Digital Realty Trust Inc
NYSE:DLR
Digital Realty Trust Inc
Digital Realty Trust Inc., a colossus in the data center realm, stands at the confluence of technology and real estate, deftly capitalizing on the digital transformation sweeping across industries. Founded in 2004, the company was poised perfectly to ride the wave of burgeoning internet traffic and cloud computing. What sets Digital Realty apart is its global network of data centers, strategically positioned to offer robust and scalable solutions to clients ranging from large enterprises to small tech startups. By owning and operating these tech-centric properties, the company provides vital infrastructure that facilitates seamless data exchange and business continuity for its tenants. From housing critical IT systems to enabling significant cloud service providers, Digital Realty has entrenched itself at the core of digital innovation.
The company generates revenue primarily through leasing space within its data centers to customers who require reliable, secure, and efficient facilities for their digital assets. The real estate investment trust (REIT) model ensures consistent cash flows, as long-term lease agreements with customers create steady income streams. Additionally, the company's focus on energy efficiency and sustainability resonates well with an increasingly eco-conscious clientele, enhancing its appeal and competitive edge in the market. Digital Realty capitalizes on the growing demands for data storage and processing by continually expanding and optimizing its facilities to meet future demands, effectively binding the physical essence of real estate with the indispensable, ever-evolving needs of the digital age.
Digital Realty Trust Inc., a colossus in the data center realm, stands at the confluence of technology and real estate, deftly capitalizing on the digital transformation sweeping across industries. Founded in 2004, the company was poised perfectly to ride the wave of burgeoning internet traffic and cloud computing. What sets Digital Realty apart is its global network of data centers, strategically positioned to offer robust and scalable solutions to clients ranging from large enterprises to small tech startups. By owning and operating these tech-centric properties, the company provides vital infrastructure that facilitates seamless data exchange and business continuity for its tenants. From housing critical IT systems to enabling significant cloud service providers, Digital Realty has entrenched itself at the core of digital innovation.
The company generates revenue primarily through leasing space within its data centers to customers who require reliable, secure, and efficient facilities for their digital assets. The real estate investment trust (REIT) model ensures consistent cash flows, as long-term lease agreements with customers create steady income streams. Additionally, the company's focus on energy efficiency and sustainability resonates well with an increasingly eco-conscious clientele, enhancing its appeal and competitive edge in the market. Digital Realty capitalizes on the growing demands for data storage and processing by continually expanding and optimizing its facilities to meet future demands, effectively binding the physical essence of real estate with the indispensable, ever-evolving needs of the digital age.
Strong Financial Results: Digital Realty reported Q4 core FFO per share of $1.86, up 8% year-over-year, and $7.39 for full year 2025, up 10% over 2024, both above the high end of guidance.
Record Leasing Activity: The company signed over $1 billion of new leases for the second consecutive year, ending 2025 with a record backlog of nearly $1.4 billion.
Guidance Raised: Initial 2026 guidance implies nearly 8% per-share growth at the midpoint, with expectations for more than 10% revenue and adjusted EBITDA growth.
Robust Demand: Demand was strong across all segments, with particular strength in hyperscale and 0–1 megawatt plus interconnection leasing, which set new records.
Strategic Growth: Digital Realty expanded into new APAC markets and closed $3.2 billion in commitments to its first private data center fund, enhancing its funding strategy.
AI & Cloud Drivers: Management emphasized accelerating AI and cloud demand as key growth drivers, with increasing enterprise adoption of AI workloads.
Tight Supply & Pricing Power: Data center supply remains very limited in core markets, supporting strong leasing spreads and sustained pricing power.
Management
Andrew P. Power is a prominent executive in the real estate and digital infrastructure sectors. As of his current role, he serves as the Chief Executive Officer of Digital Realty Trust, Inc., a leading global provider of data center, colocation, and interconnection solutions. Power has been instrumental in steering the company toward strategic growth and expanding its global footprint in the digital infrastructure market. Power originally joined Digital Realty in 2015 as Chief Financial Officer, a role in which he was responsible for the overall financial operations of the company, including overseeing financial strategy, reporting, and capital markets. Under his financial leadership, Digital Realty strengthened its financial position, expanded its service offerings, and pursued key acquisitions to enhance its competitive edge. Prior to joining Digital Realty, Andrew Power had a distinguished career in investment banking, where he focused on the real estate, lodging, gaming, and internet infrastructure sectors. His comprehensive understanding of the financial and operational aspects of real estate investment trusts (REITs) has been pivotal in his executive roles. Power holds a Bachelor of Science degree in Analytical Finance from Wake Forest University. His expertise in finance, strategic leadership, and industry insight continues to drive Digital Realty's mission to support the world's leading enterprises in their digital transformation efforts.
Power originally joined Digital Realty in 2015 as Chief Financial Officer, a role in which he was responsible for the overall financial operations of the company, including overseeing financial strategy, reporting, and capital markets. Under his financial leadership, Digital Realty strengthened its financial position, expanded its service offerings, and pursued key acquisitions to enhance its competitive edge.
Prior to joining Digital Realty, Andrew Power had a distinguished career in investment banking, where he focused on the real estate, lodging, gaming, and internet infrastructure sectors. His comprehensive understanding of the financial and operational aspects of real estate investment trusts (REITs) has been pivotal in his executive roles.
Power holds a Bachelor of Science degree in Analytical Finance from Wake Forest University. His expertise in finance, strategic leadership, and industry insight continues to drive Digital Realty's mission to support the world's leading enterprises in their digital transformation efforts.
Mr. Matthew R. Mercier is a prominent executive known for his leadership role at Digital Realty Trust, a leading global provider of data center, colocation, and interconnection solutions. As of recent updates, Mercier serves as the Chief Financial Officer (CFO) of the company. In his capacity as CFO, he is responsible for overseeing the company's financial operations, including financial planning and analysis, accounting, tax, treasury, and investor relations. Mr. Mercier's expertise in financial management and strategic planning has been instrumental in steering Digital Realty's financial strategies and supporting its growth and expansion in the global market. Prior to his role at Digital Realty, he has had significant experience in financial leadership positions, which equipped him with a depth of knowledge in corporate finance and governance. His educational background includes degrees in finance and business administration, which have underpinned his professional journey. Mr. Mercier is recognized for his analytical acumen and commitment to fostering financial integrity and transparency within the organization.
Mr. Mercier's expertise in financial management and strategic planning has been instrumental in steering Digital Realty's financial strategies and supporting its growth and expansion in the global market. Prior to his role at Digital Realty, he has had significant experience in financial leadership positions, which equipped him with a depth of knowledge in corporate finance and governance.
His educational background includes degrees in finance and business administration, which have underpinned his professional journey. Mr. Mercier is recognized for his analytical acumen and commitment to fostering financial integrity and transparency within the organization.
Gregory S. Wright is the Chief Investment Officer (CIO) at Digital Realty Trust Inc., a global provider of data center, colocation, and interconnection solutions. In his role as CIO, Wright is responsible for overseeing the company's global investment strategy, including acquisitions, dispositions, and capital allocation. Wright plays a critical role in expanding the company's portfolio and aligning its investment activities with strategic goals. Prior to joining Digital Realty, Gregory Wright held various leadership positions in finance and investment-related roles. His extensive experience in the real estate and investment sectors contributes significantly to Digital Realty's strategic expansion and financial performance. Wright has a track record of successful investment management and a deep understanding of the data center industry's dynamics, making him an integral part of Digital Realty's executive team.
Prior to joining Digital Realty, Gregory Wright held various leadership positions in finance and investment-related roles. His extensive experience in the real estate and investment sectors contributes significantly to Digital Realty's strategic expansion and financial performance.
Wright has a track record of successful investment management and a deep understanding of the data center industry's dynamics, making him an integral part of Digital Realty's executive team.
Christopher Sharp is the Chief Technology Officer (CTO) at Digital Realty Trust Inc., a leading global provider of data center, colocation, and interconnection solutions. In his role as CTO, he is responsible for driving the company’s technology strategy, including the development and implementation of new technology initiatives. Sharp plays a pivotal role in enhancing Digital Realty's service offerings by aligning technological advancements with business objectives to better meet customer needs and market demands. Prior to joining Digital Realty, he held numerous leadership positions across the technology and data center industries, providing him with extensive knowledge and experience in areas critical to Digital Realty’s operations. Sharp is recognized for his expertise in digital transformation, infrastructure innovation, and strategic technology partnerships, contributing significantly to the company’s growth and global expansion. Throughout his career, he has been instrumental in fostering innovation and leading teams to deliver cutting-edge technology solutions, reinforcing Digital Realty's position as a leader in the data center sector.
Prior to joining Digital Realty, he held numerous leadership positions across the technology and data center industries, providing him with extensive knowledge and experience in areas critical to Digital Realty’s operations. Sharp is recognized for his expertise in digital transformation, infrastructure innovation, and strategic technology partnerships, contributing significantly to the company’s growth and global expansion.
Throughout his career, he has been instrumental in fostering innovation and leading teams to deliver cutting-edge technology solutions, reinforcing Digital Realty's position as a leader in the data center sector.
Cindy A. Fiedelman serves as the Chief Human Resources Officer at Digital Realty Trust Inc. She is responsible for leading the company's global human resources strategy. Fiedelman has extensive experience in human resources, with a focus on talent management, organizational development, and improving employee experiences. Before joining Digital Realty, she held senior HR positions at various prominent companies, including Avanade and Expedia. Throughout her career, she has been recognized for her leadership in transforming workplace cultures and strengthening employee engagement across diverse organizations. Fiedelman holds a bachelor's degree from the University of Pennsylvania and is known for her commitment to fostering inclusive and dynamic work environments.
Jeffrey Michael Tapley CFA is a prominent figure in the real estate investment and data center industries, currently associated with Digital Realty Trust Inc. As a Chartered Financial Analyst (CFA), he possesses a deep understanding of financial and investment principles, which he applies in his role to drive the financial and strategic growth of the company. Digital Realty Trust is one of the largest providers of data center solutions worldwide, and Tapley's expertise in capital markets and real estate investment plays a crucial role in the company's operations and expansion strategies. His work typically involves overseeing financial planning, managing investment portfolios, and ensuring optimal returns on investments in the data center sector.
Christine B. Kornegay is an accomplished executive recognized for her expertise in real estate and data center management. She has been with Digital Realty Trust, Inc., a leading global provider of data center, colocation, and interconnection solutions, where she has played a significant role. Within Digital Realty, Ms. Kornegay has held various leadership positions, contributing to the company's strategic growth and operational excellence. Her responsibilities often encompass overseeing aspects such as asset management, property operations, and sustainability initiatives. Known for her strategic insights and dedication to innovation, Ms. Kornegay continues to enhance Digital Realty's reputation as a leader in the industry.
Jeannie Lee serves as the Chief Information Officer (CIO) at Digital Realty Trust Inc., a prominent company specializing in data center, colocation, and interconnection solutions. In her role as CIO, Lee is responsible for overseeing the company's global IT strategy, infrastructure, and operations, ensuring alignment with business objectives and driving technological innovation. She has a proven track record in leading complex IT projects and has played a pivotal role in enhancing Digital Realty's digital capabilities to meet the evolving needs of its clients in the rapidly changing digital economy. Lee's leadership is instrumental in fostering a culture of efficiency and resilience within the company's technological frameworks, contributing to its competitive edge in the industry.
