Digital Realty Trust (DLR) Boosts Revenue Forecast Following Strong Q3 Results and Record Re-Leasing Gains

Digital Realty Trust, Inc. (NYSE:DLR) ranks among the best sustainability stocks to invest in. Freedom Capital Markets maintained its Buy rating on Digital Realty Trust, Inc. (NYSE:DLR) and increased its price objective from $198 to $205 on October 27 following the company’s third-quarter 2025 results. For the third consecutive quarter, the data center REIT upped its full-year projection after outperforming consensus estimates.

In the reported quarter, Digital Realty Trust’s signed total bookings were expected to generate $201 million in annual GAAP rental revenues at its share, with a $65 million contribution from the 0-1 megawatt category and a $20 million gain from interconnection.

The company upgraded its projection in response to this performance, now projecting between $6.03 billion and $6.08 billion in revenue and between $3.57 and $3.62 in net income per diluted share in 2025.

Digital Realty Trust, Inc. (NYSE:DLR) also recorded a record 19.9% cash re-leasing gap in the more than 1 megawatt segment, underscoring tight dynamics in the company’s key markets. According to Freedom Capital, the company’s near-record backlog of $852 million gives immense insight into 2026 revenue potential.

Digital Realty Trust, Inc. (NYSE:DLR) is a real estate investment trust that invests in carrier-neutral data centers and offers colocation and peering services. It specializes in the ownership, acquisition, development, and administration of technology-related real estate.

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Disclosure: None. This article is originally published at Insider Monkey.