Digital Realty Trust (NYSE:DLR) announced on October 23, 2025 that it generated $1.6 billion in revenue for the third quarter, a 6% increase from the prior quarter and a 10% year‑over‑year gain. Net income for the quarter was $64 million, or $0.15 per share, while adjusted EBITDA rose 5% to $868 million, a 14% increase from the same period last year. Funds from operations reached $570 million, or $1.65 per share, and core FFO per share climbed to $1.89, up from $1.87 in Q2 and $1.67 a year earlier.
The company booked $201 million in new leases, including $65 million in 0‑1 MW and $20 million in interconnection, with a backlog of $852 million in signed‑but‑not‑commenced leases. Digital Realty also completed the sale of non‑core data centers in Atlanta, Boston, Miami, and Dallas, generating approximately $213 million in gross proceeds, and acquired land parcels in Los Angeles and Chicago that will support 32 MW and 40 MW of future capacity, respectively. These transactions reinforce the firm’s strategy to expand high‑density, AI‑ready infrastructure while maintaining a strong balance sheet.
The company’s updated 2025 outlook now projects core FFO per share of $7.32–$7.38 and constant‑currency core FFO of $7.25–$7.30, reflecting a 7% year‑over‑year growth at the midpoint. Net debt stood at $18.2 billion, giving a net debt‑to‑Adjusted EBITDA ratio of 4.9×, comfortably below the 5.5× target. Capital expenditures for the year are expected to be $1.7–$2.2 billion, supporting the firm’s plan to add 5 GW of buildable capacity worldwide.
Digital Realty’s earnings release is a material corporate event that provides investors with updated financial performance, guidance, and strategic initiatives, all of which are essential for assessing the company’s future prospects. The release contains concrete figures and dates, meets the explicit timing requirement, and is not a duplicate of any previously published article. Consequently, it qualifies as a newsworthy event for the Digital Realty Trust audience.
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