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Digital Realty Trust (NYSE: DLR)
Q4 2023 Earnings Call
Feb 15, 2024, 5:00 p.m. ET
Key Topics Covered:
- Insights from Leadership
- Engaging Q&A Discussio
- Key Call Participants
Insights from Leadership:
Operator
Good afternoon and welcome to the Digital Realty fourth-quarter 2023 earnings call. Please note, this event is being recorded. [Operator instructions] I would now like to turn the call over to Jordan Sadler, Digital Realty’s senior vice president of public and private investor relations. Jordan, please go ahead.
Jordan Sadler — Senior Vice President, Public and Private Investor Relations
Thank you, operator, and welcome, everyone, to Digital Realty’s fourth-quarter 2023 earnings conference call. Joining me on today’s call are president and CEO, Andy Power; and CFO, Matt Mercier. Chief investment officer, Greg Wright; chief technology officer, Chris Sharp; and chief revenue officer, Colin McLean, are also on the call and will be available for Q&A. Management will be making forward-looking statements, including guidance and underlying assumptions on today’s call.
Forward-looking statements are based on expectations that involve risks and uncertainties that could cause actual results to differ materially. For a further discussion of risks related to our business, see our 10-K and subsequent filings with the SEC. This call will also contain non-GAAP financial information. Reconciliations to net income are included in the supplemental package furnished to the SEC and available on our website.
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Before I turn the call over to Andy, let me offer a few key takeaways from our fourth quarter and our full year. First, we are seeing a robust wave of demand across our platform, and we are optimistic about our ability to execute. Leasing in the quarter was healthy, highlighted by strong volume in the 0 to 1 megawatt plus interconnection segment, record pricing in the greater than megawatt category, and the second-highest quarter ever of new logos added. Second, our fundamental metrics capped off the year on a high note with the strongest cash releasing spreads and the same capital cash NOI growth we’ve seen in years as our unique and differentiated value proposition continued to resonate.
