Revenue segments as reported by the company.

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Tenant reimbursements - Utilities

Tenant reimbursements - Other

Interconnection & other

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Rental property operating

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Digital Realty Trust

Digital Realty Trust, Inc. operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming. The company was founded on March 9, 2004, and is headquartered in Austin, TX.

Earnings data Q1 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Digital Realty Trust (DLR) posts record Q4 results and eyes sustainable growth in 2023

Digital Realty Trust (DLR) delivered strong financial results in Q4 2022, with a positive outlook for 2023. The company is focusing on strengthening its customer value proposition, expanding global growth, and optimizing development pipeline yields. DLR's commitment to sustainability and capital efficiency underscores its strategic priorities.

Digital Realty Trust (DLR) reports robust Q1 performance and strategic growth plans

Digital Realty Trust (DLR) showcased strong leasing performance, positive re-leasing spreads, and growth in core FFO. The company is focused on becoming more balance sheet efficient through capital recycling and joint venturing on strategic projects. Opportunities lie in expanding development projects and meeting evolving customer needs.

Digital Realty Trust (DLR) reports strong Q2 performance and growth opportunities

Digital Realty Trust (DLR) showcased strong performance, strategic strengths, and growth opportunities in Q2 2023 earnings call.
While facing challenges in evolving markets and operational complexities, the company is well-positioned for continued success and innovation.
With a focus on maximizing ROI, reducing leverage, and leveraging partnerships, DLR aims for sustained growth and shareholder value creation.
The quarter's financial results, regional progress, and future guidance highlight a positive outlook for Digital Realty Trust (DLR).

Digital Realty reports record leasing and revenue growth in Q3

Digital Realty's Q3 2023 Earnings Call showcased strong leasing performance, improved cash NOI growth, and strategic initiatives to enhance customer value. Despite some challenges in core FFO and revenue guidance adjustments, the company remains optimistic about future growth opportunities through development joint ventures and targeted project funding.

Digital Realty Trust excels in Q4 2023, eyes sustainable growth

Digital Realty Trust's Q4 2023 performance showcased strong demand, record pricing, and capital raising, positioning the company for sustainable growth.
Despite challenges in renewal spreads and customer clauses, opportunities lie in normalized revenue and EBITDA growth, AI deployments, and market expansion strategies.
The company's strengths in AI advancements, connectivity solutions, and robust enterprise sales cycle underscore its resilience and strategic positioning in the market.

Digital Realty achieves record leasing volume and strengthens ESG initiatives

Digital Realty's Q1 2024 performance showcased record leasing volume, strong financials, and progress on strategic initiatives, positioning the company for sustained growth.
While facing challenges like margin pressure and leverage reduction, the company's focus on innovation, sustainability, and customer-centric growth presents significant opportunities.
By capitalizing on emerging demand drivers and global market potential, Digital Realty aims to navigate industry dynamics and drive value for stakeholders.
Continued optimism for AI, cloud, and enterprise digital transformation underscores the company's commitment to innovation and expansion in a competitive market landscape.

Digital Realty Trust reports robust Q2 performance and sustainability focus

Digital Realty Trust's Q2 2024 performance showcased strong demand, operational momentum, and financial resilience, positioning the company for future growth opportunities.
Despite challenges related to environmental impact, the company's focus on sustainability and ESG progress enhances its reputation and aligns with evolving market trends.
With confidence in accelerating growth and a commitment to sustainability, Digital Realty remains well-equipped to navigate industry dynamics and drive shareholder value.

Digital Realty achieves record leasing volume and strengthens market position

Digital Realty's Q3 performance reflects robust leasing activity, improved pricing, and a growing development pipeline, positioning the company for continued growth.
Despite challenges in meeting hyperscalers' sustainability demands and operational scalability, the company's strengths in ESG initiatives and market positioning provide a competitive edge.
Opportunities lie in capturing the growing demand for sustainable data solutions, expanding market presence, and leveraging strong financial performance to drive future growth.

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The infrastructure supporting data holds significant importance in our digital landscape. Among the key players in this domain are data center real estate investment trusts (REITs), entities specializing in owning and managing income-generating data center properties.

Data center dominance: The tech REIT behind the cloud boom

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The collaboration marks a significant milestone in the expansion strategy of Digital Realty (DLR) and Mitsubishi Corporation, aiming to capitalize on the ever-growing demand for data infrastructure.

What Does the JV With Mitsubishi Mean for Digital Realty (DLR)?

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Digital Realty Trust, Inc. (NYSE:DLR ) Citi's 2024 Global Property CEO Conference March 4, 2024 9:35 AM ET Company Participants Andy Power - President & CEO Matt Mercier - CFO Jordan Sadler - Head, Public & Private Capital Relations Conference Call Participants Nick Joseph - Citi Mike Rollins - Citi Nick Joseph Welcome to Citi's 2024 Global Property CEO Conference. I'm Nick Cho Joseph, joined by Mike Rollins with Citi Research.

Digital Realty Trust, Inc. (DLR) Citi's 2024 Global Property CEO Conference (Transcript)

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Mitsubishi Acquires 65% Equity Interest in Two Data Centers Currently Under Construction in the Dallas Metro Area, with Up to 48 Megawatts of Potential IT Load AUSTIN, Texas , March 4, 2024 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, and Mitsubishi Corporation, announced the formation of a new joint venture to support the development of two data centers in the Dallas metro area, which are 100% pre-leased to an S&P 100 investment grade customer on a long-term basis. Mitsubishi has acquired a 65% equity interest in the venture for an initial contribution of approximately $200 million, while Digital Realty maintains a 35% interest and will manage the development and day-to-day operations of the joint venture, for which it will receive customary fees.

Digital Realty and Mitsubishi Corporation Form Data Center Development Joint Venture

DLR's FY2024 guidance has been misunderstood after all, since the management has opted to diversify capital resources in an attempt to improve balance sheet health. With reduced capex commitments, we believe that the REIT has executed competently, especially given the uncertain macroeconomic outlook and elevated interest rates. Readers must also note that much of its new capacities are expected to come online only by H2'24 and 2025, naturally explaining why we believe that the market has overreacted.

Digital Realty Trust's Poor Guidance Is Nothing To Be Concerned About

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A rise in operating expenses hurt Digital Realty's (DLR) Q4 results. However, an increase in revenues offered support to some extent.

Digital Realty's (DLR) Q4 FFO & Revenues Miss Estimates

Digital Realty Trust, Inc. (DLR) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Digital Realty Trust (DLR) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Digital Realty Trust (DLR) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Digital Realty Trust forecast fiscal 2024 revenue below market expectations on Thursday, as customers tighten spending on data centers amid an uncertain economy.

Digital Realty expects downbeat annual revenue as customers cut spending

Digital Realty Trust (DLR) came out with quarterly funds from operations (FFO) of $1.63 per share, missing the Zacks Consensus Estimate of $1.64 per share. This compares to FFO of $1.65 per share a year ago.

Digital Realty Trust (DLR) Misses Q4 FFO and Revenue Estimates

AUSTIN, Texas , Feb. 15, 2024  /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, announced today financial results for the fourth quarter of 2023. All per share results are presented on a fully diluted basis.

Digital Realty Reports Fourth Quarter 2023 Results

Digital Realty Trust is a leading global provider of data center, colocation, and interconnection solutions. The increasing prevalence of AI products has driven robust rent growth and leasing activity in the data center market. DLR's old portfolio and focus on growth have put it in a tight spot, with little room to increase dividends, redeem preferred stock, or fund growth internally without equity issuances.

Digital Realty: All That Glitters Is Not Gold

Beyond analysts' top -and-bottom-line estimates for Digital Realty Trust (DLR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

What Analyst Projections for Key Metrics Reveal About Digital Realty Trust (DLR) Q4 Earnings

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Billionaire Stephen A. Schwarzman, CEO/co-founder of Blackstone, is bullish on REITs. He has been pouring 10s of billions into REITs via Blackstone. They just closed another buyout and I expect many more in 2024.

Billionaire Investor Is Buying REITs (And You Should Too)

If there's one industry that's set to outgrow pretty much all others in the coming years, it's data centers. At the start of last year, McKinsey said they were expecting demand to grow by at least 10% per year all the way through 2030.

2 REIT stocks set to surge due to red hot data center demand

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News for Digital Realty Trust Stock (DLR)