Digital Realty Trust (DLR) has reported 35.73 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $83.54 million, or $0.41 a share in the quarter, compared with $61.55 million, or $0.27 a share for the same period last year.

Revenue during the quarter grew 9.20 percent to $550.57 million from $504.20 million in the previous year period.

Cost of revenue rose 8.13 percent or $14.76 million during the quarter to $196.26 million. Gross margin for the quarter expanded 35 basis points over the previous year period to 64.35 percent.

Total expenses were $413.29 million for the quarter, up 7.05 percent or $27.20 million from year-ago period. Operating margin for the quarter expanded 151 basis points over the previous year period to 24.93 percent.

Operating income for the quarter was $137.28 million, compared with $118.12 million in the previous year period. However, the adjusted EBITDA for the quarter stood at $323.42 million compared with $293.93 million in the prior year period. At the same time, adjusted EBITDA margin improved 45 basis points in the quarter to 58.74 percent from 58.30 percent in the last year period.

Revenue from real estate activities during the quarter increased 7.90 percent or $36.11 million to $493.34 million.

Income from operating leases during the quarter rose 8.89 percent or $33 million to $404.13 million. Revenue from tenant reimbursements was $87.29 million for the quarter, up 3.65 percent or $3.07 million from year-ago period.

Income from management fees during the quarter increased 5.34 percent or $0.10 million to $1.90 million. Revenue from other real estate activities during the quarter was $0.04 million, down 61.54 percent or $0.06 million from year-ago period.

Other income during the quarter was $57.22 million, up 21.85 percent or $10.26 million from year-ago period.

“We achieved healthy volume in each of our global regions and across product types during the first quarter,” said Chief Executive Officer A. William Stein. “We signed total bookings representing $50 million of annualized GAAP rental revenue, including a $9 million contribution from interconnection. We are encouraged by the favorable intermediate-term outlook, given healthy market fundamentals, a supportive macro environment and secular demand tailwinds.”

Total assets grew 7.95 percent or $907.57 million to $12,329.55 million on Mar. 31, 2017. On the other hand, total liabilities were at $7,259.10 million as on Mar. 31, 2017, up 4.05 percent or $282.34 million from year-ago.

Return on assets moved up 9 basis points to 1.14 percent in the quarter. At the same time, return on equity moved up 42 basis points to 1.30 percent in the quarter.