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Digital Realty logoDigital Realty DLR

Digital Realty said total operating revenues for the 3 months ended March 31, 2025 increased by approximately $76.5 million compared with the same period in the prior year. Stabilized rental and other services revenue increased $30.9 million, and non-stabilized revenue increased $38.7 million.

10-QQuarterly reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Digital Realty said total operating revenues for the 3 months ended March 31, 2025 increased by approximately $76.5 million compared with the same period in the prior year. Stabilized rental and other services revenue increased $30.9 million, and non-stabilized revenue increased $38.7 million.

  2. The company said stabilized utilities expenses for Q1 2025 decreased by approximately $10.7 million compared with the same period in the prior year, primarily due to lower power pricing at certain properties in the stabilized portfolio, mainly in EMEA and APAC. Stabilized utility reimbursement for the same quarter decreased $7.9 million.

  3. Digital Realty said gain on disposition of properties for Q1 2025 decreased by approximately $276.7 million compared with the same period in the prior year. The comparison period included a gain of approximately $194.2 million from the sale to Brookfield in January 2024 and a gain of $74.4 million from the sale of an easement in March 2024. Interest expense decreased by approximately $11.1 million.

  4. The company said as of March 31, 2025 it had cash and cash equivalents of $2,321.9 million, excluding restricted cash of $6.3 million. It also said open commitments related to construction contracts were approximately $2.3 billion, and it expected capital expenditures for the remainder of 2025 to be approximately $2.3 billion to $2.8 billion.

Key figures

Quarter ended March 31, 2025

Revenue
$1.4B
Operating income
$196M
Net income
$110M
EPS
$0.27
Operating cash flow
$399M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Operating revenues for Q1 2025 increased approximately $76.5 million

Digital Realty said total operating revenues for the 3 months ended March 31, 2025 increased by approximately $76.5 million compared with the same period in the prior year. Stabilized rental and other services revenue increased $30.9 million, and non-stabilized revenue increased $38.7 million.

Source · Based on the MD&A text of the filing

Stabilized utilities expenses decreased approximately $10.7 million

The company said stabilized utilities expenses for Q1 2025 decreased by approximately $10.7 million compared with the same period in the prior year, primarily due to lower power pricing at certain properties in the stabilized portfolio, mainly in EMEA and APAC. Stabilized utility reimbursement for the same quarter decreased $7.9 million.

Source · Based on the MD&A text of the filing

Gain on disposition down $276.7 million, interest expense down $11.1 million

Digital Realty said gain on disposition of properties for Q1 2025 decreased by approximately $276.7 million compared with the same period in the prior year. The comparison period included a gain of approximately $194.2 million from the sale to Brookfield in January 2024 and a gain of $74.4 million from the sale of an easement in March 2024. Interest expense decreased by approximately $11.1 million.

Source · Based on the MD&A text of the filing

Cash as of the balance date $2,321.9 million; capital expenditure guidance for the remainder of 2025

The company said as of March 31, 2025 it had cash and cash equivalents of $2,321.9 million, excluding restricted cash of $6.3 million. It also said open commitments related to construction contracts were approximately $2.3 billion, and it expected capital expenditures for the remainder of 2025 to be approximately $2.3 billion to $2.8 billion.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.