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17:00
Jul 23 ◎

DLR FY2026 Q2 Watch

Digital Realty Trust, Inc. (DLR) FY2026 Q2 Earnings Call

BX ▾

Andy Power

Digital Realty acquired Blackstone's stake in three Northern Virginia data centers, indicating ongoing partnership and capital recycling in hyperscale assets.

"we announced the acquisition of Blackstone's ownership interest in three fully leased hyperscale data centers in Northern Virginia, totaling 288 megawatts of IT capacity. The transaction accretively increased our ownership... and continues"

BX WATCH

HIGH

17:00
Apr 23 ◎

DLR FY2026 Q1 Watch

Digital Realty Trust, Inc. (DLR) FY2026 Q1 Earnings Call

DLR EQIX CONE ▾

Andy Power

Record leasing, growing backlog, and raised guidance point to strong demand and operational momentum; management is confident in sustaining double-digit growth.

"we are raising our 2026 core FFO per share guidance range by $0.10 to $8.10 per share"

DLR WATCH

Andy Power

Digital Realty signed the largest lease in its history — a 200MW AI inference deal with an AA-rated hyperscaler in Charlotte, and immediately started a second 200MW building on the same campus. — This validates the hub-expansion strategy and signals that hyperscale AI inference demand is moving into production at scale, intensifying competition for land, power, and construction in secondary markets.

"a 200 megawatt AI inference oriented lease with a AA rated hyperscaler in Charlotte"

EQIX WATCH CONE WATCH

HIGH

17:00
Feb 05 ◎

DLR FY2025 Q4 Watch

Digital Realty Trust, Inc. (DLR) FY2025 Q4 Earnings Call

DLR ANTHROPIC XAI.PVT AMZN MSFT ▾

Matt Merceder

Management guides 8% core FFO growth, backed by record backlog, strong leasing momentum, and power-constrained supply dynamics, signaling confidence in continued outperformance.

"We are establishing a core FFO guidance range for the full year of 2026 of $7.90 to $8 per share. The midpoint represents 8% year-over-year growth"

DLR WATCH

Andy Power

Management references Claude (Anthropic) as one of the leading AI models driving competition, but provides no specific business insight about Anthropic.

"the introduction of ChatGPT a few years ago and the ensuing race between Gemini, Claude, Grok, and others marked the beginning of a new chapter"

ANTHROPIC WATCH

Andy Power

Management references Grok (xAI) as one of the leading AI models, but provides no specific business insight about xAI.

"the introduction of ChatGPT a few years ago and the ensuing race between Gemini, Claude, Grok, and others marked the beginning of a new chapter"

XAI.PVT WATCH

Andy Power

Hyperscale customers are increasingly making leasing decisions based on who can secure and deliver power capacity on a predictable schedule, favoring operators with visible power banks. — This shifts competitive advantage to landlords with pre-secured power and development track records, potentially raising barriers for new entrants and benefiting incumbents like DLR.

"hyperscalers are increasingly making leasing decisions based on who can secure and deliver power capacity on a predictable schedule"

AMZN WATCH MSFT WATCH GOOGL WATCH

Colin (Head of Hyperscale Partnerships)

Enterprise AI inference demand is emerging in 5-15 MW contiguous blocks, and Digital Realty is seeing early conversations for inference-oriented deployments in its zero-to-one megawatt business. — Inference workloads require proximity to data and networks, potentially accelerating demand for colocation in dense interconnection hubs and benefiting GPU vendors like NVIDIA if enterprise AI scales.

"there's emerging conversation around that kind of five megawatt block as inference starts to emerge"

NVDA WATCH

HIGH

17:00
Oct 23 ◎

DLR FY2025 Q3 Watch

Digital Realty Trust, Inc. (DLR) FY2025 Q3 Earnings Call

DLR META GOOGL BIDU XAI.PVT ▾

Matt Mercier

DLR raised FY2025 core FFO guidance for the third consecutive quarter, reflecting record Q3 results, strong backlog, and accelerating organic growth, signaling confidence in sustained double-digit earnings growth.

"We are increasing our core FFO guidance range for the full year 2025 by roughly 2% at the midpoint to a new range of $7.32 to $7.38 per share."

DLR WATCH

Andy Power

DLR notes that Meta is one of several companies developing large-scale AI, reinforcing the competitive landscape but not indicating a specific business relationship.

"Several others, including Meta, Google, Baidu, and XAI, have also developed AI with meaningful scale."

META WATCH

Andy Power

DLR acknowledges Google as a major AI developer, consistent with broad industry demand for data center infrastructure.

"Several others, including Meta, Google, Baidu, and XAI, have also developed AI with meaningful scale."

GOOGL WATCH

Andy Power

Baidu is named as a player in the AI race, but no specific commercial link to DLR is discussed.

"Several others, including Meta, Google, Baidu, and XAI, have also developed AI with meaningful scale."

BIDU WATCH

Andy Power

xAI is mentioned as an AI model developer, though DLR does not detail any direct customer engagement.

"Several others, including Meta, Google, Baidu, and XAI, have also developed AI with meaningful scale."

XAI.PVT WATCH

Chris Sharp

DLR's long-standing DGX pre-certified partnership with NVIDIA and ongoing co-development on future chip architectures reinforces NVIDIA's dependency on colocation providers for AI workload deployment and scaling. — Indicates that NVIDIA's roadmap for higher-density chips (e.g., Rubin) requires data center partners like DLR to have liquid cooling and 800V architectures ready, creating a competitive moat for DLR and potential bottlenecks if capacity lags.

"We've been a partner of NVIDIA's for many years with their DGX pre-certified program."

NVDA WATCH

HIGH

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