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Digital Realty
Largest colo REIT riding record $800M+ AI-driven signed-not-commenced leasing backlog
HQ US
Recent Business Signals
Jun 26, 2026
news_mention
Digital Realty Plans Kansas City Hyperscale Data Center - CRE Daily Digital Realty Plans Kansas City Hyperscale Data Center CRE Daily
source: gnews-digital-realty
Jun 23, 2026
news_mention
Digital Realty Bets on AI Growth With Major Expansion Moves - The Globe and Mail Digital Realty Bets on AI Growth With Major Expansion Moves The Globe and Mail
source: gnews-digital-realty
Jun 23, 2026
news_mention
Digital Realty Bets on AI Growth With Major Expansion Moves - The Globe and Mail Digital Realty Bets on AI Growth With Major Expansion Moves The Globe and Mail
source: gnews-digital-realty
Jun 23, 2026
news_mention
Digital Realty Bets on AI Growth With Major Expansion Moves - TradingView Digital Realty Bets on AI Growth With Major Expansion Moves TradingView
source: gnews-digital-realty
Jun 23, 2026
news_mention
Digital Realty clears a fresh 20-day high, shares extend the data center REIT rally - Ad-hoc-news.de Digital Realty clears a fresh 20-day high, shares extend the data center REIT rally Ad-hoc-news.de
source: gnews-digital-realty
Jun 23, 2026
news_mention
Digital Realty Bets on AI Growth With Major Expansion Moves - The Globe and Mail Digital Realty Bets on AI Growth With Major Expansion Moves The Globe and Mail
source: gnews-digital-realty
Jun 16, 2026
news_mention
Digital Realty Trust Stock (US2538681030): AI Data Center Demand Meets Rising Rate Reality - AD HOC NEWS Digital Realty Trust Stock (US2538681030): AI Data Center Demand Meets Rising Rate Reality AD HOC NEWS
source: gnews-digital-realty
Jun 1, 2026
leadership_change
Digital Realty Trust, Inc. stockholders elected ten individuals to the Board of Directors, each to serve until the 2027 Annual Meeting of Stockholders.
source: sec_edgar
May 18, 2026
product_launch
Digital Realty opened its first data center in Barcelona, Spain, strengthening its Mediterranean market position.
source: funding-research
May 18, 2026
product_launch
Digital Realty opened its first data center in Barcelona, strengthening its Mediterranean position.
source: funding-research
May 1, 2026
capacity_expansion
For the remainder of 2026, we currently expect to incur approximately $2.8 billion to $3.3 billion of capital expenditures, which includes our share of joint venture contributions and is net of partner contributions for our development prog…
source: sec_edgar_capex
May 1, 2026
capacity_expansion
During the quarter, we closed on acquisitions totaling approximately $280 million in the aggregate, primarily in Investments in properties, net in Sofia, Bulgaria, Milan, Italy, Portland and Atlanta.
source: sec_edgar_capex
Mar 30, 2026
funding
Digital Realty held the final close of its inaugural U.S. Hyperscale Data Center Fund at its $3.25 billion hard cap, backed by global institutional investors including public pensions, sovereign wealth funds, endowments and family offices, …
source: funding-research
Mar 30, 2026
funding
Digital Realty closed its inaugural U.S. Hyperscale Data Center Fund at $3.25 billion in equity commitments from global institutional investors including public pensions, sovereign wealth funds, endowments, and insurance companies, supporti…
source: funding-research
Funding & valuation history
Mar 30, 2026 · funding-research
Digital Realty held the final close of its inaugural U.S. Hyperscale Data Center Fund at its $3.25 billion hard cap, backed by global institutional investors including public pensions, sovereign wealth funds, endowments and family offices, with Eastdil Secured and PJT Park Hill Group as placement agents.
Mar 30, 2026 · funding-research
Digital Realty closed its inaugural U.S. Hyperscale Data Center Fund at $3.25 billion in equity commitments from global institutional investors including public pensions, sovereign wealth funds, endowments, and insurance companies, supporting over $10 billion of new hyperscale investment.
Strategic Position
What they do best
Converting multi-megawatt hyperscale/AI demand into a contracted pipeline, evidenced by the $800M+ signed-not-commenced backlog in signal b7af412b.
Their bet
PlatformDIGITAL power-shell builds plus 2026 hiring in grid interconnect, medium-voltage switchgear and liquid cooling bet that power access and CDU-ready halls, not space, win AI tenants.
Top risk
Grid interconnection/utility delays (Feb 2026 interconnection-manager hire) could stall the $800M+ backlog converting to commenced revenue; falsifiable if H2-2026 commenced leases stall.
Forward view
Derived from public capacity & product announcements — not a company-authored roadmap.
product launch · May 18, 2026
Digital Realty opened its first data center in Barcelona, Spain, strengthening its Mediterranean market position.
product launch · May 18, 2026
Digital Realty opened its first data center in Barcelona, strengthening its Mediterranean position.
capacity expansion · May 1, 2026
For the remainder of 2026, we currently expect to incur approximately $2.8 billion to $3.3 billion of capital expenditures, which includes our share of joint venture contributions and is net of partner contributions for our development programs.
capacity expansion · May 1, 2026
During the quarter, we closed on acquisitions totaling approximately $280 million in the aggregate, primarily in Investments in properties, net in Sofia, Bulgaria, Milan, Italy, Portland and Atlanta.
Compared to peers
Direct competitor
Equinix
Equinix earns higher revenue-per-MW via interconnect density; DLR competes on raw hyperscale footprint and power-shell scale.
Substitute
Compass Datacenters
Compass offers single-tenant build-to-suit 50-200 MW campuses, substituting for DLR's multi-tenant fabric when a hyperscaler wants dedicated capacity.
Why someone would join
- 1.Backlog of $800M+ annualized signed-not-commenced rent (signal b7af412b) plus 2026 hires for medium-voltage switchgear and grid interconnection means years of real construction, not slideware.
- 2.Two consecutive ~$1.5B quarters with $1.87 Core FFO/share and raised FY2025 guidance (signals 3bc9cb33, 797fc204) fund the liquid-cooling/CDU buildout behind the May 2026 mechanical-engineer role.
Recent Hiring (60 days)
- liquid cooling design1
- thermal management1
- CDU integration1