Digital Realty Trust
Q3 2022 Earnings Call
Oct 26, 2022, 5:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon, and welcome to the Digital Realty third-quarter 2022 earnings call. Please note this event is being recorded. During today's presentation, all parties will be in a listen-only mode. Following the presentation, we will conduct a question-and-answer session.
[Operator instructions] I would now like to turn the call over to Jordan Sadler, Digital Realty's senior vice president of public and private investor relations. Jordan, please go ahead.
Jordan Sadler -- Senior Vice President, Public and Private Investor Relations
Thank you, operator, and welcome, everyone, to Digital Realty's third-quarter 2022 earnings conference call. Joining me today on the call are CEO, Bill Stein; and president and CFO, Andy Power; chief investment officer, Greg Wright; chief technology officer, Chris Sharp; and chief revenue officer, Corey Dyer, also on the call and will be available for Q&A. Management may make forward-looking statements, including guidance and underlying assumptions on today's call. Forward-looking statements are based on expectations that involve risks and uncertainties that could cause actual results to differ materially.
For a further discussion of risks related to our business, see our 10-K and subsequent filings with the SEC. This call will contain non-GAAP financial information. Reconciliations to GAAP net income are included in the supplemental package furnished to the SEC and available on our website. One important item to note this quarter, while Teraco's results are consolidated into our financial statements since closing on August 1, we have excluded the platform's contribution from leasing backlog and other portfolio statistics that will be cited on this call and within our third quarter earnings materials.
Before I turn the call over to Bill, let me offer a few key takeaways from our third quarter. First, we achieved another quarter of record bookings, led by robust demand within the greater-than-a-megawatt segment. Second, the signs of improvement in our core portfolio continued to emerge in the quarter with 120 basis point sequential improvement and base data center revenues on a constant-currency basis. Third, with the closing on our investment in Teraco, we cemented our position as a leading provider of colocation and connectivity in South Africa.
And lastly, our management team guided by decades of experience remains focused on navigating the current environment and maximizing the opportunity that lies before us. With that, I'd like to turn the call over to our CEO, Bill Stein.