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Digital Realty to Post Q3 Earnings: What to Expect From the Stock?

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Key Takeaways

  • Digital Realty expects Q3 2025 revenues of $1.52B, up 6.4% year over year.
  • Rental revenues are estimated at $1.03B, marking 7.7% annual growth.
  • AI-driven demand and 5,000 clients support steady leasing and revenue growth.

Digital Realty Trust (DLR - Free Report) is slated to report third-quarter 2025 results on Oct. 23, after the closing bell. The quarterly results are expected to reflect year-over-year growth in both revenues and funds from operations (FFO) per share.

This Austin, TX-based data center real estate investment trust (REIT) reported a core FFO per share of $1.87 in the prior quarter, surpassing the Zacks Consensus Estimate of $1.74. Results reflected steady leasing momentum with better rental rates amid rising demand.

Over the trailing four quarters, Digital Realty’s core FFO per share surpassed the Zacks Consensus Estimate on three occasions and met once, with the average beat being 2.89%. This is depicted in the chart below:

Digital Realty Trust, Inc. Price and EPS Surprise

Digital Realty Trust, Inc. Price and EPS Surprise

Digital Realty Trust, Inc. price-eps-surprise | Digital Realty Trust, Inc. Quote

Factors at Play and Projections for DLR

With the growing usage of cloud computing, Internet of Things, Big Data and the proliferation of Artificial Intelligence (AI), the prevalence of data centers is becoming ubiquitous. In effect, Digital Realty, with its unmatched global footprint of data centers, is experiencing healthy leasing activity momentum, aiding its revenue growth in the to-be-reported quarter.

Moreover, DLR’s continuous efforts to provide the required infrastructure to fast-track the adoption of AI across businesses to improve their performance through innovations go a long way to secure strategic partnerships with newer clients and aid its leasing activity. The company is poised for growth with more than 5,000 global customers and growing. Its tenant roster includes names like IBM, Oracle, LinkedIn, Meta Platforms, Comcast and other additions.This is anticipated to have aided stable revenue generation for DLR during the to-be-reported quarter, driving its top line.

For the third quarter, the Zacks Consensus Estimate for rental revenues is pegged at $1.03 billion, up 7.7% from $956.4 million reported in the year-ago quarter. The Zacks Consensus Estimate for interconnection & other revenues currently stands at $122.2 million, indicating a projected increase of 8.4% from the year-ago quarter.

The consensus estimate for quarterly total revenues is pegged at $1.52 billion, suggesting a year-over-year increase of 6.4%.

Digital Realty’s activities in the to-be-reported quarter were inadequate to garner analysts’ confidence. The Zacks Consensus Estimate for the company’s quarterly FFO per share has remained unchanged at $1.78 over the past three months. However, the figure indicates year-over-year growth of 6.6%.

What Our Quantitative Model Predicts for DLR

Our proven model does not conclusively predict a surprise in terms of FFO per share for Digital Realty this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an FFO beat, which is not the case here.

Digital Realty currently has an Earnings ESP of -1.05% and carries a Zacks Rank of 2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks That Warrant a Look

Here are two stocks from the broader REIT sector — Ventas (VTR - Free Report) and Extra Space Storage (EXR - Free Report) — you may want to consider, as our model shows that these have the right combination of elements to report a surprise this quarter.

Ventas, scheduled to report quarterly numbers on Oct. 29, has an Earnings ESP of +0.84% and carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Extra Space Storage, slated to release quarterly numbers on Oct. 29, has an Earnings ESP of +0.23% and carries a Zacks Rank of 3 at present.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.


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