DLR · CIK 0001297996
What DIGITAL REALTY TRUST, INC. told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far, we surface every cited disclosure we’ve extracted for DLR. More may follow as additional filings are processed.
In its own words
What could break it.
Geographic concentration
- Northern Virginia — 21.4% of total annualized rent; largest single metropolitan area concentrationhigh
Digital Realty's portfolio is most heavily concentrated in Northern Virginia, which accounted for 21.4% of total annualized rent as of December 31, 2025; the next largest markets (Chicago 7.1%, Frankfurt 6.1%) are far smaller.
“our portfolio, including the 89 data centers held as investments in unconsolidated entities, was geographically concentrated in the following metropolitan areas: Percentage of December 31, 2025 Metropolitan Area Total annualized rent (1) Northern Virginia 21.4 % Chicago 7.1 % Frankfurt 6.1 % London 4.5 % Singapore 4.5 % Dallas 4.3 % Paris 4.1 % Amsterdam 4.1 % New York 4.0 %”
SEC filing →As of 2026
Customer concentration
- unnamed Fortune 50 Software Company — 11.7% of annualized recurring revenue; largest customer across 76 locationsmedium
Digital Realty's largest customer, an unnamed Fortune 50 software company, accounted for 11.7% of aggregate annualized recurring revenue as of December 31, 2025, leasing space across 76 locations with a weighted average remaining lease term of 9.4 years.
“Our largest customer accounted for approximately 11.7% of our aggregate annualized recurring revenue as of December 31, 2025. No other single customer accounted for more than approximately 9.0% of the aggregate annualized recurring revenue of our portfolio.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
“Number Annualized % of Annualized Weighted Average of Recurring Recurring Remaining Lease Tenant Locations Revenue (1) Revenue Term in Years 1 Fortune 50 Software Company 76 $ 547,189 11.7 % 9.4 2 Oracle Corporation 42 424,130 9.0 % 10.2”
Cited →
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