Digital Realty Trust Inc

Strong Leasing Performance: Digital Realty Trust, Inc. reported Q1 2025 leasing of $400 million in total, with $242 million at its share. This marks a 6.1% year-over-year growth in core FFO per share to $1.77, reflecting robust demand across its product categories. The company has a record backlog of booked not billed leases at $919 million, with further expectations to maintain this momentum into Q2 and Q3.

Capital Development and Growth Prospects: The company has increased its development pipeline by 70 megawatts, totaling 814 megawatts at a percentage share, with a focus on hyperscale and enterprise segments. It also launched its first US hyperscale data center fund targeting $2.5 billion in equity commitments, projecting to support $10 billion in investments, enhancing financial flexibility and growth prospects for future hyperscale infrastructure.

Market Demand and Pricing Resilience: Demand for large capacity blocks shows strong momentum, as evidenced by a pricing milestone where leasing averaged $244 per kilowatt per month, a 10% increase YoY. The company emphasizes diverse demand drivers for data center capacity tied to digital transformation, cloud services, and AI, which continue to underpin long-term growth despite recent market uncertainties.