Digital Realty Trust, Inc. (NYSE:DLR) BofA Securities 2025 Global Real Estate Conference September 9, 2025 4:30 PM EDT
Company Participants
Andrew Power – President, CEO & Director
Jordan Sadler – Senior Vice President of Public & Private Investor Relations
Conference Call Participants
Michael Funk – BofA Securities, Research Division
Presentation
Michael Funk
VP in Equity Research
Mike Funk, the Head of Telecom and Infrastructure and Com Software Research here at the bank. Really happy to be part of the REIT conference again. So thank you to the REIT team for inviting us. Jeff back there in the back.
I’m really happy to have Andy Power, CEO of Digital Realty with us. I think Digital is probably the first company I covered in this space about 13 years ago. So thank you again for coming out, Andy. We have Jordan Sadler, Head of Investor Relations as well.
I’m going to kick off the Q&A. I’ll leave about 5 minutes at the end for audience questions as well. So if you have any, you can hold them until then.
So Andy, thank you again.
Andrew Power
President, CEO & Director
Thanks for having me. Appreciate it.
Question-and-Answer Session
Michael Funk
BofA Securities, Research Division
Absolutely. I wanted to kick off, Andy. So I relaunched in this sector earlier this year and what struck me was something you highlighted that you’d rather have a 7% growth for 10 years rather than 2% growth — sorry, 10% growth for 2 years, right? And it certainly speaks to your philosophy. And I think the current market environment as well where there are so many big hyperscale deals available and a company to choose to chase them or not chase those deals. So how does that philosophy impact how you look at the market, the deals that you pursue and the deals that you’re passing on?
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