HighGravityDataDigital Realty — Jul 24, 2025 release
Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001558370-25-009543
Showing in the filing
Core Funds From Operations / share
“$7.15 - $7.25”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 22
Core FFO per share outlook for FY2025
“$7.15 - $7.25”
Core Funds From Operations / share for FY2025
“$7.15 - $7.25”
Constant-Currency Core FFO per share outlook for FY2025
“$7.10 - $7.20”
Constant-Currency Core Funds From Operations… for FY2025
“$7.10 - $7.20”
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
“4.0% - 6.0%”
Rental rates on renewal leases - GAAP basis for FY2025
“6.0% - 8.0%”
Year-end portfolio occupancy for FY2025
“+100 - 200 bps”
"Same-Capital" cash NOI growth for FY2025
“3.5% - 4.5%”
U.S. Dollar / Pound Sterling for FY2025
“$1.30 - $1.35”
U.S. Dollar / Euro for FY2025
“$1.10 - $1.15”
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”
Development - 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
“$320 - $335 million”
Long-term debt issuance - Pricing for the long term
“~4.0%”
Net income per diluted share for FY2025
“$3.45 - $3.55”
Funds From Operations / share (NAREIT-Defined) for FY2025
“$6.70 - $6.80”
Exhibit 99.1 · the passage around this item
… earlier in the release
Highlights ◾ Reported net income available to common stockholders of $2.94 per share in 2Q25, compared to $0.20 in 2Q24 ◾ Reported FFO per share of $1.75 in 2Q25, compared to $1.57 in 2Q24 ◾ Reported Core FFO per share of $1.87 in 2Q25, compared to $1.65 in 2Q24 ◾ Reported Constant-Currency Core FFO per share of $1.84 in 2Q25 ◾ Reported rental rate increases on renewal leases of 7.3% on a cash basis in 2Q25 ◾ Signed total bookings during 2Q25 that are expected to generate $177 million of annualized GAAP rental revenue at 100% share; at Digital Realty ’ s share total bookings were $135 million , including a $90 million contribution from the 0 – 1 megawatt plus interconnection category ◾ Reported backlog of $826 million of annualized GAAP base rent at the end of 2Q25 ◾ Raised 2025 Core FFO per share outlook to $7.15 - $7.25 and 2025 Constant-Currency Core FFO per share outlook to $7.10 - $7.20 Financial Results Digital Realty reported revenues of $1.49 billion in the second 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 $1.05 billion in the second quarter of 2025, as well as net income available to common stockholders of $1.02 billion and $2.94 per share, compared to $0.27 per share in the previous quarter and $0.20 per share in the same quarter last year. Digital Realty generated Adjusted EBITDA of $823 million in the second quarter of 2025, a 4% increase from the previous quarter and a 13% increase over the same quarter last year. The company reported Funds From Operations (FFO) of $600 million in the second quarter of 2025, or $1.75 per share, compared to $1.67 per share in the previous quarter and $1.57 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 $1.87 in the second quarter of 2025, compared to $1.77 per share in the previous quarter and $1.65 per share in the same quarter las
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.