Sector: Real Estate|Industry: REIT - Specialty|Market Cap: $59.83B|Employees: 3.7K
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.
Total operating revenue increased by 2.1% in the three months ended September 30, 2024, compared to the same period in 2023, reaching $1,431.2 million. This growth was driven by a 1.4% increase in rental and other services revenue and a 123.6% increase in fee income and other revenue.
Operating income increased by 188.7% in the three months ended September 30, 2024, compared to the same period in 2023, reaching $168.3 million. This increase was driven by a decrease in operating expenses and an increase in revenue.
Net income decreased by 94.6% in the three months ended September 30, 2024, compared to the same period in 2023, reaching $40.1 million. This decrease was driven by a large gain on disposition of properties in 2023.