DIGITAL REALTY TRUST, INC.
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Income Statement
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Revenue | 1,634,671 | 1,435,862 | +13.8% |
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| Fee income and other | 46,064 | 23,356 | +97.2% |
| Fee income and other · Digital Realty Trust, L.P. | 46,064 | 23,356 | +97.2% |
| Rental and other services | 1,588,607 | 1,412,506 | +12.5% |
| Rental and other services · Digital Realty Trust, L.P. | 1,588,607 | 1,412,506 | +12.5% |
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| Non Us | 814 | 685.1 | +18.8% |
| US | 820.7 | 750.8 | +9.3% |
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| Digital Realty Trust, L.P. | 1,634,671 | 1,435,862 | +13.8% |
| Operating Lease Expense | 694,133 | 610,638 | +13.7% |
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| Digital Realty Trust, L.P. | 694,133 | 610,638 | +13.7% |
| Real Estate Taxes And Insurance | 55,502 | 52,051 | +6.6% |
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| Digital Realty Trust, L.P. | 55,502 | 52,051 | +6.6% |
| Depreciation And Amortization | 493,458 | 455,355 | +8.4% |
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| Digital Realty Trust, L.P. | 493,458 | 455,355 | +8.4% |
| General & Administrative | 164,220 | 126,816 | +29.5% |
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| Digital Realty Trust, L.P. | 164,220 | 126,816 | +29.5% |
| Business Combination Acquisition And Integration Related Costs | 36,083 | 11,797 | +205.9% |
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| Digital Realty Trust, L.P. | 36,083 | 11,797 | +205.9% |
| Other Expenses Operating (Q) | — | — | — |
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| Digital Realty Trust, L.P. | 98 | 12,002 | -99.2% |
| Operating Expenses | 1,522,047 | 1,291,540 | +17.8% |
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| Digital Realty Trust, L.P. | 1,522,047 | 1,291,540 | +17.8% |
| Operating Income | 112,624 | 144,322 | -22.0% |
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| Digital Realty Trust, L.P. | 112,624 | 144,322 | -22.0% |
| Income Loss From Equity Method Investments | 4,659 | -36,201 | +112.9% |
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| Digital Realty Trust, L.P. | 4,659 | -36,201 | +112.9% |
| Gain Loss On Disposition Of Assets | 42,865 | 144,885 | -70.4% |
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| Digital Realty Trust, L.P. | 42,865 | 144,885 | -70.4% |
| Other Non-Operating Income (Expense) | 42,797 | 44,517 | -3.9% |
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| Digital Realty Trust, L.P. | 42,797 | 44,517 | -3.9% |
| Interest Expense | -116,516 | -104,742 | -11.2% |
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| Digital Realty Trust, L.P. | -116,516 | -104,742 | -11.2% |
| Income Tax Expense (Benefit) | 9,673 | -4,928 | +296.3% |
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| Digital Realty Trust, L.P. | 9,673 | -4,928 | +296.3% |
| Net Income | 96,111 | 185,688 | -48.2% |
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| Digital Realty Trust, L.P. | 96,111 | 185,688 | -48.2% |
| Net Income Loss Attributable To Noncontrolling Interest | 2,536 | 3,881 | -34.7% |
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| Digital Realty Trust, L.P. | 4,536 | 7,881 | -42.4% |
| Net Income | 98,647 | 189,569 | -48.0% |
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| Digital Realty Trust, L.P. | 100,647 | 193,569 | -48.0% |
| Dividends Preferred Stock Stock | -10,181 | -10,181 | 0.0% |
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| Retained Earnings | -10,181 | -10,181 | 0.0% |
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| Digital Realty Trust, L.P. | -10,181 | -10,181 | 0.0% |
| Net Income Loss Available To Common Stockholders Basic | 88,466 | 179,388 | -50.7% |
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| Digital Realty Trust, L.P. | 90,466 | 183,388 | -50.7% |
| EPS (Basic) | 0.25 | 0.54 | -53.7% |
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| Digital Realty Trust, L.P. | 0.25 | 0.54 | -53.7% |
| EPS (Diluted) | 0.23 | 0.51 | -54.9% |
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| Digital Realty Trust, L.P. | 0.23 | 0.52 | -55.8% |
| Wtd Avg Shares (Basic) | 1,242 | 3,371 | -63.2% |
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| Digital Realty Trust, L.P. | 1,213 | 3,331 | -63.6% |
| Wtd Avg Shares (Diluted) | 1,179 | 2,906 | -59.4% |
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| Digital Realty Trust, L.P. | 1,150 | 2,866 | -59.9% |
| Comprehensive Income | 163,340 | -335,349 | +148.7% |
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| Digital Realty Trust, L.P. | 166,569 | -341,791 | +148.7% |
| Other Comprehensive Income | 127,937 | -664,576 | +119.3% |
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| Digital Realty Trust, L.P. | 127,937 | -664,576 | +119.3% |
Balance Sheet
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 3,451,647 | 3,870,891 | -10.8% |
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| Digital Realty Trust, L.P. | 3,451,647 | 3,870,891 | -10.8% |
| Non-Current Assets | |||
| Operating Lease Right-of-Use Assets | 1,135,645 | 1,178,853 | -3.7% |
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| Non Us | 646.4 | 626.6 | +3.2% |
| US | 489.2 | 552.3 | -11.4% |
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| Digital Realty Trust, L.P. | 1,135,645 | 1,178,853 | -3.7% |
| Goodwill | 9,711,953 | 8,929,431 | +8.8% |
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| Digital Realty Trust, L.P. | 9,711,953 | 8,929,431 | +8.8% |
Show Business Acquisition breakouts |
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| DFT Merger | 2,592,147 | 2,592,147 | 0.0% |
| European Portfolio Acquisition | 455,514 | 414,977 | +9.8% |
| Interxion Combination | 4,698,882 | 4,153,316 | +13.1% |
| Other Combinations | 12,518 | 12,518 | 0.0% |
| Telx Acquisition | 330,845 | 330,845 | 0.0% |
| Teraco | 1,622,047 | 1,425,628 | +13.8% |
| Total Assets | 49,410,468 | 45,283,616 | +9.1% |
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| Digital Realty Trust, L.P. | 49,410,468 | 45,283,616 | +9.1% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Unconsolidated entities | 16,741,463 | 12,617,102 | +32.7% |
| Unconsolidated Joint Ventures in Americas | 10,782,799 | 7,473,799 | +44.3% |
| Unconsolidated Joint Ventures in APAC | 2,615,038 | 2,127,166 | +22.9% |
| Unconsolidated Joint Ventures in EMEA | 1,269,336 | 1,009,055 | +25.8% |
| Unconsolidated Joint Ventures in Global | 2,074,290 | 2,007,082 | +3.3% |
| Intangible Assets | 1,807,372 | 1,935,203 | -6.6% |
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| Above Market Leases | 1,684 | 3,608 | -53.3% |
| Customer Relationships | 1,650,704 | 1,702,881 | -3.1% |
| Leases Acquired In Place | 134,162 | 180,685 | -25.7% |
| Other | 52,994 | — | — |
| Other Intangible Assets | 52,994 | 86,600 | -38.8% |
| Other Assets | |||
| Real Estate Investment Property Net | 26,433,617 | 24,120,782 | +9.6% |
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| Digital Realty Trust, L.P. | 26,433,617 | 24,120,782 | +9.6% |
| Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures | 3,427,903 | 2,639,800 | +29.9% |
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| Digital Realty Trust, L.P. | 3,427,903 | 2,639,800 | +29.9% |
| Real Estate Investments | 29,861,520 | 26,760,582 | +11.6% |
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| Non Us | 16,212.5 | 13,528.5 | +19.8% |
| US | 10,221.1 | 10,592.3 | -3.5% |
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| Digital Realty Trust, L.P. | 29,861,520 | 26,760,582 | +11.6% |
| Digital Realty Trust, L.P. · Digital Realty DC Partners NA Fund | 661 | — | — |
| Accounts And Notes Receivable Net | 1,358,895 | 1,257,464 | +8.1% |
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| Digital Realty Trust, L.P. | 1,358,895 | 1,257,464 | +8.1% |
| Deferred Rent Receivables Net | 750,907 | 642,456 | +16.9% |
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| Digital Realty Trust, L.P. | 750,907 | 642,456 | +16.9% |
| Customer Relationship Leases Deferred Leasing Costs And Intangible Assets Net | 2,134,698 | 2,178,054 | -2.0% |
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| Digital Realty Trust, L.P. | 2,134,698 | 2,178,054 | -2.0% |
| Asset Held For Sale And Contribution Not Part Of Disposal Group | 349,826 | — | — |
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| Digital Realty Trust, L.P. | 349,826 | — | — |
| Limited Partners · Digital Realty DC Partners NA Fund, Real Estate Assets For Two Additional Development Project | 336.4 | — | — |
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| Non Core Assets In Texas | 13.4 | — | — |
| Other Assets | 655,377 | 465,885 | +40.7% |
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| Digital Realty Trust, L.P. | 655,377 | 465,885 | +40.7% |
| Non-Current Liabilities | |||
| Accounts Payable And Accrued Liabilities Current And Noncurrent | 2,600,979 | 2,056,215 | +26.5% |
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| Digital Realty Trust, L.P. | 2,600,979 | 2,056,215 | +26.5% |
| Deferred Tax Liabilities | 1,124,724 | 1,084,562 | +3.7% |
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| Digital Realty Trust, L.P. | 1,124,724 | 1,084,562 | +3.7% |
| Dividends Payable Current And Noncurrent | 428,337 | 418,661 | +2.3% |
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| Digital Realty Trust, L.P. | 428,337 | 418,661 | +2.3% |
| Total Liabilities | 24,564,494 | 22,107,836 | +11.1% |
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| Digital Realty Trust, L.P. | 24,564,494 | 22,107,836 | +11.1% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Unconsolidated entities | 7,899,929 | 6,092,323 | +29.7% |
| Unconsolidated Joint Ventures in Americas | 4,886,672 | 3,532,248 | +38.3% |
| Unconsolidated Joint Ventures in APAC | 1,127,446 | 823,921 | +36.8% |
| Unconsolidated Joint Ventures in EMEA | 703,538 | 740,433 | -5.0% |
| Unconsolidated Joint Ventures in Global | 1,182,273 | 995,721 | +18.7% |
| Long-Term Debt (Q) | — | — | — |
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| Digital Realty Trust, L.P. · Unsecured Senior Note | 16,194,441 | 13,962,852 | +16.0% |
| Other Liabilities | |||
| Line Of Credit | 899,090 | 1,611,308 | -44.2% |
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| Digital Realty Trust, L.P. | 899,090 | 1,611,308 | -44.2% |
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| Letter Of Credit | 94.2 | — | — |
| Unsecured Debt | 439,536 | 386,903 | +13.6% |
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| Digital Realty Trust, L.P. | 439,536 | 386,903 | +13.6% |
| Senior Notes | 16,194,441 | 13,962,852 | +16.0% |
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| Digital Realty Trust, L.P. | 16,194,441 | 13,962,852 | +16.0% |
| Secured Debt | 869,068 | 753,314 | +15.4% |
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| Digital Realty Trust, L.P. | 869,068 | 753,314 | +15.4% |
| Operating Lease Liability | 1,253,217 | 1,294,219 | -3.2% |
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| Digital Realty Trust, L.P. | 1,253,217 | 1,294,219 | -3.2% |
| Security Deposit Liability | 754,920 | 539,802 | +39.9% |
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| Digital Realty Trust, L.P. | 754,920 | 539,802 | +39.9% |
| Disposal Group Including Discontinued Operation Liabilities Relating To Assets Held For Sale And Contribution | 182 | — | — |
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| Digital Realty Trust, L.P. | 182 | — | — |
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts |
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| Non Core Assets In Texas | 0.2 | — | — |
| Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests | 1,498,975 | 1,433,185 | +4.6% |
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| Digital Realty Trust, L.P. | 1,498,975 | 1,433,185 | +4.6% |
| Stockholders' Equity | |||
| Preferred Stock Value | 731,690 | 731,690 | 0.0% |
| Common Stock | 3,406 | 3,337 | +2.1% |
| Preferred Units Preferred Partners Capital Accounts (Q) | — | — | — |
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| Digital Realty Trust, L.P. | 731,690 | 731,690 | 0.0% |
| General Partners Capital Account (Q) | — | — | — |
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| Digital Realty Trust, L.P. | 22,663,171 | 21,790,990 | +4.0% |
| Limited Partners Capital Account (Q) | — | — | — |
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| Digital Realty Trust, L.P. | 431,600 | 426,183 | +1.3% |
| Additional Paid-In Capital | 29,350,487 | 28,079,738 | +4.5% |
| Retained Earnings | -6,690,722 | -6,292,085 | -6.3% |
| Accumulated Other Comprehensive Income | -469,198 | -1,182,283 | +60.3% |
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| Digital Realty Trust, L.P. | -485,342 | -1,212,367 | +60.0% |
| Total Stockholders' Equity | 22,925,663 | 21,340,397 | +7.4% |
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| Unconsolidated entities | 8,841,534 | 6,524,779 | +35.5% |
| Unconsolidated Joint Ventures in Americas | 5,896,128 | 3,941,551 | +49.6% |
| Unconsolidated Joint Ventures in APAC | 1,487,592 | 1,303,245 | +14.1% |
| Unconsolidated Joint Ventures in EMEA | 565,798 | 268,622 | +110.6% |
| Unconsolidated Joint Ventures in Global | 892,017 | 1,011,361 | -11.8% |
| Partners Capital (Q) | — | — | — |
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| Digital Realty Trust, L.P. | 23,341,119 | 21,736,496 | +7.4% |
| Minority Interest | 421,336 | 402,198 | +4.8% |
| Minority Interest In Joint Ventures (Q) | — | — | — |
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| Digital Realty Trust, L.P. | 5,880 | 6,099 | -3.6% |
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| Subsidiary of Operating Partnership subsidiary · Ascenty | 23 | — | — |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 23,346,999 | 21,742,595 | +7.4% |
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| Accumulated Other Comprehensive Income | -469,198 | -1,182,283 | +60.3% |
| Accumulated Translation Adjustment | -492,674 | -1,189,649 | +58.6% |
| Additional Paid In Capital | 29,350,487 | 28,079,738 | +4.5% |
| Common Stock | 3,406 | 3,337 | +2.1% |
| Increase (decrease) in fair value of derivatives, net of reclassification | 23,476 | 7,366 | +218.7% |
| Noncontrolling Interest | 421,336 | 402,198 | +4.8% |
| Preferred Stock | 731,690 | 731,690 | 0.0% |
| Redeemable Noncontrolling Interests | 1,498,975 | 1,433,185 | +4.6% |
| Retained Earnings | -6,690,722 | -6,292,085 | -6.3% |
| Partners Capital Including Portion Attributable To Noncontrolling Interest (Q) | — | — | — |
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| Accumulated Other Comprehensive Income · Digital Realty Trust, L.P. | -485,342 | -1,212,367 | +60.0% |
| Accumulated Translation Adjustment · Digital Realty Trust, L.P. | -507,813 | -1,218,412 | +58.3% |
| Increase (decrease) in fair value of derivatives, net of reclassification · Digital Realty Trust, L.P. | 22,471 | 6,045 | +271.7% |
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| Digital Realty Trust, L.P. | 23,346,999 | 21,742,595 | +7.4% |
| Digital Realty Trust, L.P. · Accumulated Other Comprehensive Income | -485,342 | -1,212,367 | +60.0% |
| Digital Realty Trust, L.P. · Common Units | 22,663,171 | 21,790,990 | +4.0% |
| Digital Realty Trust, L.P. · Common Units | 431,600 | 426,183 | +1.3% |
| Digital Realty Trust, L.P. · Noncontrolling Interests in Consolidated Joint Ventures | 5,880 | 6,099 | -3.6% |
| Digital Realty Trust, L.P. · Preferred Units | 731,690 | 731,690 | 0.0% |
| Digital Realty Trust, L.P. · Redeemable Interests | 1,498,975 | 1,433,185 | +4.6% |
| Total Liabilities & Equity | 49,410,468 | 45,283,616 | +9.1% |
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| Digital Realty Trust, L.P. | 49,410,468 | 45,283,616 | +9.1% |
Cash Flow Statement
| Metric | YTD Q4 2025 | YTD Q4 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Gain Loss On Sale Of Property Plant Equipment | -42,865 | -144,885 | +70.4% |
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| Digital Realty Trust, L.P. | -42,865 | -144,885 | +70.4% |
| Equity Method Investment Dividends Or Distributions | 22,409 | 10,944 | +104.8% |
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| Digital Realty Trust, L.P. | 22,409 | 10,944 | +104.8% |
| Amortization Deferred Stock Based Compensation | 24,006 | 14,931 | +60.8% |
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| Digital Realty Trust, L.P. | 24,006 | 14,931 | +60.8% |
| Straight Lined Rents Amortization Of Below Market Lease And Above Market Lease | -42,106 | -36,515 | -15.3% |
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| Digital Realty Trust, L.P. | -42,106 | -36,515 | -15.3% |
| Amortization Of Deferred Financing Costs | 9,262 | 4,293 | +115.7% |
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| Digital Realty Trust, L.P. | 9,262 | 4,293 | +115.7% |
| Other Non-Cash Items | -59,334 | 28,888 | -305.4% |
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| Digital Realty Trust, L.P. | -59,334 | 28,888 | -305.4% |
| Increase Decrease In Accounts And Other Assets | -117,646 | -113,165 | -4.0% |
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| Digital Realty Trust, L.P. | -117,646 | -113,165 | -4.0% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | 261,773 | 302,694 | -13.5% |
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| Digital Realty Trust, L.P. | 261,773 | 302,694 | -13.5% |
| Net Cash from Operations | 718,953 | 769,475 | -6.6% |
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| Digital Realty Trust, L.P. | 718,953 | 769,475 | -6.6% |
| Investing Activities | |||
| Payments To Develop Real Estate Assets | -1,002,161 | -735,410 | -36.3% |
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| Digital Realty Trust, L.P. | -1,002,161 | -735,410 | -36.3% |
| Payments To Acquire Asset Or Businesses Net Of Cash Acquired | -33,233 | -190,704 | +82.6% |
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| Digital Realty Trust, L.P. | -33,233 | -190,704 | +82.6% |
| Payments To Acquire Equity Method Investments | -192,747 | -81,261 | -137.2% |
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| Digital Realty Trust, L.P. | -192,747 | -81,261 | -137.2% |
| Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital | 180 | 0 | — |
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| Digital Realty Trust, L.P. | 180 | 0 | — |
| Proceeds From Sale Of Productive Assets | 459,912 | 518,484 | -11.3% |
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| Digital Realty Trust, L.P. | 459,912 | 518,484 | -11.3% |
| Other Investing Activities | 8,975 | -23,099 | +138.9% |
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| Digital Realty Trust, L.P. | 8,975 | -23,099 | +138.9% |
| Net Cash from Investing | -759,074 | -511,990 | -48.3% |
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| Digital Realty Trust, L.P. | -759,074 | -511,990 | -48.3% |
| Financing Activities | |||
| Proceeds From Lines Of Credit | 390,877 | 474,171 | -17.6% |
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| Digital Realty Trust, L.P. | 390,877 | 474,171 | -17.6% |
| Repayments Of Lines Of Credit | -628,184 | -522,438 | -20.2% |
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| Digital Realty Trust, L.P. | -628,184 | -522,438 | -20.2% |
| Proceeds From Issuance Of Long Term Debt | 1,612,577 | 1,207,492 | +33.5% |
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| Digital Realty Trust, L.P. | 1,612,577 | 1,207,492 | +33.5% |
| Repayments Of Long Term Debt | -1,264,523 | -502,654 | -151.6% |
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| Digital Realty Trust, L.P. | -1,264,523 | -502,654 | -151.6% |
| Proceeds From Payments To Minority Shareholders | 8,574 | -129 | +6746.5% |
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| Digital Realty Trust, L.P. | 8,574 | -129 | +6746.5% |
| Proceeds From Issuance Of Common Stock Net | 76,841 | 920,593 | -91.7% |
| Proceeds From Contributions From Parent (Q) | — | — | — |
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| Digital Realty Trust, L.P. | 76,841 | 920,593 | -91.7% |
| Payments Of Dividends | -10,181 | -10,185 | 0.0% |
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| Digital Realty Trust, L.P. | -10,181 | -10,185 | 0.0% |
| Proceeds From Payments For Other Financing Activities | -34,049 | -25,351 | -34.3% |
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| Digital Realty Trust, L.P. | -34,049 | -25,351 | -34.3% |
| Net Cash from Financing | 151,932 | 1,541,499 | -90.1% |
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| Digital Realty Trust, L.P. | 151,932 | 1,541,499 | -90.1% |
| Supplemental | |||
| Interest Paid | 64.5 | 46.6 | +38.4% |
| Other Cash Flow | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect | 111,811 | 1,798,984 | -93.8% |
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| Digital Realty Trust, L.P. | 111,811 | 1,798,984 | -93.8% |
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 40,457 | -104,392 | +138.8% |
Show Legal Entity breakouts |
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| Digital Realty Trust, L.P. | 40,457 | -104,392 | +138.8% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 3,458,290 | 3,876,700 | -10.8% |
Show Legal Entity breakouts |
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| Digital Realty Trust, L.P. | 3,458,290 | 3,876,700 | -10.8% |
Values in thousands USD. Source: SEC EDGAR 10-K filing.