Patterson Mark R sold $39K of DLR

Digital Realty (DLR) launched ServiceFabric MCP, software enabling AI agents to manage network connections across its data centers. Q2 Core FFO per share rose to $2.13 from $1.87 YoY. The company reported strong lease renewals and a $1.9B backlog. However, MCP's revenue impact is unclear, and DLR carries $18.6B in debt with rising development costs.

Anthropic CEO Dario Amodei's call to slow AI development has led to market repricing, affecting AI infrastructure stocks. Companies like CoreWeave, Lumentum, and NVIDIA are exposed to potential slowdowns, with some stocks down significantly. Bernstein notes that frontier labs account for over half of cloud commitments, and a slowdown could impact data centers and chipmakers. Tier 1 data center operators like Equinix and Digital Realty may benefit. Q3 earnings from major tech companies will be cr

Emerald AI secured $150M in funding, with NVIDIA (NVDA) and Digital Realty (DLR) involved in a project to optimize AI infrastructure within power grid limits. The project, a 100MW research factory in Virginia, is expected online later this year. Success depends on balancing grid response and computing performance. NVDA's software and DLR's facilities aim to support customer demand and operational efficiency, respectively.

Digital Realty is investing $80 million in a new data center in Nairobi, Kenya, adding 6.4 megawatts of capacity. The NBO2 facility expands the company's presence in East Africa, serving enterprises and cloud providers. The investment reflects growing demand for digital infrastructure in the region, driven by cloud adoption and AI workloads.

Digital Realty Trust (DLR) reported $707M in annualized GAAP base rent bookings for Q1 2026, with a record $1.9B backlog. Equinix (EQIX) saw 16.4% revenue growth and raised AFFO guidance. Iron Mountain (IRM) grew revenue by 39% YoY, driven by data center leasing. All three REITs are benefiting from AI-driven data center demand.

Digital Realty (DLR) is acquiring a 40-acre office campus in Rolling Meadows, Illinois, for $81.5 million. The seller, Brennan Investment Group, bought the property out of foreclosure in 2023 for $27 million. This deal follows Digital Realty's $90 million purchase of the Hawthorne Race Course property in Stickney, Illinois. Both acquisitions highlight the company's expansion in the Chicago area, though local pushback may pose challenges.