earnings
confidence high
sentiment positive
materiality 0.75
Digital Realty 1Q25: core FFO +6% YoY, bookings $242M, launches $2.5B hyperscale fund
DIGITAL REALTY TRUST, INC.
2025-Q1 EPS reported
$0.27
revenue$1,407,637,000
- Total bookings $242.3M: 0-1MW $54.1M, interconnection $14.6M, >1MW $172.1M.
- Record backlog $919M, up >40% from 4Q24; $119M added in 1Q25.
- Launched U.S. Hyperscale Data Center Fund targeting ~$2.5B LP equity; $1.7B subscribed; DLR ≥20%.
- Core FFO per share grew 6% YoY; 2025E guidance at $7.10/share.
- Renewal spreads: GAAP 7.1%, cash 5.6%; leverage 5.1x net debt/EBITDA; >$5B liquidity.