- Digital Realty (DLR, Financial) reported a 6% year-over-year revenue increase in Q1 2025.
- Core FFO per share grew to $1.77, up from $1.67 in the same quarter last year.
- The company announced a new U.S. Hyperscale Data Center Fund with over $1.7 billion in equity commitments.
Digital Realty (DLR) has announced its financial results for the first quarter of 2025, revealing a net income of $0.27 per share for common stockholders, a notable decrease from $0.82 per share in Q1 2024. Despite this dip in net income, the company's revenue totaled $1.4 billion, marking a 6% increase compared to the same quarter last year, although it reflected a 2% decline from the previous quarter.
Key financial highlights included an increase in Core Funds From Operations (FFO) per share to $1.77, up from $1.67 in the previous year. Digital Realty also reported a record backlog of $919 million in annualized GAAP base rent. The company’s total bookings are expected to generate $242 million in annualized GAAP rental revenue, with rental rates on renewal leases increasing by 5.6%.
Looking forward, Digital Realty has increased its 2025 Core FFO per share outlook to a range of $7.05 to $7.15. The company has also made strategic moves to expand its global presence, having raised over $1.7 billion in equity commitments for its newly formed U.S. Hyperscale Data Center Fund and expanded into Indonesia through a joint venture valued at approximately $95 million.
