Digital Realty is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and large businesses. Digital Realty operates 300 properties in 57 metropolitan areas across 31 countries, serving 5,000 customers. Renting physical space accounts for about 90% of Digital Realty’s revenue. The firm enables hyperscalers and other clients to store servers, data, and networking equipment. The other 10% of revenue is generated primarily through interconnection services (8%) and other fee income (2%).

Digital Realty Trust is a REIT focusing on global cloud and carrier-neutral interconnected data centers. DLR also develops data center platforms for businesses involved in cloud software, financial services, social media, and mobile services. It helps customers develop secure networks and cloud-neutral data center platforms and was at the forefront of the secular transition from on-premises data centers to cloud colocation centers. The REIT has fewer hyperscale centers than its competitors but is focusing on growing its larger-scale AI capabilities. It continues to expand through M&A, joint ventures, and new development projects while also recycling capital through asset sales. DLR begins 2026 with over 300 data centers in 25 countries and over 55 global metro areas. About 110 centers are in the Americas. Current global capacity is about 3GW. Total operating revenues in 2025 topped $6.1 billion. The REIT faces high utility costs, with utility expenses about one-quarter of revenues. Recent acquisitions have included data center companies in Europe, Israel, and Africa. The company is based in Austin, Texas. The shares are a component of the S&P 500, and DLR's market cap is $70 billion.

The major stock indices are flat to lower at midday on Monday. Five of the Mag7 report earnings this week and the Fed has a rate meeting, at which no change is expected. The news out of Iran is that there is no news, which means the duration and impact from the war remains an uncertainty. Crude oil is up 3% at $97 per barrel. The yield on the 10-year note is at 4.33%. The VIX volatility index is at 19.

Digital Realty is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and large businesses. Digital Realty operates 300 properties in 57 metropolitan areas across 31 countries, serving 5,000 customers. Renting physical space accounts for about 90% of Digital Realty’s revenue. The firm enables hyperscalers and other clients to store servers, data, and networking equipment. The other 10% of revenue is generated primarily through interconnection services (8%) and other fee income (2%).