Digital Realty Trust, Inc.

DLR
Sector

Real Estate

Industry

REIT - Specialty

Market Cap

$59.83B

Employees

3.7K

Company Overview

Digital Realty Trust, Inc. is a leading global provider of data center, colocation, and interconnection solutions. The company operates as a REIT, focusing on owning, acquiring, developing, and operating data centers. It serves a diverse range of industries and has a significant geographic presence across North America, Europe, Latin America, Africa, and Asia-Pacific.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total operating revenues decreased by approximately $7.6 million, or 0.6%, to $1,331.1 million in the three months ended March 31, 2024, compared to $1,338.7 million in the same period in 2023. This decrease was primarily driven by a decrease in utility reimbursements.

Net income increased to $287.8 million for the three months ended March 31, 2024, compared to $68.8 million for the same period in 2023. This increase was primarily driven by a gain on disposition of properties.

Total operating expenses increased to $1,181.8 million for the three months ended March 31, 2024, compared to $1,161.4 million for the same period in 2023. This increase was primarily driven by an increase in depreciation and amortization.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights