HighGravityDataDigital Realty — Oct 23, 2025 release
Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-25-101827
Showing in the filing
Core Funds From Operations / share
“$7.32 - $7.38”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 22
Core FFO per share outlook for FY2025
“$7.32 - $7.38”
Core Funds From Operations / share for FY2025
“$7.32 - $7.38”
Constant-Currency Core FFO per share outlook for FY2025
“$7.25 - $7.30”
Constant-Currency Core Funds From Operations… for FY2025
“$7.25 - $7.30”
Total revenue for FY2025
“$5.800 - $5.900 billion”
Net non-cash rent adjustments (1) for FY2025
“($45 - $50 million)”
Adjusted EBITDA for FY2025
“$3.100 - $3.200 billion”
Rental rates on renewal leases - Cash basis for FY2025
“5.75% - 6.25%”
Rental rates on renewal leases - GAAP basis for FY2025
“7.75% - 8.25%”
Year-end portfolio occupancy for FY2025
“+100 - 200 bps”
"Same-Capital" cash NOI growth for FY2025
“4.25% - 4.75%”
U.S. Dollar / Pound Sterling for FY2025
“$1.30 - $1.35”
U.S. Dollar / Euro for FY2025
“$1.13 - $1.18”
Dispositions / Joint Venture Capital - Dolla… for FY2025
“$700 - $1,000 million”
Dispositions / Joint Venture Capital - Cap r… for FY2025
“0.0% - 10.0%”
Development CapEx (Net of Partner Contributi… for FY2025
“$3,000 - $3,500 million”
Average stabilized yields for FY2025
“10.0%+”
Enhancements and other non-recurring CapEx for FY2025
“$30 - $35 million”
Recurring CapEx + capitalized leasing costs for FY2025
“$300 - $320 million”
Long-term debt issuance - Pricing for the long term
“~4.0%”
Net income per diluted share for FY2025
“$3.57 - $3.62”
Funds From Operations / share (NAREIT-Defined) for FY2025
“$6.77 - $6.82”
Exhibit 99.1 · the passage around this item
… earlier in the release
Highlights ◾ Reported net income available to common stockholders of $0.15 per share in 3Q25, compared to $0.09 in 3Q24 ◾ Reported FFO per share of $1.65 in 3Q25, compared to $1.55 in 3Q24 ◾ Reported Core FFO per share of $1.89 in 3Q25, compared to $1.67 in 3Q24; reported Constant-Currency Core FFO per share of $1.85 in 3Q25 ◾ Reported rental rate increases on renewal leases of 8.0% on a cash basis in 3Q25 ◾ Signed total bookings during 3Q25 that are expected to generate $201 million of annualized GAAP rental revenue at 100% share ; at Digital Realty ’ s share, total bookings were $162 million, including an $85 million contribution from the 0 - 1 megawatt plus interconnection category ◾ Reported a backlog of $852 million of annualized GAAP base rent at the end of 3Q25 ◾ Raised 2025 Core FFO per share outlook to $7.32 - $7.38 and Constant-Currency Core FFO per share outlook to $7.25 - $7.30 Financial Results Digital Realty reported revenues of $1.6 billion in the third quarter of 2025, a 6% increase from the previous quarter and a 10% increase from the same quarter last year. The company delivered net income of $64 million in the third quarter of 2025, as well as net income available to common stockholders of $58 million and $0.15 per share, compared to $2.94 per share in the previous quarter and $0.09 per share in the same quarter last year. Digital Realty generated Adjusted EBITDA of $868 million in the third quarter of 2025, a 5% increase from the previous quarter and a 14% increase over the same quarter last year. The company reported Funds From Operations (FFO) of $570 million in the third quarter of 2025, or $1.65 per share, compared to $1.75 per share in the previous quarter and $1.55 per share in the same quarter last year. Excluding certain items that do not represent core expenses or revenue streams, Digital Realty delivered Core FFO per share of $1.89 in the third quarter of 2025, compared to $1.87 per share in the previous quarter and $1.67 per share in the same quarter last year. Digital
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.