Income StatementBalance SheetCash FlowSegments
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Digital Realty Income Statement

Revenue, expenses, and profitability over time

Digital Realty generated $6.3B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $1.4B with a 21.66% net margin. Diluted EPS is $3.77, which grew 2.6% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$6.3BOperating Income (TTM)$730.5MNet Income (TTM)$1.4BEps Diluted (TTM)$3.77
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$68.4B
P/E Ratio49.84
ROE6.15%

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Unrecognized Tax Benefits Current Period Increases—$5.2M$5.2M$5.2M$5.2M—
Cash Paid for Income Taxes$17.8M$43.0M$29.5M$21.1M$19.4M—
Current income tax expense (benefit)—$33.3M$33.3M$33.3M$33.3M—
Deferred Foreign Tax Expense (Benefit)—-$25.3M-$25.3M-$25.3M-$25.3M—
Effective Tax Rate, Continuing Operations—0.6%0.6%0.6%0.6%—
Income Tax at U.S. Statutory Rate—$70.6M$70.6M$70.6M$70.6M—
State and Local Income Taxes, Net—$641.0K$641.0K$641.0K$641.0K—
Income tax expense$4.9M$17.1M$12.9M$11.7M——

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$179.4M$99.8M$1.0B$57.6M$88.5M$169.1M
Net Income Available to Common Stockholders (Diluted)$174.8M$93.6M$1.0B$51.8M$84.0M—
Net income attributable to noncontrolling interests-$3.9M-$3.6M$14.8M-$4.1M——
Net income$189.6M$110.0M$1.0B$67.8M$98.6M$174.8M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defined Contribution Plan Cost$2.4M$2.6M$2.6M$2.6M$2.6M—
Depreciation and amortization$455.4M$443.0M$461.2M$497.0M$493.5M$499.5M
General and administrative$126.8M$123.5M$136.0M$141.7M$164.2M$151.9M
Impairment of Goodwill and Purchased Intangible Assets—$19.6M$19.6M$19.6M$19.6M—
Total operating expenses$1.3B$1.2B$1.3B$1.4B$1.5B$1.4B
Business Combination Acquisition And Integration Related Costs$11.8M$39.9M$22.5M$86.6M$36.1M—
Other Expenses Operating—$112.0K$195.0K$3.3M——
Real Estate Taxes And Insurance$52.1M$53.3M$54.5M$56.3M$55.5M—

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$28.9M-$9.3M$1.5M$25.0M$59.3M—
Income from equity method investments-$36.2M-$7.6M-$12.1M-$16.9M——
Gain (loss) on extinguishment of debt-$2.2M$2.3K$2.3K$2.3K$2.3K—
Other Charges$44.5M$32.8M$37.7M$47.7M$42.8M—
Interest expense$104.7M$98.5M$109.4M$113.6M$116.5M$116.4M
Distributions of earnings from equity method investees$10.9M$60.0M$14.0M$26.0M$22.4M—

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.52$0.30$3.03$0.17$0.23$0.49
Diluted earnings per share$0.50$0.27$2.94$0.15$0.22$0.46
Incremental Shares from Convertible Debt67.8K57.3K57.3K57.3K57.3K—
Weighted-average shares, basic—336.7M337.6M341.4M——
Weighted-average shares, diluted—344.7M345.7M349.2M——

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes—$336.3M$336.3M$336.3M$336.3M—
Income (Loss) from Continuing Operations Before Income Taxes, Domestic—$379.6M$379.6M$379.6M$379.6M—
Income (Loss) from Continuing Operations Before Income Taxes, Foreign—-$43.3M-$43.3M-$43.3M-$43.3M—

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
OCI Foreign Currency Gain (Loss) Arising During Period, Net of Tax-$788.1M$286.4M$443.7M$40.7M$127.8M—
Cash Flow Hedge Reclassification, After Tax$10.4M$8.7M$6.0M$5.9M$5.5M—
Adjustments To Additional Paid In Capital Adjustments To Carrying Amount Of Redeemable Non Controlling Interests-$94.3M$5.5M-$4.8M$226.0K$94.8M—
Adjustments To Additional Paid In Capital Equity Plans Net Of Share Settlement To Satisfy Tax Withholding From Vesting—$2.6M-$2.8M$5.6M-$21.2M—
Amortization Deferred Stock Based Compensation$14.9M$20.9M$25.0M$23.9M$24.0M—
Amortization Of Deferred Financing Costs$4.3M$7.6M$7.6M$7.7M$9.3M—
Amortization Of Unearned Compensation On Share Based Awards$17.3M$22.5M$27.2M$26.3M$26.4M—
Stock options excluded as their inclusion would be anti-dilutive (in shares)—17.6K17K17K——
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$365.4M$1.4B$77.7M$163.3M—
Less: comprehensive income attributable to noncontrolling interest-$143.5M$41.1M$71.2M$33.4M$60.7M—
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest—$406.5M$1.5B$111.1M$224.0M—
Foreign—$32.6M$32.6M$32.6M$32.6M—
Federal—-$8.5K-$8.5K-$8.5K-$8.5K—
Deferred taxes—-$25.3M-$25.3M-$25.3M-$25.3M—
Deferred Leasing Costs Capitalized$12.3M$9.1M$9.1M$9.1M$9.1M—
Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage25.0%25.0%25.0%25.0%25.0%—
Dividends, Common Stock$418.5M$419.6M$422.9M$426.0M$428.1M—
Dividends, Preferred Stock, Stock$10.2M$10.2M$10.2M$10.2M$10.2M—
Effect of exchange rate changes on cash, cash equivalents and restricted cash-$104.4M-$26.4M-$124.9M-$2.5M——
Changes in unrecognized tax benefits—0.5%0.5%0.5%0.5%—
Gain/(loss) on dispositions, net$144.9M$1.1M$931.8M$19.8M$42.9M—
Gain Loss On Early Extinguishment Of Debt$2.2M-$2.3K-$2.3K-$2.3K-$2.3K—
Gain Loss On Sale Of Property Plant Equipment$144.9M$1.1M$931.8M$19.8M$42.9M—
Foreign—$27.8M$27.8M$27.8M$27.8M—
State taxes—$407.5K$407.5K$407.5K$407.5K—
Changes in unrecognized tax benefits—$7.2M$7.2M$7.2M$7.2M—
Increase Decrease In Accounts And Other Assets$113.2M$104.2M$136.5M-$19.3M$117.6M—
Accounts payable and other current liabilities$302.7M-$133.8M$173.7M$74.7M$261.8M—
Incremental Common Shares Attributable To Dilutive Effect Of Redeemable Noncontrolling Interest Shares—7.6M7.8M7.5M——
Incremental Common Shares Attributable To Performance Based Awards—222K216K225K——
Incremental Common Shares Attributable To Unvested Incentive Units—138K67K92K——
Incremental Common Shares Attributable To Unvested Restricted Stock Units—96K80K82K——
Interest Paid, Excluding Capitalized Interest, Operating Activity$46.6M$143.9M$17.3M$154.8M$64.5M—
Minority Interest Increase Decrease From Contributions From Distributions To Noncontrolling Interest Holders-$129.0K-$135.0K$1.9M$2.0M$0.0—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$1.5B-$1.0B$555.8M-$176.5M——
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$512.0M-$903.2M$161.3M-$729.6M-$759.1M—
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$769.5M$399.1M$641.2M$652.9M$719.0M—
Net Income Loss Attributable To Redeemable Noncontrolling Interest$19.9M$6.2M$6.0M$5.9M$4.5M—
Net loss$190.2M$112.5M$1.1B$69.6M$100.6M—
Noncontrolling Interest, Decrease from Deconsolidation$5.1M——$5.2M——
Noncontrolling Interest Increase From Business Combination—$2.7M$2.7M$2.7M$2.7M—
Number of operating segments0.001.000.000.000.00—
Number of reportable segments0.001.000.000.000.00—
Number of reporting units0.250.250.250.250.25—
Occupancy and Related Charges$610.6M$552.0M$607.0M$653.9M$694.1M—
Operating Lease Payments$40.9M—$40.1M$40.5M——
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent-$542.5M$262.1M$392.1M$11.0M$65.5M—
Other comprehensive income/(loss)-$664.6M$300.1M$439.6M$47.4M$127.9M—
Ownership Interest Held In Operating Properties Sold15.1%—————
Payment for (Proceeds from) Other Investing Activity$23.1M$48.1M-$5.6M-$51.6M-$9.0M—
Payments of Dividends$10.2M$848.6M$433.3M$436.4M$10.2M—
Payments To Acquire Asset Or Businesses Net Of Cash Acquired$190.7M$36.4M$181.5M$70.1M$33.2M—
Payments to Acquire Businesses, Net of Cash Acquired——$182.0M$67.0M——
Payments to Acquire Equity Method Investments$81.3M$168.4M$46.9M$111.1M$192.7M—
Payments To Develop Real Estate Assets$735.4M$787.3M$704.3M$687.4M$1.0B—
Proceeds from Equity Method Investment, Distribution, Return of Capital$0.0$74.9M$73.2M$5.1M$180.0K—
Proceeds From Issuance Of Common Stock Net$920.6M$984.0K$604.2M$424.0M$76.8M—
Debt issued (Note 13)$1.2B$871.3M$997.6M$7.4M$1.6B—
Proceeds From Issuance Of Redeemable Preferred Stock$182.9M$182.9M$182.9M$182.9M$182.9M—
Proceeds from revolver$474.2M$466.1M$355.4M$590.4M$390.9M—
Financing — other—-$4.2M-$19.0M-$1.2M-$34.0M—
Transactions involving noncontrolling interests-$129.0K-$135.0K$1.9M-$6.7M$8.6M—
Proceeds from disposition of property, plant and equipment/other$518.5M$62.1M$1.0B$82.4M$459.9M—
Real Estate Accumulated Depreciation Deductions$102.7M$100.7M$100.7M$100.7M$100.7M—
Real Estate Acquisitions Through Foreclosures$512.8M$1.2B$1.2B$1.2B$1.2B—
Real Estate Deductions$449.7M$295.2M$295.2M$295.2M$295.2M—
Repayments of Lines of Credit$522.4M$1.0B$950.9M$0.0$628.2M—
Repayments of Long-Term Debt$502.7M$495.8M$0.0$754.1M$1.3B—
Sec Schedule1228Real Estate Companies Investment In Real Estate Federal Income Tax Basis Difference In Carrying Value—-$1.9B-$1.9B-$1.9B-$1.9B—
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Depreciation Expense$307.1M$438.8M$438.8M$438.8M$438.8M—
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period1K154K010K1K—
Stock-based compensation, shares issued during period (in shares)067K11K-10K0—
Stock Issued During Period Shares Conversion Of Incentive Units263K4K87K69K15K—
Stock Issued During Period Shares Forfeitures And Expirations Of Incentive Units03K1K00—
Stock Issued During Period Value Conversion Of Units$0.0—————
Straight Lined Rents Amortization Of Below Market Lease And Above Market Lease-$36.5M-$16.6M-$29.5M-$31.6M-$42.1M—
Unrecognized tax benefits, settlements—$437.8K$437.8K$437.8K$437.8K—
Additions for tax positions of prior years—$1.4M$1.4M$1.4M$1.4M—

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$144.3M$195.8M$211.7M$138.4M$112.6M$267.8M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.4B$1.4B$1.5B$1.6B$1.6B$1.6B