Digital Realty reported strong second-quarter 2025 revenues of $1.49 billion, marking a 6% increase from the previous quarter and a 10% rise year-over-year. The company delivered a record Core FFO per share of $1.87, surpassing the prior quarter's $1.77 and the previous year's $1.65.
Leasing activity was robust, with total bookings expected to generate $135 million of annualized GAAP rental revenue, including a record $73 million from the 0-1 megawatt category and $17 million from interconnection. This performance underscores the strength of Digital Realty's full-spectrum strategy and the broad demand for digital infrastructure.
The company's U.S. Hyperscale Data Center Fund received additional equity commitments, pushing total commitments to over $3 billion, significantly exceeding its initial target. Digital Realty contributed interests in five operating data centers and two development sites to the Fund, generating over $900 million in gross proceeds.
Digital Realty continued its strategic expansion through land acquisitions, securing approximately 100 acres in Atlanta for $120 million (supporting over 200 MW IT capacity), 167 acres in Dallas for $11 million (supporting approximately 480 MW IT capacity), and parcels in Chicago for $6 million to expand its Franklin Park campus.
The company raised its full-year 2025 Core FFO per share outlook to $7.15 - $7.25, up from $7.05 - $7.15. Total revenue guidance was also increased to $5.925 - $6.025 billion, and Adjusted EBITDA guidance was raised to $3.200 - $3.300 billion, reflecting strong operational momentum and confidence in future growth.
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