KPIs & Operating Metrics(New)
Growth Metrics

Digital Realty Trust (DLR) Rent Expense (2018 - 2026)

Digital Realty Trust's quarterly Rent Expense came in at $638.5 million in Q1 2026, up 15.67% year-on-year from $552.0 million in Q1 2025, and down 8.01% quarter-over-quarter from $694.1 million in Q4 2025.

Digital Realty Trust has reported Rent Expense for 9 years, with the latest figure at $638.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Rent Expense rose 15.67% year-over-year to $638.5 million; the trailing twelve-month figure through Mar 2026 stood at $2.6 billion (up 11.72% YoY), and the FY2025 full-year result was $2.5 billion, up 8.14% from the prior year.
  • Rent Expense for Q1 2026 stood at $638.5 million, down from $694.1 million in the prior quarter.
  • The five-year high for Rent Expense was $694.1 million in Q4 2025, with the low at $421.5 million in Q2 2022.
  • Average Rent Expense over 5 years is $568.9 million, with a median of $599.7 million recorded in 2023.
  • Year-over-year, Rent Expense jumped 42.28% in 2023 and declined 7.8% in 2024.
  • Tracing DLR's Rent Expense over 5 years: stood at $491.0 million in 2022, then climbed by 22.85% to $603.2 million in 2023, then increased by 1.23% to $610.6 million in 2024, then rose by 13.67% to $694.1 million in 2025, then slipped by 8.01% to $638.5 million in 2026.
  • The last three Rent Expense figures came in at $638.5 million (Q1 2026), $694.1 million (Q4 2025), and $653.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Rental Exp. (Qtr)
1 Equinix 106.10 Bn 103.07 Bn 2.20 Bn -
2 American Tower 85.70 Bn 92.20 Bn 2.70 Bn -
3 Digital Realty Trust 67.00 Bn 66.16 Bn - 638.50 Mn
4 Crown Castle 40.17 Bn 40.12 Bn 984.00 Mn -
5 Iron Mountain 37.80 Bn 37.83 Bn 1.05 Bn -
6 Sba Communications 21.99 Bn 22.08 Bn 532.10 Mn -
7 Weyerhaeuser 16.98 Bn 16.68 Bn 318.00 Mn -
8 Lamar Advertising 15.51 Bn 15.46 Bn 403.56 Mn -
9 Gaming & Leisure Properties 13.46 Bn 13.86 Bn - -
10 OUTFRONT Media 5.85 Bn 5.81 Bn 202.10 Mn -

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 638.50 Mn
Mar 31, 2026 638.50 Mn
Dec 31, 2025 694.13 Mn
Dec 31, 2025 694.13 Mn
Sep 30, 2025 653.92 Mn
Sep 30, 2025 653.92 Mn
Jun 30, 2025 607.01 Mn
Jun 30, 2025 607.01 Mn
Mar 31, 2025 551.99 Mn
Mar 31, 2025 551.99 Mn
Dec 31, 2024 610.64 Mn
Dec 31, 2024 610.64 Mn
Sep 30, 2024 605.86 Mn
Sep 30, 2024 605.86 Mn
Jun 30, 2024 552.90 Mn
Jun 30, 2024 552.90 Mn
Mar 31, 2024 548.94 Mn
Mar 31, 2024 548.94 Mn
Dec 31, 2023 603.20 Mn
Dec 31, 2023 603.20 Mn
Sep 30, 2023 607.54 Mn
Sep 30, 2023 607.54 Mn
Jun 30, 2023 599.70 Mn
Jun 30, 2023 599.70 Mn
Mar 31, 2023 571.23 Mn
Mar 31, 2023 571.23 Mn
Dec 31, 2022 490.99 Mn
Dec 31, 2022 490.99 Mn
Sep 30, 2022 477.73 Mn
Sep 30, 2022 477.73 Mn
Jun 30, 2022 421.50 Mn
Jun 30, 2022 421.50 Mn
Mar 31, 2022 435.59 Mn
Mar 31, 2022 435.59 Mn
Dec 31, 2021 419.18 Mn
Dec 31, 2021 419.18 Mn
Sep 30, 2021 406.33 Mn
Sep 30, 2021 406.33 Mn
Jun 30, 2021 383.22 Mn
Jun 30, 2021 383.22 Mn
Mar 31, 2021 361.78 Mn
Mar 31, 2021 361.78 Mn
Dec 31, 2020 374.46 Mn
Dec 31, 2020 374.46 Mn
Sep 30, 2020 358.68 Mn
Sep 30, 2020 358.68 Mn
Jun 30, 2020 332.65 Mn
Jun 30, 2020 332.65 Mn
Mar 31, 2020 265.71 Mn
Mar 31, 2020 265.71 Mn
Dec 31, 2019 254.16 Mn
Dec 31, 2019 254.16 Mn
Sep 30, 2019 259.43 Mn
Sep 30, 2019 259.43 Mn
Jun 30, 2019 252.03 Mn
Jun 30, 2019 252.03 Mn
Mar 31, 2019 254.95 Mn
Mar 31, 2019 254.95 Mn
Dec 31, 2018 255.13 Mn
Dec 31, 2018 255.13 Mn
Sep 30, 2018 245.97 Mn
Sep 30, 2018 245.97 Mn
Jun 30, 2018 230.32 Mn
Jun 30, 2018 230.32 Mn
Mar 31, 2018 225.64 Mn
Mar 31, 2018 225.64 Mn