Digital Realty Trust, IncNYSE: DLR
Real Estate · Data Center REITs
$200.91
-0.01%
Vol: 874K
Research Digest
Friday, May 1, 2026
Digital Realty beats Q1 with record AI leasing; raises 2026 guidance 9%, multiple analyst PT upgrades to $222-$230.
Digital Realty beat Q1 estimates with core FFO $2.04 per share and posted record AI-driven leasing activity. Raised 2026 core FFO guidance by 9% at midpoint. UBS raised PT to $227 from $225, JPMorgan to $230 from $210, Scotiabank to $222 from $195, all Buy. DLR operates 309 data centers with 1.2 GW under construction and $1.8B backlog supporting visibility through 2028. Expanding AI-focused capacity in Asia with new facilities in Japan and Singapore.
Previous Market Intelligence
13 daysApr 30Digital Realty Q1 2026 revenue $1.64B exceeds forecast; FY guidance raised; Citizens PT raised to $250.Positive▶
Digital Realty Trust reported Q1 2026 revenue of $1.64B exceeding $1.6B forecast, with record $1.8B backlog. Core FFO was $2.04 vs consensus $1.94. The company raised FY26 guidance to $6.65-$6.75B revenue and $2.65-$2.75 net income per diluted share. Citizens raised price target to $250 from $220, citing strong incremental demand from small- and large-scale customers. The company is expanding AI-focused capabilities in Asia with new data centers in Japan and Singapore. Consensus Buy from 22 analysts; stock at $194.56.
Apr 16Digital Realty invests €2B in Italian data centers, $5.5B targeted in SingaporePositive▶
Digital Realty announced €2 billion ($2.3B) five-year investment in Italy with Rome (62 MW, 2027 opening) and Milan (84 MW) facilities. Company also targets $5.5B investment in Singapore for AI infrastructure expansion. Opened NRT14 data center in Japan (100 MW+ total NRT capacity) with liquid- and air-cooling for high-density AI workloads. Q4 2025 core FFO $1.86/share beat $1.58 consensus. Record $1.4B annualized rent backlog provides 2027 forward visibility. Stock +27% YTD. Analyst consensus Buy with $196.32 price target (+7.89% upside).
Apr 15Major global expansion: $2.3B Italy investment, $5.5B Singapore AI bet; Q1 earnings April 23.Positive▶
Digital Realty announced EUR 2 billion ($2.3B) for data centers in Rome and Milan, and nearly 7 billion Singapore dollars ($5.5B) for Singapore expansion focused on AI infrastructure. The company opened NRT14 data center in Japan. Cantor Fitzgerald initiated coverage with Overweight rating and $211 price target. Q1 earnings scheduled April 23. Consensus Buy from 21 analysts with $196.35 average target.
Apr 14Digital Realty announces nearly S$7 billion Singapore investment and opens Japan Innovation Lab for AI infrastructure.Positive▶
Digital Realty announced targeting nearly S$7 billion total investment in Singapore for data center development. Opened first Asia Pacific Innovation Lab at NRT12 in Tokyo (joint venture with Mitsubishi Corporation). Plans Singapore DRIL launch in H2 2026. Workforce growing to 400 by 2030. Q1 2026 earnings after market close April 23. Strong Buy consensus from 19 analysts.
Apr 13Digital Realty targets $5.5B Singapore investment for AI infrastructure; analyst upgrade to Overweight, Q1 earnings April 23.Positive▶
Digital Realty announced a $5.5 billion investment commitment in Singapore for AI infrastructure development. Cantor Fitzgerald initiated coverage with Overweight rating and $211 price target. The company recently closed a $3.25 billion U.S. Hyperscale Data Center Fund and opened its third Japan facility. Q1 earnings reported April 23. Stock up 16.6% over 90 days.
Apr 10Digital Realty announces S$7 billion Singapore investment and opens first Asia Pacific innovation lab in Tokyo.Positive▶
Digital Realty announced on April 9 a commitment of nearly S$7 billion in total investment in Singapore, with S$4.3 billion planned for new data center developments. The company opened its first Digital Realty Innovation Lab in Asia Pacific at the NRT12 data center in Tokyo on April 8. Also opened the NRT14 data center in Japan featuring high-power hybrid liquid and air cooling for next-generation GPUs. Q1 2026 earnings scheduled for April 23.
Apr 9Digital Realty hits 52-week high amid AI-driven data center demandPositive▶
Digital Realty hit a 52-week high of $186.11, driven by strong demand for AI and cloud infrastructure. The company announced the final close of $3.25 billion U.S. Hyperscale Data Center Fund and is expanding into Milan with new AI/hybrid cloud capabilities. 2025 revenue grew 11.88% to $6.08 billion with earnings up 125.69% to $1.27 billion. Truist Securities initiated coverage with a Buy rating and $207 price target. Analyst consensus: Buy with $196.35 target (+7.89% upside).
Apr 8Digital Realty Closes $3.25B Hyperscale Fund; Expands to ItalyPositive▶
Digital Realty announced final close of inaugural $3.25B U.S. hyperscale fund and expanded to Rome/Milan. Q4 EPS of $1.86 beat estimates; 21 analysts rate Buy with $196.35 target.
Apr 7Digital Realty schedules Q1 2026 earnings for April 23 with 8% Core FFO growth guidancePositive▶
Digital Realty announced Q1 2026 earnings release for April 23, 2026. Company closed $3.25 billion hyperscale data center fund. Q4 2025 showed Core FFO up 8% YoY to $1.86. 2026 guidance: Core FFO $7.90-$8.00 (8% growth), revenue $6.6-$6.7B (10%+ growth). AI demand driving strength with 15.8% three-month stock increase.
Apr 6Digital Realty closes $3.25B hyperscale data center fund and expands to Milan market.Positive▶
Digital Realty Trust closed its inaugural U.S. hyperscale data center fund with $3.25B in equity commitments to build and own hyperscale assets across major U.S. Tier-1 metros, significantly increasing funding capacity for growth. The company announced entry into Portugal and Milan, acquiring two land parcels near key subsea and fiber routes for a new data center campus. Stock has delivered 15.8% increase over three months driven by strong data center demand. Truist initiated Buy coverage with $207 price target. Q1 2026 earnings scheduled for April 23.
Apr 3Digital Realty closes $3.25 billion hyperscale data center fund; Q1 2026 earnings scheduled for April 23.Positive▶
Digital Realty announced final close of its inaugural U.S. hyperscale data center fund with $3.25 billion in equity commitments. The Fund targets ownership and development across major U.S. Tier I metros including Northern Virginia, Santa Clara, Dallas, Atlanta. DLR retains 20% stake. 2025 revenue reached $6.08 billion (11.88% increase). Stock gained 15.8% over three months.
Apr 2Digital Realty stock up 15.8% on data center demand; Q1 earnings April 23Positive▶
Digital Realty stock gained 15.8% in recent months on strong data center demand; Q1 earnings scheduled for April 23, 2026.
Apr 1Digital Realty closes inaugural $3.25 billion U.S. hyperscale data center fund; Q1 2026 earnings April 23.Positive▶
Digital Realty closed its inaugural U.S. hyperscale data center fund with $3.25 billion in equity commitments. Full-year 2025 revenue was $6.08 billion, up 11.88% YoY. Truist initiated coverage with Buy rating and $207 PT. Consensus Buy with PT of $195.28.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| EQIXEQUINIX | $1,082.36 | -0.04% | +6.6% | 49.5x | 1.00 | $106.8B |
| DLRDIGITAL | $200.91 | -0.01% | +10.4% | 64.6x | 1.09 | $71.4B |
| WELLWELLTOWER | $217.35 | +0.00% | +8.2% | 66.1x | — | $153.2B |
| PLDPROLOGIS | $141.40 | -0.43% | +7.3% | 41.8x | 1.41 | $132.4B |
| AMTAMERICAN | $181.72 | -0.54% | +3.7% | 26.4x | 0.93 | $85.1B |
| SPGSIMON | $202.41 | -0.64% | +7.1% | 29.5x | 1.40 | $77.5B |
Key Fundamentals
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Price above both MAs — bullish structure.