Digital Realty Trust (DLR) DLR Q3 Financial Results Summary

2025-10-23 · Stocks · QuoteReporter

Digital Realty Trust, Inc. (DLR) Q3 2025 Financial Results Summary

Pursuant to its financial reporting obligations, Digital Realty Trust, Inc. (NYSE: DLR) released its third-quarter results on October 23, 2025. Below is a summary of the company’s financial performance for Q3 2025 compared to Q3 2024.

Summary of Financial Performance

• Total Revenue:

• Reported $1.577 billion for Q3 2025, an increase of 10% compared to $1.432 billion in Q3 2024.

• Net Income Available to Common Stockholders:

• Declared at $57.631 million (diluted EPS of $0.15) for Q3 2025, versus $41.012 million (diluted EPS of $0.09) in Q3 2024.

• Funds from Operations (FFO):

• Reported $570 million or $1.65 per share in Q3 2025, compared to $520 million or $1.55 per share in Q3 2024—a growth of 6.5% in per-share terms.

• Core Funds from Operations (Core FFO):

• Recorded at $656 million or $1.89 per share for Q3 2025, up from $557 million or $1.67 per share in Q3 2024, amounting to a growth of 13.2% in per-share terms.

• Adjusted EBITDA:

• Reported an increase to $867.8 million, reflecting a 14.5% increase compared to $758.3 million in Q3 2024.

• Net Income Margin:

• Seen at 4% of total revenue which is slightly below the previous year’s figure indicating a more competitive environment.

Operational Highlights

• Leasing Activity:
• Total bookings in Q3 2025 are expected to generate $201 million of annualized GAAP rental revenue.

• Backlog reported at $852 million in annualized GAAP base rent.

• Occupancy Rates:

• Overall occupancy stood at 84.8%, consistent with Q2 2025. This shows year-over-year increase from 83.9% in Q3 2024.

• Rental Rates on Renewals:

• Increased by 8% on a cash basis for the renewals in Q3 2025.

• Dividends:

• The company declared dividends per share of $1.22 in Q3 2025, maintaining the same level as in Q3 2024.

• Share Repurchase:

• Digital Realty repurchased 2.9 million shares under its At-The-Market program at a weighted average price of $172.46 per share, totaling approximately $501 million.

Financial Position

• Total Assets:

• Reported at $48.73 billion as of September 30, 2025, up from $45.30 billion year-over-year, reflecting a growth of 7.5%.

• Total Debt:

• Approximately $18.2 billion as of Q3 2025, slightly down from $18.4 billion in Q2 2025. The debt-to-enterprise value ratio measured at 23%.

• Equity:

• Total stockholders’ equity rose to $23.03 billion, compared to $21.25 billion in Q3 2024, reflecting a growth of 8.4%.

Guidance

• Digital Realty raised its 2025 Core FFO per share outlook to $7.32 – $7.38, reflecting ongoing strong operational performance and growth potential.

Conclusion

Digital Realty Trust, Inc. continues to report strong financial metrics for Q3 2025. The company’s effective management of leasing and asset growth, alongside a stable occupancy rate, reflects its solid position in the data center and colocation services market.

For inquiries or to explore more details about the financial results, please visit Digital Realty’s Investor Relations.

Consolidated Statements of Operations

Amounts in thousands