Digital Realty Trust
DLRQ2 2022(DLR Q1 FY2022)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$521.6M
AI Revenue (Q)
$22.5M
Total Revenue (Q)
$1.1B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
DLR reports total operating revenues of $1,127,322K for Q1 FY2022 (three months ended March 31, 2022), consisting of 'Rental and other services' plus 'Fee income.' DLR does not disclose any AI-specific revenue segment, customer workload breakdown, or AI-related leasing figures in its SEC filings. In early 2022, AI data center demand was still nascent (pre-ChatGPT era). DLR is a data center REIT whose revenue is rental income from long-term leases. While some hyperscaler tenants may have used DLR facilities for early AI workloads, the vast majority of the installed base served traditional enterprise IT, cloud hosting, and content delivery. Conservatively estimating ~2% of revenue was attributable to AI-purposed leases. Math: $1,127,322K x 2.0% = ~$22,546K estimated AI-attributable revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Total operating revenues $1,127,322 (three months ended March 31, 2022)
10-Q filed for period ending June 30, 2022 (comparative column)
The Internet of Things, 5G, autonomous vehicles and artificial intelligence, among other technological advancements, are driving this digital transformation.
10-K for fiscal year ending December 31, 2022, Item 1 Business
AI Products Identified (Ring 1)
High-density data center leases for AI/ML training clustersHyperscaler colocation for GPU deployments
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Enterprise colocation and interconnectionTraditional cloud hosting leasesContent delivery and network hub facilities
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix