DIGITAL REALTY TRUST, INC.
Business
Digital Realty Trust, Inc. is a global REIT that owns, acquires, develops and operates data centers, offering colocation, interconnection and cloud-enablement solutions. The company provides PlatformDIGITAL®, a comprehensive global data center platform delivering coverage, capacity, connectivity and control across more than 300 facilities in 55+ metros on six continents. Digital Realty serves a diversified customer base of over 5,000 clients including cloud providers, enterprises, content providers, network operators and financial services firms across North America, Europe, Latin America, Africa, Asia and Australia.
Summary from 10-K filed 2026-02-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total operating revenues | 6,113 | 5,555 | 5,477 | 4,692 | 4,428 | |
| Rental property operating and maintenance | 2,507 | 2,318 | 2,382 | 1,826 | 1,571 | |
| Property taxes and insurance | 220 | 201 | 216 | 192 | 208 | |
| Depreciation and amortization | 1,895 | 1,772 | 1,695 | 1,578 | 1,487 | |
| General and administrative | 565 | 480 | 449 | 422 | 401 | |
| Transactions and integration | 185 | 94 | 85 | 69 | 47 | |
| Provision for impairment | 79 | 191 | 118 | 3 | 18 | |
| Other | 4 | 27 | 8 | 12 | 3 | |
| Total operating expenses | 5,454 | 5,083 | 4,953 | 4,102 | 3,734 | |
| Operating income | 658 | 472 | 524 | 590 | 694 | |
| Equity in loss of unconsolidated entities | −32 | −120 | −30 | −13 | 62 | |
| Gain on disposition of properties, net | 996 | 596 | 901 | 177 | 1,381 | |
| Other income, net | 161 | 154 | 68 | 9 | −4 | |
| Interest expense | −438 | −453 | −438 | −299 | −294 | |
| Gain (loss) on debt extinguishment and modifications | 9,000 | −6 | — | −51 | −19 | |
| Income tax expense | −32 | −55 | −76 | −32 | −73 | |
| Net income | 1,313 | 588 | 950 | 380 | 1,747 | |
| Net (income) loss attributable to noncontrolling interests | −5 | 14 | −1 | −3 | −38 | |
| Net income attributable to Digital Realty Trust, L.P. | 1,309 | 602 | 949 | 378 | 1,709 | |
| Preferred stock dividends | −41 | −41 | −41 | −41 | −46 | |
| Net income available to common unitholders | 1,268 | 562 | 908 | 337 | 1,681 | |
| Basic (in dollars per share) | 3.73 | 1.74 | 3.04 | 1.18 | 5.95 | |
| Diluted (in dollars per share) | 3.58 | 1.61 | 2.88 | 1.11 | 5.94 | |
| Basic (in shares) | 340 | 323 | 299 | 286 | 282 | |
| Diluted (in shares) | 348 | 332 | 309 | 298 | 283 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Investments in properties, net | 26,434 | 24,121 | 24,236 | 23,775 | 20,762 | |
| Investments in unconsolidated entities | 3,428 | 2,640 | 2,296 | 1,991 | 1,808 | |
| Net investments in real estate | 29,862 | 26,761 | 26,532 | 25,766 | 22,570 | |
| Operating lease right-of-use assets, net | 1,136 | 1,179 | 1,414 | 1,351 | 1,405 | |
| Cash and cash equivalents | 3,452 | 3,871 | 1,625 | 142 | 143 | |
| Accounts and other receivables, net | 1,359 | 1,257 | 1,278 | 969 | 672 | |
| Deferred rent, net | 751 | 642 | 624 | 602 | 547 | |
| Goodwill | 9,712 | 8,929 | 9,240 | 9,208 | 7,937 | |
| Customer relationship value, deferred leasing costs and other intangibles, net | 2,135 | 2,178 | 2,500 | 3,093 | 2,735 | |
| Assets held for sale and contribution | 350 | — | — | — | — | |
| Other assets | 655 | 466 | 420 | 354 | 359 | |
| Total assets | 49,410 | 45,284 | 44,113 | 41,485 | 36,370 | |
| Global revolving credit facilities, net | 899 | 1,611 | 1,812 | 2,150 | 398 | |
| Unsecured term loans, net | 440 | 387 | 1,560 | 797 | — | |
| Unsecured senior notes, net of discount | 16,194 | 13,963 | 13,422 | 13,120 | 12,903 | |
| Secured and other debt, net of discount | 869 | 753 | 631 | 529 | 147 | |
| Operating lease liabilities | 1,253 | 1,294 | 1,542 | 1,471 | 1,512 | |
| Accounts payable and other accrued liabilities | 2,601 | 2,056 | 2,169 | 1,869 | 1,544 | |
| Deferred tax liabilities | 1,125 | 1,085 | 1,151 | 1,193 | 666 | |
| Accrued dividends and distributions | 428 | 419 | 388 | 364 | 339 | |
| Security deposits and prepaid rents | 755 | 540 | 402 | 370 | 337 | |
| Obligations associated with assets held for sale and contribution | 182,000 | — | — | — | — | |
| Total liabilities | 24,564 | 22,108 | 23,117 | 21,863 | 17,846 | |
| Redeemable noncontrolling interests | 1,499 | 1,433 | 1,395 | 1,515 | 47 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred Stock: $0.01 par value per share, 110,000 shares authorized; $755,000 liquidation preference ($25.00 per share), 30,200 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | 732 | 732 | 732 | 732 | 732 | |
| Common Stock: $0.01 par value per share, 502,000 shares authorized; 343,557 and 336,637 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 3 | 3 | 3 | 3 | 3 | |
| Additional paid-in capital | 29,350 | 28,080 | 24,397 | 22,143 | 21,076 | |
| Accumulated dividends in excess of earnings | −6,691 | −6,292 | −5,263 | −4,698 | −3,632 | |
| Accumulated other comprehensive loss, net | −469 | −1,182 | −751 | −596 | −174 | |
| Total stockholders' equity | 22,926 | 21,340 | 19,118 | 17,583 | 18,005 | |
| Noncontrolling interests | 421 | 402 | 484 | 524 | 472 | |
| Total equity | 23,347 | 21,743 | 19,602 | 18,107 | 18,477 | |
| Total liabilities and equity | 49,410 | 45,284 | 44,113 | 41,485 | 36,370 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Gain on disposition of properties, net | −996 | −596 | −901 | −177 | −1,381 | |
| Distributions from unconsolidated entities | 122 | 78 | 74 | 42 | 66 | |
| Amortization of share-based compensation | 94 | 76 | 81 | 92 | 84 | |
| (Gain) loss on debt extinguishment and modifications | −9,000 | 6 | — | 51 | 19 | |
| Straight-lined rents and amortization of above and below market leases | −120 | −56 | −51 | −65 | −31 | |
| Amortization of deferred financing costs and debt discount / premium | 32 | 29 | 27 | 19 | 19 | |
| Other operating activities, net | −76 | 29 | −8 | −45 | 81 | |
| Increase in accounts receivable and other assets | −339 | −342 | −155 | −272 | −389 | |
| Increase in accounts payable and other liabilities | 376 | 367 | −224 | 42 | 62 | |
| Net cash provided by operating activities | 2,412 | 2,261 | 1,635 | 1,659 | 1,702 | |
| Improvements to investments in real estate | −3,181 | −2,832 | −3,526 | −2,643 | −2,521 | |
| Cash paid for business combination / asset acquisitions, net of cash acquired | −321 | −508 | −52 | — | — | |
| Investments in and advances to unconsolidated entities | −519 | −316 | −336 | — | — | |
| Return of investment from unconsolidated entities | 153 | 100 | 242 | 3 | 62 | |
| Proceeds from sale of assets | 1,620 | 1,765 | 2,620 | 272 | — | |
| Other investing activities, net | 18 | −115 | −63 | −102 | −43 | |
| Net cash used in investing activities | −2,230 | −1,906 | −1,115 | −4,699 | −1,062 | |
| Proceeds from credit facilities | 1,803 | 1,636 | 2,871 | 5,510 | 2,521 | |
| Payments on credit facilities | −2,587 | −1,715 | −3,294 | −3,820 | −2,611 | |
| Borrowings on secured / unsecured debt | 3,489 | 2,235 | 869 | 2,791 | 1,824 | |
| Repayments on secured / unsecured debt | −2,514 | −2,119 | −112 | −1,037 | −991 | |
| Capital (distribution to) contributions from noncontrolling interests, net | 4 | −21 | 4 | 44 | 124 | |
| Proceeds from issuance of common stock, net | 1,106 | 3,651 | 2,207 | 928 | 172 | |
| Payments of dividends and distributions | −1,728 | −1,633 | −1,521 | −1,451 | −1,379 | |
| Other financing activities, net | −58 | 30 | −62 | 52 | −34 | |
| Net cash (used in) provided by financing activities | −487 | 2,063 | 963 | 2,969 | −591 | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | −305 | 2,419 | 1,483 | −71 | 50 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | −113 | −179 | 3 | 70 | −22 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is DIGITAL REALTY TRUST, INC.'s CIK number?
DIGITAL REALTY TRUST, INC.'s SEC CIK number is 0001297996 (1297996). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find DIGITAL REALTY TRUST, INC.'s SEC filings?
All of DIGITAL REALTY TRUST, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did DIGITAL REALTY TRUST, INC. last report earnings?
DIGITAL REALTY TRUST, INC. (DLR) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-047702). This is DIGITAL REALTY TRUST, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is DIGITAL REALTY TRUST, INC.'s most recent earnings 8-K?
DIGITAL REALTY TRUST, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001104659-26-047702. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View DIGITAL REALTY TRUST, INC.'s latest earnings 8-K →
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