DLR
Digital RealtyData-center landlord to hyperscalers and enterprises (REIT).
Next earnings: Digital Realty has not announced its next earnings date. Its last earnings release was filed with the SEC on October 29, 2026 (Form 8-K, item 2.02); companies on this list usually announce the next date two to three weeks ahead. Last earnings release on EDGAR
01What does it supply?
Products, customers, and where it sits in the AI stack.
What the company does
Owns, develops and leases data centers.
Its role in AI
Leases large-footprint capacity to hyperscalers for AI deployments.
02How much does AI matter to its business?
Partial. One line of business, or an indirect beneficiary.
Why DLR is rated partial
Partial. Digital Realty is a landlord; it does not report AI revenue. The AI signal is in leasing: $307 million of annualized rent signed in Q2 2026 and two hyperscale leases adding $410 million in July, against a $1.9 billion backlog of signed-but-not-commenced leases. Most of the guided 2026 revenue of $6.85-6.95 billion comes from leases that predate the AI build-out.
Reported figures come from the company's own filings and releases. Estimates are third-party or editorial and are kept separate. The exposure label is an editorial judgment.
Reported by the company
- Does not report AI revenue separately. Total revenue $1.9 billion, up 29% YoY; new leases signed of $307 million annualized GAAP base rent at 100% share, of which >1 MW was $99.8 million (52.9 MW).Source · Q2 2026, quarter ended June 30, 2026
- Backlog of signed-but-not-commenced leases $1.9 billion of annualized GAAP base rent at 100% share; in July, two hyperscale leases added $410 million of annualized GAAP base rent.Source · Q2 2026 (June 30, 2026) and July 2026 subsequent events
- 2026 guidance raised: Core FFO per share (ex net promote) $8.15-$8.20, total revenue $6.850-$6.950 billion, development capex net of partner contributions $4.250-$4.750 billion.Source · Guidance issued July 23, 2026 for FY2026
Estimates
No third-party or editorial estimates are listed for DLR. Only company-reported figures are shown at present.
Key financial metrics, by reporting period
Company-reported, via TradingView03What should visitors watch next?
Earnings, product launches, customer spending, and the risks that matter.
Watch list
- Commencement of the $1.9 billion backlog and the July hyperscale leases ($410 million annualized GAAP base rent) source
- Delivery of 769 MW under construction, 64% pre-leased, per the FY2025 10-K source
- New capacity announcements: 50 MW in Singapore (Aug 24, 2026) and a Türkiye joint venture (Sep 14, 2026) source
Growth drivers
- CEO Andy Power: signed more than $100 million of 0-1 MW plus interconnection bookings for the first time, demonstrating the strength of the connectivity-rich portfolio and boosting near-term growth source
- Pipeline expansion: powered land in Kansas City metro for up to 2 gigawatts, a 64% stake in three Northern Virginia data centers with 288 MW, and Marseille land for up to 48 MW source
- 10-K states cloud, hybrid cloud and AI technologies will remain significant drivers of demand for data center infrastructure source
Risks
- Demand depends on cloud, hybrid cloud and AI technologies remaining significant drivers, making the business vulnerable to shifts in those technology trends source
- Digital Realty cannot ensure third-party utilities will deliver power in adequate quantities, and price volatility, outages and fuel costs could constrain capacity expansion source
- Competitors such as Equinix and NTT have greater financial and marketing resources and may undercut pricing or lease capacity faster source
Recent developments: SEC filings
Source: SEC EDGAR · refreshed every 15 min- 8-KCurrent report · items 8.01,9.012026-10-30documentfolder
- 10-QQuarterly report2026-10-30documentfolder
- 8-KEarnings release · items 2.02,7.01,9.012026-10-29documentfolder
- 8-KCurrent report · items 1.01,2.03,9.012026-10-09documentfolder
- 8-KCurrent report · items 7.01,8.01,9.012026-10-06documentfolder
- 8-KCurrent report · items 1.01,2.03,7.01,9.012026-10-06documentfolder
- 8-KCurrent report · items 8.012026-10-06documentfolder
- 8-KCurrent report · items 8.01,9.012026-08-19documentfolder
- 10-QQuarterly report2026-07-31documentfolder
- 8-KEarnings release · items 2.02,7.01,9.012026-07-23documentfolder
- 8-KCurrent report · items 3.03,8.01,9.012026-07-01documentfolder
- 8-KCurrent report · items 3.02,7.01,8.01,9.012026-06-29documentfolder
Insider trades
Form 4, last 6 filings| Insider | Transaction | Shares | Avg price | Filed |
|---|---|---|---|---|
Kornegay Christine Beseda CHIEF ACCOUNTING OFFICER | Tax withholding · disposed | 54 | $176.49 | 2026-10-02 |
Patterson Mark R Director | Open-market sale · disposed | 200 | $193.96 | 2026-08-31 |
Kornegay Christine Beseda CHIEF ACCOUNTING OFFICER | Tax withholding · disposed | 53 | $176.32 | 2026-07-02 |
News
DLR in plain answers
The questions readers ask about Digital Realty, answered from the company's own filings and this site's research. Each answer names its source.
What does Digital Realty (DLR) supply to AI?+
Owns, develops and leases data centers. Leases large-footprint capacity to hyperscalers for AI deployments.
How much does AI matter to Digital Realty's business?+
AI exposure is rated partial on this site: One line of business, or an indirect beneficiary. Reported by the company: Does not report AI revenue separately. Total revenue $1.9 billion, up 29% YoY; new leases signed of $307 million annualized GAAP base rent at 100% share, of which >1 MW was $99.8 million (52.9 MW). Backlog of signed-but-not-commenced leases $1.9 billion of annualized GAAP base rent at 100% share; in July, two hyperscale leases added $410 million of annualized GAAP base rent.
Company filing or releaseWhen is Digital Realty's next earnings date?+
Digital Realty has not announced its next earnings date. Its last earnings release was filed with the SEC on October 29, 2026 (Form 8-K, item 2.02); companies on this list usually announce the next date two to three weeks ahead.
Last earnings release on EDGARAre Digital Realty insiders buying or selling DLR stock?+
In the latest Form 4 filings for DLR there are 1 open-market sale, 2 other transactions (grants, option exercises, tax withholding); the most recent was filed on October 2, 2026 by Kornegay Christine Beseda. Every transaction links to the filing on SEC EDGAR below.
Most recent Form 4What should investors watch for DLR?+
Commencement of the $1.9 billion backlog and the July hyperscale leases ($410 million annualized GAAP base rent) Delivery of 769 MW under construction, 64% pre-leased, per the FY2025 10-K New capacity announcements: 50 MW in Singapore (Aug 24, 2026) and a Türkiye joint venture (Sep 14, 2026)
SourceWhat are the main risks for Digital Realty?+
Demand depends on cloud, hybrid cloud and AI technologies remaining significant drivers, making the business vulnerable to shifts in those technology trends Digital Realty cannot ensure third-party utilities will deliver power in adequate quantities, and price volatility, outages and fuel costs could constrain capacity expansion Competitors such as Equinix and NTT have greater financial and marketing resources and may undercut pricing or lease capacity faster
Annual report, Item 1AWhich AI category is DLR in?+
Digital Realty is listed under Data Centers. Data-center landlord to hyperscalers and enterprises (REIT).
Related companies in Data Centers
Compare all →Original sources
- Investor relations — earnings dates, releases, presentations
- SEC EDGAR company page — every filing (CIK 0001297996)
- TradingView symbol page — full chart and data