Dallas, Texas-based Digital Realty Trust, Inc. (DLR) is a real estate investment trust (REIT) focused on data centers. Valued at a market cap of $55 billion, the company owns, develops, and operates data center, colocation, and interconnection facilities that support the growing demand for cloud computing, artificial intelligence, and digital transformation. Companies valued at $10 billion or more are typically classified as “large-cap stocks,” and DLR fits the label perfectly, with its market cap exceedi ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Digital Realty Trust Inc. (NYSE:DLR) is a real estate investment trust that provides data center, colocation, and interconnection services globally. It is set to report its Q3 2025 earnings on Oct. 23. Wall Street analysts expect the company to post EPS of $0.85, down from $1.67 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $1.52 billion, up from $1.43 billion ...

Core Insights - Digital Realty Trust (DLR) reported a second-quarter 2025 core funds from operations (FFO) per share of $1.87, exceeding the Zacks Consensus Estimate of $1.74, with a year-over-year increase of 13.3% [1][9] - The company raised its 2025 core FFO guidance range to $7.15-$7.25 from the previous range of $7.05-$7.15, with the Zacks Consensus Estimate of $7.04 below the new guidance [12] Financial Performance - DLR's operating revenues for the second quarter reached $1.49 billion, surpassing the Zacks Consensus Estimate of $1.44 billion, and reflecting a year-over-year increase of 10.1% [2][9] - The company reported "Same-Capital" cash net operating income (NOI) growth of 4.4% [2] - Adjusted EBITDA for the quarter was $823.3 million, marking a 13.3% increase year over year [5] Leasing and Revenue Growth - DLR signed total bookings estimated to generate $135 million of annualized GAAP rental revenues, with significant contributions from the 0-1 megawatt category and interconnection services [4] - Renewal leases signed during the quarter resulted in $177 million of annualized cash rental revenues, with rental rates increasing by 7.3% on a cash basis and 9.9% on a GAAP basis [5] Strategic Partnerships and Initiatives - DLR partnered with Oracle Solution Centers to enhance digital infrastructure offerings, combining data center services with Oracle's deployment-ready frameworks [3] Portfolio Activity - During the quarter, DLR acquired land parcels in Atlanta and Dallas for $120 million and $11 million respectively, expected to support significant IT capacity [6] - Additional land parcels were acquired for around $6 million in the Chicago metro area to expand its Franklin Park campus [7] Capital and Debt Management - As of the end of the second quarter, DLR had cash and cash equivalents of $3.55 billion, up from $2.32 billion at the end of the first quarter [10] - The company had total debt outstanding of $18.5 billion, with a net debt-to-adjusted EBITDA ratio of 5.1X and a fixed charge coverage of 4.7X [10][11] Future Projections - DLR projects total revenues for 2025 in the range of $5.925-$6.025 billion, with adjusted EBITDA expected between $3.200-$3.300 billion [13]