Digital Realty Trust (DLR) Revenue — Quarter Ended Jun 30, 2023
Revenue rose in the June quarter, driven by a combination of higher rental income and gains from property sales. The increase continues a multi-quarter upward trend in reported revenue.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue rose in the June quarter, driven by a combination of higher rental income and gains from property sales. The increase continues a multi-quarter upward trend in reported revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+2.1%
Change from the immediately preceding quarter.
Year-over-year
+19.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $1.2B | +5.2% |
| Dec 31, 2022 | $1.2B | +11.0% |
| Mar 31, 2023 | $1.3B | +18.8% |
| Jun 30, 2023 | $1.4B | +19.9% |
Revenue performance
Reported revenue for the quarter was higher than the preceding quarter and significantly above the same quarter one year earlier. The year-over-year growth rate remained strong, consistent with the trend shown over recent quarters.
Quarterly comparison
Compared to the prior quarter, revenue increased modestly, building on the sequential gains seen in earlier periods. On a year-over-year basis, revenue was substantially higher, reflecting continued expansion in the business.
What to watch
The filing context notes the sale of a non-core data center property and equity issuance under an ATM program, but does not quantify their impact on reported revenue.