Digital Realty Trust (NYSE:DLR) stock: Higher rent-per-kilowatt as smaller leases take hold

Digital Realty Trust (NYSE:DLR) saw its stock decline by 5.3% over the past week, ending Friday at $188.52. The company's second-quarter results revealed that smaller leases and interconnection bookings, while consuming less power, generated significantly higher rent-per-kilowatt, contributing 52% of annualized rent. Despite increased revenue and FFO outlook, Digital Realty faces risks from rising development costs and substantial debt, with Wall Street maintaining a positive but cautious outlook.