Analyst Report: Digital Realty Trust Inc

Summary

Digital Realty Trust is a real estate investment trust focusing on cloud and carrier-neutral interconnected data centers, with a market cap of $48 billion. The company is focusing on AI capabilities. It 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 is at the forefront of the secular transition from on-premises data centers to cloud colocation centers. 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. The REIT has 32MW of capacity and operates over 300 data centers in 25 countries and over 50 global metropolitan markets. About 60% of 2023 rents were from data centers greater than 1 megawatt and ab