Summary
Digital Realty Trust, Inc. (DLR) reported strong performance for the fiscal year ending December 31, 2025. Total operating revenues increased by 10.0% year-over-year to $6.11 billion, driven by robust growth in both stabilized and non-stabilized rental and other services revenue. The company successfully expanded its global data center footprint and continued its development pipeline, with 64% of underway data center activity pre-leased as of December 31, 2025. DLR also demonstrated effective capital management, raising significant capital through debt and equity issuances while maintaining a conservative capital structure. The company's focus on PlatformDIGITAL®, its global data center platform, continues to resonate with customers, attracting a diversified base of over 5,000 clients across various industry verticals. Digital Realty's commitment to sustainability is also evident, with a significant portion of its portfolio powered by renewable energy and adherence to energy-efficient building standards. Despite ongoing market dynamics and potential risks such as inflation and supply chain disruptions, Digital Realty appears well-positioned for continued growth in the expanding digital economy.
Financial Highlights
37 data points| Revenue | $6.11B |
| Operating Expenses | $5.45B |
| Operating Income | $658.49M |
| Interest Expense | $437.95M |
| Net Income | $1.31B |
| EPS (Basic) | $3.73 |
| EPS (Diluted) | $3.58 |
| Shares Outstanding (Basic) | 339.81M |
| Shares Outstanding (Diluted) | 347.81M |
Key Highlights
- 1Total operating revenues increased by 10.0% to $6.11 billion in 2025.
- 2Secured significant capital through various debt and equity issuances, including €850 million in notes due 2035 and €850 million in notes due 2034.
- 3Expanded global portfolio to 310 data centers across six continents, with an overall occupancy rate of 84.7% (excluding space under development).
- 4Launched the Digital Realty DC Partners NA Fund, successfully raising over $3 billion in equity commitments.
- 5Continued focus on sustainability, with 73% of energy consumption from renewable sources and 39 data centers achieving ENERGY STAR recognition.
- 6The company's top 20 customers accounted for approximately 50.9% of total annualized recurring revenue as of December 31, 2025, indicating a strong but concentrated customer base.
- 7Demonstrated effective capital deployment with $3.25 billion to $3.75 billion in expected capital expenditures for 2026.