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Digital Realty: 3 Key Takeaways for Long-Term Investors

Record contracted backlog of $1.8 billion at the company's share secures multiyear revenue visibility through 2028.

Digital Realty reported record quarterly leasing bookings and raised its full-year guidance for core funds from operations in its third-quarter 2026 earnings call. Enterprise demand for artificial intelligence infrastructure is driving multiyear revenue visibility across global markets, with the company's pricing power accelerating its organic growth.

Key takeaways include enterprise demand for data center deployments under one megawatt expanding at a record pace, a record backlog providing clear financial visibility into 2028, and partnering with private institutional investors to fund massive hyperscale facilities without dilutive shares or over-leveraging its balance sheet.

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