# Digital Realty Trust Data Center Capex and Sites Source: https://savrn.com/data-center-capital-atlas/company/digital-realty Markdown alternate of the page above; the site index is https://savrn.com/llms.txt --- Named sites 8 Site-level commitments the atlas ties to Digital Realty Trust Disclosed site capital $600M Sum of named sites with a stated dollar figure. Not a capex total; see the spending table Disclosed capacity 16 MW Sum of named sites with a stated megawatt figure Financing transactions 5 Transactions naming Digital Realty Trust or tied to one of its sites Spending ## Reported and guided spending Audited, reported and guided figures as the filing or release states them. Reported lines are what was spent; guidance is what management said it expects. They are shown side by side and never combined. | Period | Kind | Amount | As stated | Sources | | --- | --- | --- | --- | --- | | FY2025 | reported | $3.0B | $3.0B of net development capex in 2025; delivered 289 MW; 769 MW under construction at a 11.9% yield | | | FY2025 | guidance | $3.2B | guidance of $3.0-3.5B; midpoint recorded, verbatim range $3.0-3.5B | | | Q3 2025 | backlog | $10.0B | gross development pipeline exceeded $10B; recorded at the stated floor | | | Q2 2025 | backlog | $9.0B | $9B development pipeline, a 5 GW total runway, and a 3.7 GW land bank | | | 2025 | raise | ~$3.0B | US Hyperscale Fund raised $3B of LP equity supporting roughly $10B of development capacity | | Named sites ## Where Digital Realty Trust builds Virginia 1 site · $600M disclosed Open the Virginia investment tracker → California 2 sites Open the California investment tracker → Illinois 2 sites Open the Illinois investment tracker → Indiana 1 site Open the Indiana investment tracker → Kansas 1 site Open the Kansas investment tracker → Washington 1 site Open the Washington investment tracker → | Site | State | Place | Capital | MW | Status | Sources | | --- | --- | --- | --- | --- | --- | --- | | Digital Realty / Realty Income Northern Virginia build-to-suit data centerswith Realty Income | [Virginia](https://savrn.com/data-center-capital-atlas/virginia) | n.a. | $600M | 16 | announced | | | Digital Realty Ad Astra Enterprise Park campusReported 10 August 2026 | [Kansas](https://savrn.com/data-center-capital-atlas/kansas) | De Soto, Johnson County | n.a. | n.a. | approved | | | Digital Realty Hawthorne Race Course siteBuyer reported 21 August 2026; purchase closed 2 September 2026 | [Illinois](https://savrn.com/data-center-capital-atlas/illinois) | Stickney, Cook County | n.a. | n.a. | announced | | | Digital Realty Kokomo data center campus (Industrial Park North)with City of Kokomo | [Indiana](https://savrn.com/data-center-capital-atlas/indiana) | Kokomo, Howard County | n.a. | n.a. | proposed | | | Digital Realty Rolling Meadows Atrium CampusReported 3 September 2026 | [Illinois](https://savrn.com/data-center-capital-atlas/illinois) | Rolling Meadows, Cook County | n.a. | n.a. | announced | | | Digital Realty SJC37, 641 Walsh Ave.construction began six years before reporting; could be years from operation | [California](https://savrn.com/data-center-capital-atlas/california) | Santa Clara, Santa Clara | n.a. | n.a. | complete unenergized | | | Digital Realty Santa Clara four-story building (completed 2024)completed 2024; expected fully operational around 2027 | [California](https://savrn.com/data-center-capital-atlas/california) | Santa Clara, Santa Clara | n.a. | n.a. | complete unenergized | | | Digital Realty downtown Seattle data center (six-story)Land-use permit application filed at the end of May 2026; reported vested and proceeding 3 October 2026; single-outlet report (The Seattle Times) | [Washington](https://savrn.com/data-center-capital-atlas/washington) | Seattle, King County | n.a. | n.a. | proposed | | Financing ## Financing transactions Transactions that name Digital Realty Trust as a party or attach to one of its named sites. Amounts are as stated; overlapping commitments are never summed. | Parties | Instrument | Amount | Date | Site | Sources | | --- | --- | --- | --- | --- | --- | | Digital Realty + Seller not disclosedDigital Realty announced the purchase of about 1,440 acres at Astra Enterprise Park near Kansas City for $475 million, a powered land site it said would support 600 MW by early 2028 and 2 GW at full delivery. The three transactions announced that day were funded mainly by issuing 6.3 million common shares and operating partnership units at a weighted average of $197.54. The release does not name the seller or state a closing date. | acquisition | ~$475M | Announced 22 June 2026 (company release) | Digital Realty Ad Astra Enterprise Park campus (KS) | | | Realty Income + Digital RealtyRealty Income and Digital Realty formed a Northern Virginia build-to-suit JV covering two data centers, initially 16 MW expandable to 48 MW. | jv equity | $200M | not dated in source | Digital Realty / Realty Income Northern Virginia build-to-suit data centers (VA) | | | Digital Realty + Allimac 2023 LLC + Hawthorne Race Course (seller) + Hilco Real EstateDigital Realty is the buyer, through Allimac 2023 LLC, of the 119-acre Hawthorne Race Course at 3501 South Laramie Avenue in Stickney, Illinois. The site is zoned heavy industrial, and a data center has not yet been formally proposed The $90 million sale closed on 2 September 2026. Digital Realty has not publicly confirmed it is behind Allimac | acquisition | $90M | Buyer reported 21 August 2026; sale closed 2 September 2026 | Digital Realty Hawthorne Race Course site (IL) | | | Digital Realty + Brennan Investment Group (seller)Digital Realty bought the 40-acre Rolling Meadows Atrium Campus at 3800 Golf Road, Rolling Meadows, Illinois, and plans to convert it to data center use. Planned MW was not disclosed | acquisition | $82M | Reported 3 September 2026 | Digital Realty Rolling Meadows Atrium Campus (IL) | | | Digital Realty + City of De SotoDigital Realty applied to use an existing 2021 tax increment financing district at Ad Astra Enterprise Park in De Soto, Kansas, for a nine-building campus on about 1,400 acres. Phase 1 construction is expected in 2027 to 2028 and Phase 2 in 2028 to 2031 | incentive | n.a. | Reported 10 August 2026 | Digital Realty Ad Astra Enterprise Park campus (KS) | | The record ## Sourced facts on Digital Realty Trust - The brief's premise of a $3B Realty Income JV is not supported by the fetched record; the actual structure is $200M for an 80% interest in 16-48 MW. - A $3.0B ATM agreement established in December 2024 saw $1.1B issued during 2025, and a new $7.5B ATM was established in May 2026; the brief's ~$7B forward equity is best matched to the $7.5B ATM, and a discrete $7B forward-sale tranche was n.a. in fetched filings. - Digital Realty says it serves over 315 companies in the Bay Area and will bring Santa Clara capacity online as soon as utility infrastructure allows. - Silicon Valley Power's enabling $450M system upgrade, explicitly serving Digital Realty and Stack, is scheduled for completion in 2028. Sources ## Sources for Digital Realty Trust Every source cited on this page, once each. The full atlas source register is at [Capital Atlas sources](https://savrn.com/data-center-capital-atlas/sources). - datacenterfrontier.com[Data Center Frontier](https://www.datacenterfrontier.com/colo/article/33015184/reit-of-passage-realty-income-digital-realty-form-nova-development-jv-for-build-to-suit-data-centers) - investor.digitalrealty.com[DLR 10-Q exhibit](https://investor.digitalrealty.com/static-files/7850ca68-a88a-4819-8a08-bbeb8d853770) - yahoo.com[Yahoo News (Kansas City Star)](https://www.yahoo.com/news/us/articles/world-largest-data-center-developer-100000976.html) - kshb.com[KSHB 41, 29 September 2026](https://www.kshb.com/news/local-news/kansas/johnson-county/second-hyper-scale-data-center-moves-forward-in-de-soto-amid-petition-efforts-to-ban-development) - bizjournals.com[Kansas City Business Journal, 23 September 2026 (paywalled)](https://www.bizjournals.com/kansascity/news/2026/09/23/digital-realty-data-center-project-jayhawk-evergy.html) - stocktitan.net[Digital Realty release (via Stock Titan), 22 June 2026](https://www.stocktitan.net/news/DLR/digital-realty-announces-transactions-to-drive-continued-platform-v50566doihnh.html) - finance.yahoo.com[Yahoo Finance](https://finance.yahoo.com/real-estate/articles/digital-realty-buyer-behind-90m-111500086.html) - chicago.suntimes.com[Chicago Sun-Times](https://chicago.suntimes.com/environment/2026/08/21/data-center-hawthorne-race-course-horse-racing-stickney-cicero-digital-realty-moratorium-nuisance-environment) - therealdeal.com[The Real Deal](https://therealdeal.com/chicago/2026/09/03/digital-realty-buys-rolling-meadows-office-site-for-82m/) - harnessracingupdate.com[Harness Racing Update](https://harnessracingupdate.com/2026/09/04/hawthorne-sale-is-now-closed/) - kokomotribune.com[Kokomo Tribune](https://www.kokomotribune.com/digital-realty-proposes-data-center-campus-in-kokomo/article_5385192e-23ca-4e19-a6ea-48b7a1ede68f.html) - msn.com[WRTV Indianapolis (via MSN)](https://www.msn.com/en-us/news/other/digital-realty-proposes-multi-billion-dollar-data-center-project-in-kokomo/ar-AA2drl1G) - kokomotribune.com[Kokomo Tribune](https://www.kokomotribune.com/across_indiana/data-center-proposed-digital-realty-looks-to-bring-three-building-campus-to-kokomo/article_5385192e-23ca-4e19-a6ea-48b7a1ede68f.html) - wishtv.com[WISH-TV, 2 October 2026](https://www.wishtv.com/news/local-news/digital-realty-proposes-1-3-billion-data-center-project-in-kokomo/) - insider.govtech.com[GovTech](https://insider.govtech.com/california/news/silicon-valleys-ai-boom-hits-a-wall-data-centers-are-built-but-cant-turn-on) - latimes.com[LA Times](https://www.latimes.com/business/story/2025-11-10/data-centers-in-nvidias-hometown-stand-empty-awaiting-power) - mk.co.kr[Maeil Business Newspaper](https://www.mk.co.kr/en/it/12066054) - seattletimes.com[The Seattle Times](https://www.seattletimes.com/seattle-news/climate-lab/why-seattles-data-center-moratorium-isnt-stopping-new-projects/) - scanx.trade[ScanX summary of the Digital Realty release](https://scanx.trade/stock-market-news/companies/digital-realty-expands-platform-with-1-61bn-in-strategic-transactions/43673445) - fool.com[Q4 2025 earnings transcript](https://www.fool.com/earnings/call-transcripts/2026/02/05/digital-realty-dlr-q4-2025-earnings-transcript/) - investor.digitalrealty.com[Q3 2025 8-K](https://investor.digitalrealty.com/node/18826/pdf) - investing.com[Q2 2025 transcript](https://www.investing.com/news/transcripts/earnings-call-transcript-digital-realty-q2-2025-earnings-surpass-expectations-93CH-4152177) - globaldatacenterhub.com[Global Data Center Hub](https://www.globaldatacenterhub.com/p/digital-realty-q2-2025-9b-development) - stocktitan.net[8-K summary](https://www.stocktitan.net/sec-filings/DLR/8-k-digital-realty-trust-inc-reports-material-event-a9a000e3396c.html) - fintel.io[10-K](https://fintel.io/doc/sec-digital-realty-trust-inc-1297996-10k-2026-february-13-20497-5634) ### REIT and developer: one page each [Aligned Data Centers 1](https://savrn.com/data-center-capital-atlas/company/aligned-data-centers)[Cloverleaf Infrastructure 1](https://savrn.com/data-center-capital-atlas/company/cloverleaf-infrastructure)[Cologix 0](https://savrn.com/data-center-capital-atlas/company/cologix)[Compass Datacenters 3](https://savrn.com/data-center-capital-atlas/company/compass-datacenters)[CRG (Clayco) 1](https://savrn.com/data-center-capital-atlas/company/crg-clayco)[CyrusOne 7](https://savrn.com/data-center-capital-atlas/company/cyrusone)[DataBank 4](https://savrn.com/data-center-capital-atlas/company/databank)[Digital Realty Trust 8](https://savrn.com/data-center-capital-atlas/company/digital-realty)[EdgeConneX 0](https://savrn.com/data-center-capital-atlas/company/edgeconnex)[Equinix 2](https://savrn.com/data-center-capital-atlas/company/equinix)[Fermi Inc. (Fermi America) 1](https://savrn.com/data-center-capital-atlas/company/fermi-inc)[Flexential 0](https://savrn.com/data-center-capital-atlas/company/flexential)[H5 Data Centers 2](https://savrn.com/data-center-capital-atlas/company/h5-data-centers)[Iron Mountain 3](https://savrn.com/data-center-capital-atlas/company/iron-mountain)[Novva Data Centers 1](https://savrn.com/data-center-capital-atlas/company/novva-data-centers)[Prime Data Centers 4](https://savrn.com/data-center-capital-atlas/company/prime-data-centers)[QTS Realty Trust (Blackstone) 7](https://savrn.com/data-center-capital-atlas/company/qts-realty-trust)[Rowan Digital Infrastructure 1](https://savrn.com/data-center-capital-atlas/company/rowan-digital-infrastructure)[Sabey Data Centers 3](https://savrn.com/data-center-capital-atlas/company/sabey-data-centers)[SB Energy 4](https://savrn.com/data-center-capital-atlas/company/sb-energy)[STACK Infrastructure 4](https://savrn.com/data-center-capital-atlas/company/stack-infrastructure)[Tract 6](https://savrn.com/data-center-capital-atlas/company/tract)[Vantage Data Centers 7](https://savrn.com/data-center-capital-atlas/company/vantage-data-centers) The figure beside each provider is its count of named sites in the atlas. Part of the [North American Data Center Capital Atlas](https://savrn.com/data-center-capital-atlas), refreshed every Tuesday, Thursday and Saturday. Site commitments overlap reported capital expenditure and overlap one another, so this page shows each figure as its source states it and never adds them into a single deployment number. Informational, not investment advice. The SAVRN reference set ## Seven references, one system Capital, delay, policy, water, grid, permits and scarcity are one system seen from seven sides. Each reference is primary-sourced, refreshed on a schedule, and links into the others, so a project can be followed from the money committed to the docket that stopped it. Delay Watchlist Project-level slippage: named projects, jurisdictional actions, utility and federal dockets, SEC disclosures, and the interconnection queue. [Open the watchlist →](https://savrn.com/data-center-delay-tracker) Moratorium Tracker The policy layer: every state measure and local moratorium mapped and cited, with one page per state. Open the tracker → Water Tracker Every federal, state, local and interstate water measure that touches a data center, plus a fifty-state water ledger. Open the water tracker → Grid Operator Watchlist ERCOT, PJM, MISO, CAISO, SPP, NYISO, ISO-NE and FERC: the large-load rules, filings and queue positions that decide whether a site can energize. Open the watchlist → Permits and Power Development Data center and substation permits, large loads in the interconnection queues, and the power plants planned to serve them, refreshed hourly from public records. Open the permits tracker → SAVRN Scarcity Tracker Eleven primary-sourced indicators of AI infrastructure scarcity, one composite index, read against the token index, SAVRN's own cost basis and the frontier ceiling. Open the scarcity tracker → Have a specific address? Site Intelligence reads all seven references against one location, county, utility and grid operator included, and cites every finding. [Check an address →](https://savrn.com/site-intelligence)