NYSE$DLR

Digital Realty Trust Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Digital Realty reported Q3 2025 results with continued data-center demand and development activity.

The REIT discussed leasing momentum, power availability, and hyperscale demand across its global platform while managing interest expense and development yields.

  • Data-center demand and AI workloads support leasing.
  • Development pipeline and power procurement are strategic priorities.
  • Interest expense and capital markets access affect AFFO growth.
  • Interconnection and colocation mix support recurring revenue.

Headline financials

Total Revenue

$1.58B

Previous: $1.43B+10.2%
EPS (adj)

$0.95

Previous: $0.09+955.6%
Rental rate increases on renewal leases (cash basis)

8.0%

No prior period
Backlog of annualized GAAP base rent

$852M

No prior period
Signed total bookings annualized GAAP rental revenue

$201M

No prior period
Capital Expenditures

-$2.18B

Previous: -$2.1B-3.9%
Free Cash Flow

-$2.11B

Previous: -$2.05B-3.2%
Net Income

$63.7M

Previous: $51.2M+24.5%
Operating Income

$158M

Previous: $168M-6.0%
Gross Profit

$1.58B

Previous: $1.43B+10.2%
Cash & Equivalents

$3.3B

No prior period
Total Assets

$48.7B

No prior period

Revenue & EPS history

Digital Realty · Revenue · Quarterly

$1.58B

Q3 2025+10.2%vs Q3 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Digital Realty · $12.1M total across 1 segment · Q3 2023

  • Interconnection and other
    $12.1M-87.3%

Forward guidance

The filing discusses Digital Realty Trust's outlook, capital allocation, and key risks for upcoming periods, including guidance or operating priorities where disclosed.

Tailwinds

  • Digital Realty Trust cites execution and demand trends supporting the outlook.
  • Liquidity and balance-sheet capacity support operations and returns.
  • Leasing spreads and occupancy support cash flows.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability.
  • Financing costs and cap rates influence NAV and AFFO growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.4%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+0.8%

Avg return

30 days after

48%

32 / 67 earnings

Positive

+9.2%

Q3 2024

Best reaction

-15.6%

Q3 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%+0.5%-3.9%
Q4 2025+0.0%-2.7%-3.9%
Q3 2025+2.2%-4.7%-10.4%
Q2 2025+0.4%-0.5%+4.4%
Q1 2025+4.0%+4.4%+9.3%
Q4 2024-0.3%+2.9%-9.9%
Q3 2024+9.2%+10.3%+14.5%
Q2 2024-4.0%-4.4%+0.3%
Q1 2024+6.5%+4.8%+5.3%
Q4 2023-4.2%-5.0%-1.0%
Q3 2023+4.6%+6.3%+16.7%
Q2 2023+3.5%+4.0%+6.2%
Q1 2023+1.5%-3.0%+1.2%
Q4 2022-2.5%-4.6%-11.4%
Q3 2022-1.6%-1.3%+9.6%
Q2 2022+2.5%+0.0%-3.0%
Q1 2022-1.4%-4.0%-4.5%
Q4 2021+0.4%+1.0%+3.3%
Q3 2021+0.1%+0.7%+6.1%
Q2 2021+0.0%+0.6%+3.9%
Q1 2021+4.9%+4.0%+3.0%
Q4 2020-5.1%-7.0%-9.0%
Q3 2020-3.7%-2.7%-8.8%
Q2 2020+2.1%+2.5%-1.9%
Q1 2020-3.1%-11.2%-5.6%
Q4 2019+3.5%+4.8%+12.8%
Q3 2019-2.2%-4.1%-8.4%
Q2 2019+2.8%+5.4%+11.1%
Q1 2019-2.1%-1.3%+0.6%
Q4 2018-1.3%+2.8%+3.1%
Q3 2018-8.4%-10.1%-5.4%
Q2 2018+3.5%+3.8%+5.7%
Q1 2018+6.2%+3.5%+5.0%
Q4 2017-2.9%-5.4%+1.0%
Q3 2017-4.4%-3.0%-3.0%
Q2 2017-0.1%+3.8%+4.3%
Q1 2017+3.3%+1.4%+5.9%
Q4 2016-0.3%+0.3%-1.5%
Q3 2016-4.1%-7.0%-5.8%
Q2 2016-0.9%-0.7%-5.6%
Q1 2016+0.4%
Q4 2015-1.9%
Q3 2015+2.0%
Q2 2015-0.8%
Q1 2015-0.7%
Q4 2014-1.3%
Q3 2014-0.6%
Q2 2014+2.0%
Q1 2014+3.0%
Q4 2013+0.1%
Q3 2013-15.6%
Q2 2013-9.0%
Q1 2013-2.7%
Q4 2012-1.1%
Q3 2012-4.2%
Q2 2012+2.7%
Q1 2012+0.8%
Q4 2011+2.3%
Q3 2011+1.5%
Q2 2011-10.2%
Q1 2011+1.1%
Q4 2009+1.1%
Q4 2010+1.1%
Q3 2010-0.9%
Q2 2010+1.2%
Q2 2009+1.2%
Q1 2010-4.6%

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