An analyst note published ahead of Digital Realty Trust’s fourth-quarter 2025 earnings release on February 5, 2026, cautions that the company’s future leasing momentum could be restrained by a shortage of developable land and logistical challenges in key U.S. and European markets. While Digital Realty reported 1.2 million square feet of new leases signed in Q3 2025, the firm’s pipeline of build-to-suit projects for hyperscale customers has declined by 15% year-over-year. The report highlights that stabilized occupancy in existing facilities reached 93.5% as of December 2025, near the upper end of Digital Realty’s long-term target band, leaving limited headroom for same-asset rental growth. Investors will be watching management’s commentary on capital allocation, particularly the balance between share repurchases and development spending in high-barrier markets.

According to a new ResearchAndMarkets database, Mexico’s colocation sector comprises 46 operational facilities and 11 under development, with the Querétaro and Bajío regions leading capacity additions. Digital Realty participates through its Ascenty brand, which ranks second in national market share with approximately 18% of total IT load capacity. Ascenty operates five data centers in Mexico—two in Querétaro, one in Mexico City, one in Guadalajara and one in Monterrey—totaling 150 megawatts of IT load. The database forecasts that Mexico’s colocation capacity will grow by 30% between 2025 and 2029, driven by national hyperscalers and multinational enterprises, presenting potential land-acquisition and permitting challenges that could affect Ascenty’s expansion timetable.