2025
  • Aug 19, 2026 Acquired Columbia Capital The company registered shares issued as consideration in the acquisition.
  • Jul 23, 2026 Raised its per-share funds-from-operations outlook The company raised its 2026 Core FFO per-share outlook to $8.15 - $8.20.
  • Jul 1, 2026 Completed acquisition of Blackstone interests in two joint ventures Digital Realty completed its purchase of Blackstone’s interests in the Digital Carver Dulles 9 and Digital Carver Brickyard joint ventures.
  • Jun 22, 2026 Agreed to increase its ownership of Teraco The planned purchase of a 16% stake would raise Digital Realty’s ownership to 77%.

Growing. Revenue grew 38% in 4 years, from $4.4B in FY2021 to $6.1B in FY2025, about 8% a year.

Revenue over time
Rental and other services Fee income and other
$10B$5B$0

Who Do They Compete With?

Competes with Equinix, NTT, and Global Switch Holdings

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