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Digital Realty Trust Inc DLR Stock Quote

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Morningstar‘s Stock Analysis DLR

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Digital Realty Is Benefiting From Its Portfolio Transformation, Enabling Global Connectivity

Matthew Dolgin, CFA Equity Analyst

Business Strategy and Outlook

| Matthew Dolgin, CFA |

Digital Realty has transformed its business from one that merely provided large companies vast amounts of space and power (a typical wholesale data center) to one that can offer customers of all sizes the full spectrum of space, power, and connection needs. With a sizable presence across nearly every continent, it is primed to accommodate the needs of global enterprises that want a fluid solution across their data center footprint. Along with Equinix, we think this makes Digital Realty one of only two data center providers that can offer this breadth and set itself apart from the pack.

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Key Statistics DLR

Company Profile DLR

Business Description

Digital Realty owns and operates nearly 300 data centers worldwide. It has more than 35 million rentable square feet across five continents. Digital's offerings range from retail co-location, where an enterprise may rent a single cabinet and rely on Digital to provide all the accommodations, to "cold shells," where hyperscale cloud service providers can simply rent much, or all, of a barren, power-connected building. In recent years, Digital Realty has de-emphasized cold shells and now primarily provides higher-level service to tenants, which outsource their related IT needs to Digital. Digital Realty has also moved more into the co-location business, increasingly serving enterprises and facilitating network connections. Digital Realty operates as a real estate investment trust.

5707 Southwest Parkway, Building 1, Suite 275
Austin, TX, 78735
T +1 737 281-0101
Industry REIT - Specialty
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 3,030