Digital Realty Trust (DLR) Revenue — Quarter Ended Sep 30, 2024
Revenue increased compared to both the prior quarter and the same quarter last year. The sequential and year-over-year gains reflect higher rental rates from renewed and new leases.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased compared to both the prior quarter and the same quarter last year. The sequential and year-over-year gains reflect higher rental rates from renewed and new leases.
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
+5.5%
Change from the immediately preceding quarter.
Year-over-year
+2.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
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 |
|---|---|---|
| Dec 31, 2023 | $1.4B | +11.1% |
| Mar 31, 2024 | $1.3B | -0.6% |
| Jun 30, 2024 | $1.4B | -0.7% |
| Sep 30, 2024 | $1.4B | +2.1% |
Revenue performance
The reported revenue rose from the immediately preceding quarter. On an annual basis, revenue also exceeded the figure from one year earlier.
Quarterly comparison
Sequentially, revenue moved higher after a slight decline in the prior period. Compared with the same quarter one year ago, the increase was more moderate but still positive.
What to watch
Leasing activity data for the nine-month period shows higher renewal rental rates, particularly for larger power leases, which may support future revenue.