Digital Realty

Digital Realty commands a $45B market cap with 300+ data centers across 25 countries, serving 5,000+ customers including major hyperscalers. It is 35% larger than the average data center REIT by capacity, and its 2024 leasing volumes hit a record 450 megawatts—a 60% jump over 2023 levels—fueled by AI compute demand. This outperforms #7 Public Storage's 6.5% revenue growth, as Digital Realty's hyperscaler contracts grew 22% year-over-year. With AI workloads requiring 3x more power than traditional cloud, its 200+ megawatts of new developments under construction are poised to deliver a 18% annualized return.