Digital Realty Trust (DLR) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Digital Realty Trust (DLR) reported $1.44 billion in revenue for Q4 2024, a year-over-year increase of 4.8% [1] - The company's EPS for the same period was $1.73, significantly up from $0.08 a year ago [1] - Revenue fell short of the Zacks Consensus Estimate of $1.46 billion, resulting in a surprise of -1.47% [1] - The EPS exceeded the consensus estimate of $1.70, delivering a surprise of +1.76% [1] Revenue Breakdown - Rental revenues were reported at $958.89 million, compared to the average estimate of $972.55 million, reflecting an 8.3% year-over-year increase [4] - Tenant reimbursements for utilities totaled $302.66 million, slightly below the estimated $304.23 million, marking a -4.4% change year-over-year [4] - Tenant reimbursements for other categories were $38.59 million, compared to the average estimate of $43.45 million, representing a -16.9% year-over-year decline [4] - Combined tenant reimbursements (utilities + other) were $341.26 million, against an estimate of $347.68 million, showing a -6% change year-over-year [4] - Fee income reached $23.32 million, exceeding the estimate of $15.72 million, with a notable increase of +62.7% year-over-year [4] - Other revenues were reported at $0.04 million, significantly lower than the estimated $1.52 million, indicating a -72.2% year-over-year decline [4] - Interconnection and other revenues were $112.36 million, slightly below the estimate of $114.07 million, but reflecting a +5.6% year-over-year increase [4] Stock Performance - Digital Realty Trust's shares have returned -6.7% over the past month, contrasting with the Zacks S&P 500 composite's +3.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]