Digital Realty Trust Reports 16.2% Revenue Growth and Increased Net Income in Latest Quarter

Digital Realty Trust, Inc. reported significant financial growth in its latest quarterly results for the period ending March 31, 2026. The company achieved total operating revenues of $1.635 billion, marking a 16.2% increase from $1.408 billion in the same quarter of the previous year. This growth was driven by a 15.4% rise in rental and other services revenue, which reached $1.600 billion, up from $1.387 billion. The net income attributable to common stockholders also saw a substantial increase, rising to $169.1 million, or $0.49 per share, compared to $99.8 million, or $0.30 per share, in the prior year.

In terms of operational performance, Digital Realty's total assets decreased slightly to $48.860 billion from $49.410 billion at the end of 2025. The company reported a notable increase in investments in properties, which rose to $26.859 billion from $26.434 billion. The company also closed on acquisitions totaling approximately $280 million during the quarter, primarily in Sofia, Bulgaria, Milan, Italy, Portland, and Atlanta. Additionally, Digital Realty's cash and cash equivalents decreased to $2.427 billion from $3.452 billion, reflecting increased capital expenditures and investments.

The company reported a total of 309 data centers as of March 31, 2026, with an overall occupancy rate of 89.4%. This includes a significant increase in the white space IT load, which rose to 2,408 megawatts. Digital Realty's leasing activity remained strong, with a weighted average lease term of approximately four years. The company anticipates continued demand for data center capacity, particularly in key metropolitan areas, and expects rental rates on renewed leases to be positive compared to current rates.

Looking ahead, Digital Realty Trust, Inc. remains focused on its growth strategy, which includes expanding its development pipeline and pursuing additional acquisitions. The company has approximately $3.7 billion available under its Global Revolving Credit Facilities, which it plans to utilize for future investments and operational needs. The management expressed confidence in achieving sustainable long-term growth in earnings and funds from operations, while also maintaining a conservative capital structure.