Digital Realty Trust Reports 28.9% Revenue Growth to $1.92 Billion for Quarter Ending June 30, 2026

Digital Realty Trust, Inc. reported significant financial performance for the quarter ending June 30, 2026, with total operating revenues reaching $1.92 billion, a 28.9% increase from $1.49 billion in the same quarter of the previous year. For the first half of 2026, revenues totaled $3.56 billion, up 22.7% from $2.90 billion in the first half of 2025. The increase was driven by a rise in rental and other services revenue, which grew by 14.9% to $1.67 billion for the quarter and 15.1% to $3.27 billion for the six months. Additionally, fee income surged significantly, increasing by 596.9% in the quarter and 402.7% in the half-year, largely due to $201 million of promote income from a recent acquisition.

In terms of profitability, the company reported a net income of $457.6 million for the quarter, down from $1.05 billion in the prior year, primarily due to a substantial gain on property dispositions recorded in 2025. For the first half, net income was $632.4 million, compared to $1.15 billion in the same period last year. The diluted earnings per share for the quarter were $1.21, down from $2.94, while for the first half, it was $1.68 compared to $3.21 in 2025.

Strategically, Digital Realty made several acquisitions during the quarter, including a significant $5.2 billion acquisition of a 64% interest in two joint ventures, which has now become wholly owned subsidiaries. The company also acquired additional properties in various locations, including data centers in Malaysia and land in France, contributing to its geographic expansion. As of June 30, 2026, the company’s total investments in properties reached approximately $32.86 billion, up from $26.43 billion at the end of 2025.

Operationally, Digital Realty reported a total of 310 data centers with a combined white space IT load of 2,515 megawatts, achieving an occupancy rate of 89.8%. The company’s customer base remains strong, with two of its largest customers accounting for approximately 21% of total revenue. The company continues to focus on expanding its development pipeline, with 1,402 megawatts of projects underway, representing an 82% increase in capacity compared to the previous year.

Looking ahead, Digital Realty anticipates continued growth driven by strong demand for data center capacity and plans to leverage its recent acquisitions to enhance operational efficiencies. The company aims to maintain a conservative capital structure while pursuing additional acquisitions and development opportunities, with a focus on maximizing long-term growth in earnings and funds from operations.