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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