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Earnings Score 52 Bullish

Digital Realty Reports Strong Q1 Growth Driven by Data Center Demand

Apr 23, 2026 20:36 UTC
DLR
Short term

Digital Realty Trust Inc. posted a significant increase in first-quarter profits and revenue. The data center REIT saw its bottom line rise to $179.27 million compared to the previous year.

  • Q1 Revenue: $1.635 billion (+16.2% YoY)
  • Q1 Net Income: $179.27 million
  • Q1 EPS: $0.46 per share
  • Prior Year Net Income: $109.97 million
  • Prior Year EPS: $0.27 per share

Digital Realty Trust Inc. (DLR) has reported a substantial increase in its financial performance for the first quarter of 2026, marking a period of accelerated growth for the data center REIT. The results highlight the company's ability to scale its operations amid rising global demand for digital infrastructure. The company's revenue for the period rose 16.2% to $1.635 billion, up from $1.407 billion in the same quarter last year. This top-line growth was accompanied by a significant expansion in profitability, as the company successfully optimized its operational efficiency. On the bottom line, Digital Realty's net income climbed to $179.27 million, a sharp increase from the $109.97 million reported in the prior year. This growth is reflected in the earnings per share (EPS), which rose to $0.46 from $0.27. These results suggest that the company is effectively capitalizing on the ongoing expansion of cloud computing and the increasing need for high-capacity data storage. For investors, the performance confirms the resilience of the data center asset class within the broader real estate market.

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