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| Date | Value |
|---|---|
| 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 |