Sunday 1 November 2026 Export DLR’s income statement to Excel — free account

Digital Realty Trust, Inc.

Digital Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.1 billion, up 10.0% from fiscal 2024.

Revenue: +28.9%
EPS: −58.8%
Free cash flow: −25.9%
Total debt: +0.99%

Quarter to June 2026, against a year earlier

180.70 2.21 −1.21%

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Market cap: $67.9B
P/E: 82.9×
Fwd P/E: 64.4×
Dividend yield: 2.71%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

Digital Realty Trust, Inc. (DLR) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Rental and other services	5,969	97.65%
Fee income and other	144	2.35%
Gross margin		55.39%
Operating margin		10.77%
Pre-tax margin		22.01%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Rental and other services	5,969 97.65%	5,482 98.69%	5,430 99.14%	4,663 99.38%	4,395 99.26%	3,887 99.56%	3,196 99.60%	2,412 79.18%	2,010 81.79%
Fee income and other	144 2.35%	72 1.31%	47 0.86%	29 0.62%	33 0.74%	17 0.44%	13 0.40%	10 0.32%	7 0.30%
Tenant Reimbursements	—	—	—	—	—	—	—	625 20.50%	440 17.91%
Revenue	6,113	5,555	5,477	4,692	4,428	3,904	3,209	3,046	2,458

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
UNITED STATES	3,168 51.82%	2,911 52.39%	2,836 51.78%	2,760 58.83%	2,770 62.55%	2,602 66.65%	2,600 81.02%
Outside the United States	2,945 48.18%	2,645 47.61%	2,641 48.22%	1,931 41.17%	1,658 37.45%	1,302 33.35%	600 18.70%
Revenue	6,113	5,555	5,477	4,692	4,428	3,904	3,209

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
AFFO a share	Q2 FY2026	$2.47	$1.68	+47.02%
Annualized GAAP base rent from new leases signed	Q3 FY2026	$604.4M	$161.8M	+273.54%
Backlog of signed-but-not-commenced leases	Q3 FY2026	$1.8B	$852.0M	+111.27%
Buildings	Q4 FY2025	329.00	328.00	+0.30%
Cross-connects	Q3 FY2026	237.5K	231.0K	+2.81%
Data Centers	Q3 FY2026	311.00	311.00	0.00%
FFO a share	Q2 FY2026	$2.73	$1.75	+56.00%
IT Load Capacity MWs	Q3 FY2026	3.2K	—	—
Net rentable square feet, excluding development space	Q4 FY2025	43.2M	41.3M	+4.55%
New leases signed megawatts	Q3 FY2026	184.80	49.80	+271.08%
New leases signed square feet	Q1 FY2026	13.0K	752.0K	−98.27%
Occupancy at end of quarter	Q3 FY2026	91.1%	84.8%	—
Occupied MWs	Q3 FY2026	2.9K	—	—
Occupied square footage	Q4 FY2025	36.6M	34.7M	+5.30%
Renewal leases	Q3 FY2026	$261.0M	$192.0M	+35.94%
Rental rates on renewal leases signed	Q3 FY2026	11.8%	8.00%	—
Rental rates on renewal leases signed	Q3 FY2026	17.0%	11.5%	—
Same-capital occupancy at end of quarter	Q3 FY2026	93.4%	83.7%	—
Signed total bookings	Q3 FY2026	$626.6M	$162.0M	+286.79%
Space held for development	Q4 FY2025	4.7M	4.7M	+0.21%
Space under active development	Q4 FY2025	9.7M	8.9M	+8.70%
Weighted-average lag between new leases signed and contractual commencement date	Q3 FY2026	17.00	—	—
Weighted average remaining lease term (years)	Q3 FY2026	4.40	5.00	−12.00%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
AFFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Annualized GAAP base rent from new leases signed	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Backlog of signed-but-not-commenced leases	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Buildings	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Cross-connects	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Data Centers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
FFO a share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
IT Load Capacity MWs	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net rentable square feet, excluding development space	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
New leases signed megawatts	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
New leases signed square feet	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Occupancy at end of quarter	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Occupied MWs	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Occupied square footage	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Renewal leases	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Rental rates on renewal leases signed	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Rental rates on renewal leases signed	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Same-capital occupancy at end of quarter	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Signed total bookings	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Space held for development	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Space under active development	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Weighted-average lag between new leases signed and contractual commencement date	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Weighted average remaining lease term (years)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.