Revenue segments as reported by the company.

Rental revenues

Tenant reimbursements - Utilities

Tenant reimbursements - Other

Interconnection & other

Fee income

Other

Revenue Segments

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

Operating Margin

Profit Margin

Margins

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

Utilities

Rental property operating

Property taxes

Insurance

Depreciation & amortization

General & administration

Severance, equity acceleration, and legal expenses

Transaction and integration expenses

Impairment of investments in real estate

Other expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Realty Income Corp

W. P. Carey

W.P. Carey's no-frills, stick-to-basics, diversified approach limits its risk to investors. It may be hyperfocused on the retail sector, but Realty Income's track record says this focus isn't the liability it seems like it should be.

Most REITs Are Less Volatile Than the S&P 500: Here Are 3 Excellent Picks

Agree Realty

AGNC Investment

Innovative Industrial Properties

Medical Properties Trust

ProShares S&P MidCap 400 Dividend Aristocrats ETF

AT&T

Millions of Americans will get money back from Uncle Sam. They'll use it for entertainment, to pay down high-interest debt, build an emergency fund, pay their future selves in a retirement account, save for college, or even take the family away for a bit.

From Refund to Riches: 7 Stocks to Invest Your Tax Return Like a Pro

Prologis

REITs fell as interest rates rose, leading to good investment opportunities for dividend investors. Warehouse landlord Prologis and data center owner Digital Realty have seen their stocks start to rebound.

2 Supercharged Dividend Stocks to Buy if There's a Market Sell-Off

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

Automatic Data Processing

Broadcom

American Express

Garmin

Mastercard

Microsoft

Want to get paid for owning a stock without having to sell it? Many dividend stocks offer this possibility.

Dividend Dynamos: 7 Stocks Paying You to Own Them

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)?

American Tower

Mid-America Apartment Communities

Public Storage

Vici Properties

Real estate investment trusts as a group have lagged behind the S&P 500. However, much of the underperformance is likely due to interest rate headwinds, not the businesses.

Could These "Magnificent Seven" Real Estate Stocks Be an Incredible Investment Opportunity Right Now?

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)

Amazon

Constellation Energy Corp

Illumina

NVIDIA

You know an S&P 500 company is growing like crazy when even the bullish Wall Street analysts can't keep up.

Analysts Barely Keep Up With 7 Stocks' Explosive Growth This Year

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

Equinix

Jones Lang LaSalle

Oracle

Super Micro Computer

Instead of snazzy hotels or glistening office towers, the new property darlings are power-hungry data centers, often in places like Northern Virginia; Columbus, Ohio; and Salt Lake City.

AI is fueling a gold rush in new data centers, the hottest buildings in real estate

Analog Devices

Ally Financial

Brookfield Asset Management

Boston Omaha

Carrier Global

Cogent Communications Holdings

Enterprise Products Partners

Essential Properties Realty Trust Inc

Fidelity National Financial

Corning

Home Depot

Lockheed Martin

Altria

MPLX

Starbucks

Schwab US Dividend Equity ETF

UnitedHealth Group

Union Pacific

I experienced a slowdown in new invested capital due to life changes recently and suffered from some unfortunate dividend announcements in my portfolio.

My Dividend Growth Income: January 2024 Update

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

Blackstone Group

STAG Industrial

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)

News for Digital Realty Trust Stock (DLR)