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DLR

Digital Realty

Data CentersAI exposure: Partial

Data-center landlord to hyperscalers and enterprises (REIT).

Alerts for DLR

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.

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 TradingView

03What should visitors watch next?

Earnings, product launches, customer spending, and the risks that matter.

Next earnings

No announced date on file. Check the investor relations page.

Last earnings release: 2026-07-23 (8-K)

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 8.01,9.012026-08-19document folder
10-QQuarterly report2026-07-31document folder
8-KEarnings release · items 2.02,7.01,9.012026-07-23document folder
8-KCurrent report · items 3.03,8.01,9.012026-07-01document folder
8-KCurrent report · items 3.02,7.01,8.01,9.012026-06-29document folder
8-KCurrent report · items 3.02,7.01,8.01,9.012026-06-22document folder
8-KCurrent report · items 5.072026-06-01document folder
8-KCurrent report · items 8.01,9.012026-05-04document folder
10-QQuarterly report2026-05-01document folder
8-KEarnings release · items 2.02,7.01,9.012026-04-23document folder
DEF 14AProxy statement2026-04-17document folder
8-KCurrent report · items 8.01,9.012026-02-17document folder

Insider trades

Form 4, last 6 filings

Insider	Transaction	Shares	Avg price	Filed
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

Related companies in Data Centers

Original sources

Investor relations — earnings dates, releases, presentations
SEC EDGAR company page — every filing (CIK 0001297996)
TradingView symbol page — full chart and data

Research note — REIT; largest customer was ~11.7% of annualized recurring revenue per the 10-K. Only upcoming event listed on IR site as of 2026-09-17 is the RBC conference (Sep 29-30, 2026); no Q3 2026 earnings date announced.