Digital Realty
Global provider of carrier-neutral data centers, colocation, and interconnection for AI and cloud.
Updated May 2026
Overview
- Website
- digitalrealty.com
- Founded
- 2004
- Headquarters
- Austin, TX
- Ownership
- Public
- Segment
- Data Center Operators
Product overview
Digital Realty operates the world's largest data center platform with 300+ facilities in 50+ metros across 25+ countries, delivering scalable colocation, interconnection via PlatformDIGITAL®, and high-density support for AI workflows including up to 150kW per cabinet with advanced liquid cooling.. It serves 5,000+ enterprise and service provider customers like NVIDIA for AI factories, emphasizing sustainability, 99.999% uptime, and global reach.. Distinct for its carrier-neutral ecosystem, hyperscale funds, and AI-optimized infrastructure amid booming demand, with record $1.2B bookings in 2025..
Revenue model
REIT generating revenue primarily from colocation (0-1MW, ~$100-450/kW market avg), hyperscale (>1MW leases, ~$120-180/kW/year premiums for AI), interconnection, and tenant reimbursements; Q4 2025 bookings $400M annualized GAAP rental revenue, renewals +6.1% cash spreads, $817M backlog., .
Moat
Digital Realty's key competitive moat is its PlatformDIGITAL®, a global, scalable ecosystem of over 300 carrier-neutral data centers across 50+ metros in 25 countries, enabling seamless hybrid/multi-cloud interconnection, low-latency AI deployments, and high-density power up to 150 kW per cabinet with advanced cooling. This creates high switching costs for large enterprise and hyperscaler tenants—evidenced by industry-low churn (mostly from mergers/bankruptcies), a $852-919 million lease backlog locking in revenue through 2026, and 8-19.9% rental rate increases on renewals—while its massive scale in prime locations like Northern Virginia and Frankfurt erects barriers to entry amid AI-driven demand.
Stack lineage
What powers Digital Realty
- Vertiv Holdings Co
Examples of companies in this space [Colocation] include Digital Realty, Equinix, Compass, and QTS.
What Digital Realty powers
No relationships recorded yet.
Competitors
1 companyNamed as a competitor in their own or this company's SEC filings.
- Equinix
We compete with numerous data center providers globally, including Equinix, Inc. and NTT; various private operators in the U.S.; as well as Global Switch Holdings Limited and various regional operators.