---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-005434"
form_type: "8-K"
ticker: "DLR"
cik: "0001297996"
company_name: "DIGITAL REALTY TRUST, INC."
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T06:47:13.249170+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Digital Realty 1Q25: core FFO +6% YoY, bookings $242M, launches $2.5B hyperscale fund

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-005434
- form_type: 8-K
- ticker: DLR
- cik: 0001297996
- company_name: DIGITAL REALTY TRUST, INC.
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1297996/000155837025005434/0001558370-25-005434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1297996/000155837025005434/dlr-20250424x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-005434
- JSON: https://secwatch.observer/filing/0001558370-25-005434.json
- Plain text: https://secwatch.observer/filing/0001558370-25-005434.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.