Patterson Mark R sold $39K of DLR

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.

Mizuho maintains Outperform ratings on Equinix (EQIX) with a $1,275 price target and Digital Realty (DLR) with a $223 price target, citing potential gains of 22% and 20% respectively. The firm notes growing state and community opposition to data center construction due to concerns over electricity, water use, and environmental impacts. Mizuho believes under-construction projects are less at risk, but land banks may face some uncertainty.

In August 2026, global data center investments surged, driven by AI, cloud, and high-performance computing demands. Key projects include Zerra DC's AU$31B 2.2GW campus in Australia, Schwarz Group's €5.6B German data center, and Digital Realty's 50MW Singapore expansion. Other notable developments are in India, Brazil, Vietnam, Sweden, and the US, reflecting a race to secure power and land for AI infrastructure.

Digital Realty (DLR) won a 50MW data center allocation in Singapore, part of a 200MW award split among four operators. The facility will focus on AI and high-performance computing, with sustainability requirements. Digital Realty already operates ~84MW in Singapore and plans to expand its infrastructure.

Three US-listed data center companies—Vertiv (VRT), Equinix (EQIX), and Digital Realty (DLR)—raised 2026 guidance due to accelerating AI demand. Vertiv reported Q2 2026 sales of $3.27B, up 24% YoY, and raised full-year sales guidance to ~$14B. Equinix added 9,700 net interconnections in Q2 2026 and raised full-year revenue growth guidance to 11-12%. Digital Realty reported a record $1.9B backlog and a development pipeline of 1.4GW under construction.