Digital Realty Trust Reports Strong Q1 2025 Performance

Digital Realty Trust ( (DLR) ) has released its Q1 earnings. Here is a breakdown of the information Digital Realty Trust presented to its investors.

Digital Realty Trust is a leading global provider of data center, colocation, and interconnection solutions, operating in the cloud- and carrier-neutral data center sector with a vast global footprint. In its first quarter of 2025 earnings report, Digital Realty reported a net income of $106 million, with a notable increase in Funds From Operations (FFO) per share to $1.67, up from $1.41 in the same quarter last year. The company also raised its Core FFO per share outlook for 2025, indicating strong financial performance and strategic growth initiatives. Key financial highlights include a 6% year-over-year revenue increase to $1.4 billion, a record backlog of $919 million in annualized GAAP base rent, and significant leasing activity expected to generate $242 million in annualized revenue. The company also expanded its asset base through acquisitions and the formation of a U.S. Hyperscale Data Center Fund, raising over $1.7 billion in equity commitments. Looking ahead, Digital Realty maintains a positive outlook, with expectations of continued growth in Core FFO and strategic expansions in key markets.