Data Center REIT
Austin-based data center real estate investment trust operating cloud- and carrier-neutral colocation and interconnection facilities globally. Structured as a REIT, not a cloud provider. Digital Realty owns and leases the physical infrastructure that hyperscalers, enterprises, and networks operate within. The PlatformDIGITAL interconnection ecosystem spans more than 50 metros on six continents.
Data Center Footprint
As of December 31, 2025, Digital Realty owned 310 data centers, including 89 held as investments in unconsolidated entities. Current portfolio capacity stands at 2.7 GW of power. The company's land bank can support nearly 4 GW of additional development. The Americas portfolio covers 22 metros including Atlanta, Austin, Chicago, Dallas, Los Angeles, Miami, and New York.
The EMEA portfolio spans 26 metros including Amsterdam, Dublin, Frankfurt, London, Madrid, and Paris. Digital Realty expanded into Portugal and Bulgaria in early March 2026. Asia Pacific operations cover 9 metros including Hong Kong, Seoul, Singapore, Sydney, and Tokyo.
REIT Structure and Capital Strategy
Digital Realty is structured as a real estate investment trust, which requires it to distribute at least 90% of taxable income to shareholders as dividends. This structure limits retained capital for development and drives the company toward joint ventures and third-party partnerships for large buildouts. The December 2023 Blackstone JV, valued at $7 billion, is the clearest example of this model at scale.
The company operates the PlatformDIGITAL interconnection platform, which connects customers across its global portfolio to cloud providers, network carriers, and enterprise tenants. Interconnection revenue is a key differentiator from pure-play wholesale data center operators.
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