Investor Relations
Head of Investor Relations
Replay available
Digital Realty Trust, Inc. (DLR) Q4 2025 Earnings Call
Digital Realty Trust, Inc. (NYSE: DLR) Q4 2025 earnings conference call, held 2026-02-05. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Andy Power
President and CEO
Matt Merceder
CFO
Eric Luchow
Analyst, Wells Fargo
Michael Siafina
Analyst, Citi
Timothy Horan
Analyst, Oppenheimer
Richard Cho
Analyst, J.P. Morgan
Irvin Liu
Analyst, Evercore ISI
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Digital Realty Trust, Inc..
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:03.736 Forward-looking statements are based on expectations that involve risks and uncertainties 00:00:03.736 -- 00:00:06.860 that could cause actual results to differ materially. 00:00:06.860 -- 00:00:11.326 For further discussion of risks related to our business, see our 10-K and subsequent 00:00:11.326 -- 00:00:13.809 filings with the SEC. 00:00:13.809 -- 00:00:17.615 This call will contain certain non-GAAP financial information. 00:00:17.615 -- 00:00:22.080 Reconciliations to the most directly comparable GAAP measure are included in the supplemental 00:00:22.080 -- 00:00:25.985 package furnished to the SEC and available on our website. 00:00:25.985 -- 00:00:30.353 Before I turn the call over to Andy, let me offer a few key takeaways from our fourth 00:00:30.353 -- 00:00:32.617 quarter results. 00:00:32.617 -- 00:00:38.007 First, we posted $1.86 of core FFO per share in the fourth quarter 00:00:38.007 -- 00:00:40.070 and $7.39 for 00:00:40.070 -- 00:00:45.360 full year 2025, up 10% over 2024. Our 00:00:45.360 -- 00:00:50.384 initial guidance for 2026 implies nearly 8% bottom line per share growth 00:00:50.384 -- 00:00:55.730 at the midpoint, despite outperforming our original 2025 guidance by almost 500 basis 00:00:55.730 -- 00:00:57.573 points. 00:00:57.573 -- 00:01:02.699 Second, we concluded our second consecutive year with more than $1 billion of total bookings 00:01:02.699 -- 00:01:07.926 at 100% share, leaving us with a record backlog of nearly $1.4 billion 00:01:07.926 -- 00:01:13.233 at 100% share. We also posted another record quarter of 0 to 1 00:01:13.233 -- 00:01:18.481 megawatt plus interconnection bookings, and a record year in 2025, as our team 00:01:18.481 -- 00:01:22.306 demonstrated its resolve to meet our goal to dou...