StockWatch
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Real Estate Investment Trusts
Quarterly ResultJul 31, 2026, 05:27 PM

Digital Realty Q2 Revenue +28.8%; Completes Major Acquisitions

AI Summary

Digital Realty Trust, Inc. reported increased operating revenues for the second quarter and first half of 2026, reaching $1.92 billion and $3.56 billion respectively. However, net income and EPS decreased significantly compared to the prior year, primarily due to a substantial gain on property dispositions in 2025 that was not repeated in 2026. The company also completed significant acquisition activities, including the acquisition of Blackstone joint venture interests and the Astra acquisition, reflected in over $2.17 billion in cash paid for business combinations and asset acquisitions during the first six months of 2026.

Key Highlights

  • Cash paid for business combinations/acquisitions totaled $2.17 billion in H1 2026.
  • Q2 2026 total operating revenues increased 28.8% to $1.92 billion.
  • H1 2026 total operating revenues increased 22.7% to $3.56 billion.
  • Q2 2026 basic EPS was $1.25, down from $3.03 in Q2 2025.
  • H1 2026 basic EPS was $1.75, down from $3.33 in H1 2025.
  • Net cash provided by operating activities rose to $1.60 billion in H1 2026.
  • Investments in properties, net, grew to $32.86 billion by June 30, 2026.