Summary
Digital Realty Trust is a real estate investment trust focusing on global cloud and carrier-neutral interconnected data centers, DLR also develops data center platforms for businesses involved in cloud software, financial services, social media, and mobile services. Digital Realty helps customers develop secure networks and cloud-neutral data center platforms, and was at the forefront of the secular transition from on-premises data centers to cloud colocation centers. The REIT has fewer hyperscale centers than its competitor, but is focusing on growing its larger-scale AI capabilities. It continues to expand through M&A, joint ventures, and new development projects, while also recycling capital through asset sales.
DLR is based in Austin, Texas. At the end of 2024, it had about 2,700 MW of IT capacity and operates over 300 data centers in 25 countries and over 50 global metropolitan markets. About 115 centers are in the U.S. About half of revenues at year-end were from U.S. centers. The REIT faces high utility
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