Digital Realty raises 2025 Core FFO outlook as Q2 revenue rises 10% from a year earlier
Digital Realty reported second-quarter 2025 revenue of $1.49 billion, up 10% from the same quarter a year earlier, and diluted net income of $2.94 per share versus $0.20 a year earlier. The company raised its 2025 Core FFO per share outlook to $7.15 to $7.25 from $7.05 to $7.15 set in April, which matters to shareholders because it reflects higher expected recurring cash earnings per share.
Key points
- Q2 2025 Core FFO of $1.87 per diluted share, versus $1.65 in Q2 2024 and $1.77 in Q1 2025
- Q2 2025 total bookings expected to generate $135 million of annualized GAAP rental revenue at the company's share
- Quarter-end backlog of signed-but-not-commenced leases was $826 million of annualized GAAP base rent
- Subsequent to quarter end, the company sold a five-megawatt non-core Atlanta data center for $65 million gross proceeds
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.