Inferra AI / Company / DLR

Digital Realty

DLR · Real Estate

Last earnings Oct 29, 2026

Important announcements

Key results

Revenuequarter

$1.49 billion

revenues of $1.49 billion in the second quarter of 2025, a 6% increase from the previous quarter and a 10% increase from the same quarter last year.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Net incomequarter

$1.05 billion

The company delivered net income of $1.05 billion in the second quarter of 2025, as well as net income available to common stockholders of $1.02 billion and $2.94 per share, compared to $0.27 per share in the previous quarter and $0.20 per share in the same quarter last year.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

In addition to new leases signed, Digital Realty also signed renewal leases representing $177 million of annualized cash rental revenue during the quarter.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Net Income per share for 2Q25 is $2.94.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Data Center revenuequarter

11%

Strengthen Our Customer Value Proposition 1 2 3 Innovate & Integrate for Our Customers Diversify and Bolster Capital Sources 11% Y/Y Growth in Data Center Revenue U.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Worse Total revenuequarter

$5,800

13, 2025 As of April 24, 2025 As of July 24, 2025 Better/Worse Total Revenue $5,800 – $5,900 $5,825 - $5,925 $5,925 - $6,025 Adjusted EBITDA $3,100 – $3,200 $3,125 - $3,225 $3,200 - $3,300 Rental Rates on Renewal Leases (Cash) 4.0% – 6.0% 4.0% - 6.0% 5.0% - 6.0% Year-End Portfolio Occupancy +100 – 200 bps +100 – 200 bps +100 – 200 bps Same-Capital Cash NOI Growth 3.5% – 4.5% 3.5% – 4.5% 3.5% – 4.5% Core FFO per Share $7.00 – $7.10 $7.05 – 7.15 $7.15 – 7.25 Constant Currency Core FFO per Share $7.05 – $7.15 $7.05 – 7.15 $7.10 – 7.20 Note: Dollars in millions except Core FFO per Share.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

AI analysis

Q2 2025 · reported Jul 24, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q2 2025
$1.49B
EX-99 · Jul 24, 2025
Net income · Q2 2025
$1.05B
EX-99 · Jul 24, 2025
Worse Total revenue · Q2 2025
$5,800M
EX-99 · Jul 24, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Revenue$1.49 billion——
Net income$1.05 billion——
Data Center revenue11%——
Worse Total revenue$5,800M——

EX-99 · Jul 24, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

(2) EBITDA is calculated as earnings before interest expense, loss on debt extinguishment and modifications, tax expense, and depreciation and amortization.

(3) Adjusted EBITDA is EBITDA excluding (i) unconsolidated entities real estate related depreciation & amortization, (ii) unconsolidated entities interest and tax expense, (iii) severance, equity acceleration and legal expenses, (iv) transaction and integration expenses, (v) gain (loss) on sale / deconsolidation, (vi) provision for impairment, (vii) other non-core adjustments, net, (viii) noncontrolling interests, (ix) preferred stock dividends, and (x) gain on / issuance costs associated with redeemed preferred stock.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Digital Realty Q2 2025 — revenues of $1.49 billion in the second quarter of 2025, a 6% increase from the previous quarter and a 10% increase from the same quarter last year.

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

(2) EBITDA is calculated as earnings before interest expense, loss on debt extinguishment and modifications, tax expense, and depreciation and amortization.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

(3) Adjusted EBITDA is EBITDA excluding (i) unconsolidated entities real estate related depreciation & amortization, (ii) unconsolidated entities interest and tax expense, (iii) severance, equity acceleration and legal expenses, (iv) transaction and integration expenses, (v) gain (loss) on sale / deconsolidation, (vi) provision for impairment, (vii) other non-core adjustments, net, (viii) noncontrolling interests, (ix) preferred stock dividends, and (x) gain on / issuance costs associated with redeemed preferred stock.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

(4) Net Debt to Adjusted EBITDA is calculated as total debt at balance sheet carrying value (see page 5 ), plus capital lease obligations, plus our share of unconsolidated entities debt at carrying value, less cash and cash equivalents (including our share of unconsolidated entities cash), divided by the product of Adjusted EBITDA (including our share of unconsolidated entities EBITDA), multiplied by four.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

(5) Fixed charges consist of GAAP interest expense, capitalized interest, scheduled debt principal payments and preferred stock dividends.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

(10) Diluted FFO payout ratio is dividends declared per common share and unit divided by diluted FFO per share and unit.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

(11) Diluted Core FFO payout ratio is dividends declared per common share and unit divided by diluted Core FFO per share and unit.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Strategy & priorities

The company is focused on providing data center, colocation, and interconnection solutions for domestic and international customers across a variety of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Record bookings in our 0 1 megawatt plus interconnection product set underscore the strength of our full spectrum strategy and the breadth of the growing demand for digital infrastructure, said Digital Realty President and Chief Executive Officer Andy Power.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Lastly, Digital Realty acquired several land parcels as part of an assemblage in the Chicago metro area supporting the continued expansion of its Franklin Park campus for approximately $6 million.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

(4) Other non-recurring CapEx represents costs incurred to enhance the capacity or marketability of operating properties, such as network fiber initiatives and software development costs.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

2Q25 FINANCIAL RESULTS July 24, 2025 The meeting place for companies, technologies and data 5,000+ Customers 229,000+ Cross Connects 50+ Metros 300+ Data Centers Capacity Host What You Need, How You Need Coverage Deploy Where You Need Connectivity Connect How You Need to Whom You Need Control Implement and Operate the Way You Need 2Q25 Financial Results 2 Executing on Key Strategic Priorities Positioned for Long-Term Sustainable Growth Note: As of June 30, 2025.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Risks & headwinds

PlatformDIGITAL , the company s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx ) solution methodology for powering innovation, from cloud and digital transformation to emerging technologies like artificial intelligence (AI), and efficiently managing Data Gravity challenges.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

2Q25 Financial Results 17 Appendix Forward-Looking Statements This information in this presentation contains forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Such statements are subject to risks, uncertainties and assumptions and are not guarantees of future performance and may be affected by known and unknown risks, trends, uncertainties and factors that are beyond our control.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

federal income tax purposes; restrictions on our ability to engage in certain business activities; and changes in local, state, federal and international laws and regulations, including related to taxation, real estate and zoning laws and increases in real property tax rates; the impact of any financial, accounting, legal or regulatory issues or litigation that may affect us.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

The risks included here are not exhaustive, and additional factors could adversely affect our business and financial performance.

SEC original ↗Digital Realty — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Documents

Earnings deck slides

0 decks with slide view

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Digital Realty — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Named in the company’s own filings

Filings

66 documents

Earnings releases

7 documents

Presentations

21 documents

Transcripts

0 documents

No transcripts for Digital Realty are held in this edition of the library.

Mentioned by

8 companies

Other tracked companies whose held documents mention Digital Realty by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.