Digital Realty reported strong financial results for Q4 2025, driven by robust top-line growth and record leasing activity, particularly in its 0-1 megawatt plus interconnection offering. The company introduced its 2026 outlook, signaling confidence in continued growth and a flexible balance sheet to support expansion and customer roadmaps.
Reported FFO per share of $1.89 in 4Q25, compared to $1.61 in 4Q24, a significant increase.
positiveReported Core FFO per share of $1.86 in 4Q25, compared to $1.73 in 4Q24.
positiveSigned total bookings during 4Q25 expected to generate $400 million of annualized GAAP rental revenue at 100% share.
positiveRental rates on renewal leases increased 6.1% on a cash basis and 12.0% on a GAAP basis in 4Q25.
positiveNet income available to common stockholders was $0.24 per share in 4Q25, compared to $0.51 per share in 4Q24, a significant decrease.
negativeAdjusted EBITDA decreased 1% from the previous quarter ($857 million in 4Q25 vs $868 million in 3Q25).
attentionCore FFO per share of $1.86 in 4Q25, compared to $1.89 per share in the previous quarter (3Q25).
attentionThe weighted-average lag between new leases signed during 4Q25 and the contractual commencement date was eight months.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Digital Realty delivered strong financial results in 2025, with robust top‑line growth, record leasing across our 0‑1 megawatt plus interconnection offering, and a substantial backlog that provides clear revenue visibility into 2026 and beyond.
The evolution of our private capital strategy is enabling us to efficiently scale development while maintaining a flexible balance sheet positioned for growth.
At the same time, we’re expanding the PlatformDIGITAL footprint to meet rising global demand.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.