Digital Realty Trust

DLR reports total operating revenues of $1,356,749K for Q2 FY2024 (three months ended June 30, 2024). DLR raised massive equity this quarter ($1.826B from common stock issuance of 13.3M shares) and sold a noncontrolling interest in a property to DCRU (Digital Core REIT) for $52.1M. The scale of equity raises signals aggressive capacity expansion, likely driven by AI demand. DLR also recorded a $168.3M impairment provision, suggesting continued portfolio optimization. However, the filings still contain zero AI-specific revenue disclosure. Revenue is all 'Rental and other services.' Incrementing to 5.5% as AI-driven leases continue to grow as a share of the installed base. Math: $1,356,749K x 5.5% = ~$74,621K estimated AI-attributable revenue.