Digital Realty Trust (DLR) Revenue — Quarter Ended Dec 31, 2024
Revenue grew during the quarter, driven by increased leasing activity. The company saw higher rental rates on renewals and new leases.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue grew during the quarter, driven by increased leasing activity. The company saw higher rental rates on renewals 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
+0.3%
Change from the immediately preceding quarter.
Year-over-year
+4.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
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 |
|---|---|---|
| Mar 31, 2024 | $1.3B | -0.6% |
| Jun 30, 2024 | $1.4B | -0.7% |
| Sep 30, 2024 | $1.4B | +2.1% |
| Dec 31, 2024 | $1.4B | +4.8% |
Revenue performance
Revenue increased compared to both the prior quarter and the same quarter a year ago.
Quarterly comparison
Sequentially, revenue was modestly higher. Year over year, revenue showed a more pronounced increase.
What to watch
Monitor lease expirations and renewal rate trends, as they impact future revenue.