DLR
NYSE · USDDigital Realty Trust, Inc.
Real Estate · REIT - Specialty
CEO Andrew Power
Employees 4,282
R&D / revenue 0.0%
Last price
$175.97+0.86%last session
Market cap
$65.3B
P/E (TTM)
81.1x
From 52w high
−15.5%
From 52w low
+20.3%
1-year return
+2.0%
RSI 14 · vs SMA200
44.3 · −3.4%
IS score
35.6/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
DLR SPY XLRE (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe41Profitability
35Growth
38Value
66Momentum
30Risk (safety)
68Quality
45Balance sheet
69Earnings quality
Flags
Strengths
✓ Congress buying
Warnings
▲ Altman distress zone▲ Beneish M above -1.78▲ Share count rising
Observations
Moat model: Weak, Efficient ScalePiotroski 5 / 9Altman Z 1.6Beta 1.043 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
0
1 open-market sales, $38,792
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-07-07
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+79
160 new holders, 68 closed
1,333 filers hold 108.4% · 589 added, 389 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+393
1,310 funds adding shares
917 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
47.7%
20-day avg 62.4%, 50-day avg 55.1%
Latest 14.7 pp under its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$6.1B
Revenue growth YoY+10.0%
Gross margin55.4%
Operating income$658.5M
Operating margin10.8%
Net income$1.3B
Net margin21.4%
EPS (diluted)$3.58
Cash flow
Operating cash flow$2.4B
Capital expenditure$0
Free cash flow$2.4B
FCF conversion (FCF / OCF)100.0%
Stock-based compensation$0
FCF less SBC$2.4B
Buybacks$0
Dividends$1.7B
Balance sheet & returns
Cash & short-term investments$3.5B
Total debt$21.2B
Net debt$17.7B
Shareholders' equity$24.8B
Goodwill & intangibles$11.8B
Debt / equity0.67
ROE (TTM)3.3%
ROIC (TTM)2.3%
Operating margin by fiscal year
Revenue $4.4B (FY2021) to $6.1B (FY2025), a 8.4% CAGR.
Valuation
P/E (TTM)81.1x
EV / EBITDA24.0x
Price / sales9.53x
Price / FCF47.8x
FCF yield2.09%
Buyback yield0.00%
SBC / revenue1.1%
Price / book2.27x
Forward P/E FY202664.1x
Forward P/E FY202768.3x
Forward P/E FY202854.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $226.56 across 9 analysts last quarter is theirs, not ours.
DLR vs industry median
28 companies in REIT - Specialty
DLR (TTM)Industry median
Asset turnover 0.13 vs industry 0.13 · financial leverage 1.99
Earnings delivery
Next report 2026-10-29 · consensus EPS $0.5358%
beat rate, 7 of 12 quarters
+1.8%
median EPS surprise
2
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-26 to 2026-07-23. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| DLR Digital Realty Trust, Inc. | $65.3B | 81.1x | 3.3% | 11.7% | +10.0% | +2.0% |
| AMT American Tower Corporation | $86.3B | 25.4x | 90.9% | 31.6% | +6.7% | −3.2% |
| EQIX Equinix, Inc. | $97.3B | 63.2x | 10.8% | 18.2% | +9.9% | +22.0% |
| CCI Crown Castle Inc. | $35.9B | 33.3x | -46.2% | 30.5% | −23.2% | −15.1% |
| IRM Iron Mountain Incorporated | $33.5B | 80.4x | -40.9% | 5.0% | +17.4% | +9.9% |
| SBAC SBA Communications Corporati | $19.8B | 20.1x | -20.7% | 27.8% | +5.4% | — |
| LAMR Lamar Advertising Company | $15.2B | 27.3x | 58.5% | 26.1% | +4.4% | — |
| WY Weyerhaeuser Company | $14.1B | 29.7x | 5.0% | 8.7% | −1.9% | — |
12-month window: SPY +15.9%, sector ETF XLRE +0.9%. Past returns describe history only.
Recent 8-K filings
No 8-K filings on file.
Context
Shares outstanding370,998,727
Free float94.4%
Institutional ownership108.4%
Beta1.04
Dividend yield2.77%
Last dividend$1.22 on 2026-09-15
50 / 200-day average$185.50 / $182.23
Large-cap Real Estate median P/E26.2x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where DLR sits among 17 scored companies in REIT - Specialty (0 = lowest value, 100 = highest). It is a position, not a grade.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | DLR | Industry percentile |
|---|---|---|
| P/E (TTM) | 81.7x | 100th |
| PEG (P/E ÷ 3-yr EPS CAGR) | 4.93 | 88th |
| Price / sales | 9.5x | 94th |
| Price / book | 2.4x | 62nd |
| Price / tangible book | 4.3x | 89th |
| Price / free cash flow | 47.8x | 93rd |
| Price / operating cash flow | 22.0x | 69th |
| Enterprise value | $81.7B | 88th |
| EV / sales | 11.9x | 62nd |
| EV / EBITDA | 24.0x | 88th |
| EV / EBIT | 57.8x | 69th |
| EV / free cash flow | 59.8x | 93rd |
| Earnings yield | 1.2% | 19th |
| FCF yield | 2.1% | 19th |
| Operating cash flow yield | 4.5% | 31st |
| Graham number (per share) | $61.43 | 90th |
Profitability (TTM)
| Measure | DLR | Industry percentile |
|---|---|---|
| Gross margin | 13.8% | 25th |
| EBITDA margin | 49.8% | 47th |
| Operating margin | 17.9% | 19th |
| EBIT margin | 20.6% | 50th |
| Net margin | 11.7% | 38th |
| NOPAT margin | 16.9% | 25th |
| FCF margin | 19.9% | 25th |
| Operating cash flow margin | 43.3% | 75th |
| R&D / revenue | 0.0% | 0th |
| SG&A / revenue | 2.1% | 25th |
| Stock comp / revenue | 1.1% | 38th |
| Effective tax rate | 5.6% | 56th |
Returns on capital
| Measure | DLR | Industry percentile |
|---|---|---|
| ROE (on average equity) | 3.2% | 33rd |
| ROA | 1.5% | 25th |
| ROIC | 2.6% | 25th |
| ROCE | 2.8% | 31st |
| Return on tangible assets | 2.7% | 31st |
| Cash ROIC (OCF / invested capital) | 6.8% | 50th |
| Gross profitability (GP / assets) | 1.7% | 19th |
| ROIC, 3-yr average | 3.0% | 38th |
| ROIC, 5-yr average | 3.0% | 27th |
| ROE, 5-yr average | 4.9% | 18th |
| Incremental ROIC | -5.0% | 44th |
Growth
| Measure | DLR | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | 18.7% | 75th |
| Revenue growth (QoQ) | 17.7% | 88th |
| Revenue CAGR, 3 yr | 10.1% | 81st |
| Revenue CAGR, 5 yr | 9.9% | 73rd |
| Gross profit CAGR, 3 yr | -30.5% | 0th |
| Operating income CAGR, 3 yr | 26.1% | 93rd |
| Net income growth (TTM YoY) | -42.2% | 17th |
| Net income CAGR, 3 yr | 23.1% | 73rd |
| EPS growth (TTM YoY) | -44.7% | 17th |
| EPS CAGR, 3 yr | 16.6% | 64th |
| EPS CAGR, 5 yr | 2.0% | 36th |
| FCF growth (TTM YoY) | -42.5% | 8th |
| FCF CAGR, 3 yr | — | |
| Operating cash flow CAGR, 3 yr | 20.6% | 100th |
| Book value CAGR, 3 yr | 9.7% | 92nd |
| Dividend CAGR, 3 yr | -4.2% | 38th |
| Sustainable growth rate | -3.9% | 22nd |
Margin history & stability
| Measure | DLR | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | 40.9% | 12th |
| Operating margin, 3-yr average | 12.3% | 12th |
| Net margin, 3-yr average | 18.7% | 56th |
| FCF margin, 3-yr average | 9.8% | 19th |
| Revenue stability (0-1) | 0.94 | 81st |
| Earnings stability (0-1) | 0.07 | 19th |
| Margin stability (0-1) | 0.60 | 25th |
Liquidity (latest quarter)
| Measure | DLR | Industry percentile |
|---|---|---|
| Cash & short-term investments | $1.9B | 94th |
| Net cash (− = net debt) | −$16.4B | 25th |
| Working capital | $270.2M | 69th |
| Current ratio | 1.07 | 43rd |
| Quick ratio | 1.07 | 43rd |
| Cash ratio (cash + ST investments / current liabilities) | 0.47 | 43rd |
| Defensive interval (days) | — |
Leverage & solvency (latest quarter)
| Measure | DLR | Industry percentile |
|---|---|---|
| Total debt | $18.3B | 75th |
| Debt / equity | 0.67 | 23rd |
| Net debt / equity | 0.60 | 23rd |
| Debt / assets | 33.5% | 19th |
| Debt / capital | 40.0% | 23rd |
| Debt / EBITDA | 5.35 | 25th |
| Net debt / EBITDA | 4.81 | 25th |
| Interest coverage (EBIT / interest) | 3.1x | 62nd |
| Cash interest coverage | 6.4x | 81st |
| Debt payback (years of OCF) | 6.2 yrs | 19th |
| Liabilities / assets | 45.8% | 38th |
| IS credit model rating | BB+ | |
| Implied credit spread (bps) | 400 | 25th |
Efficiency
| Measure | DLR | Industry percentile |
|---|---|---|
| Asset turnover | 0.13 | 38th |
| Fixed asset turnover | 0.18 | 8th |
| Inventory turnover | — | |
| Receivables turnover | 5.0 | 8th |
| Days sales outstanding | 73 days | 93rd |
| Days inventory outstanding | — | |
| Days payables outstanding | 172 days | 100th |
| Cash conversion cycle (days) | −98 days | 0th |
| Capex / revenue | 23.4% | 81st |
| Capex / depreciation | 0.80 | 69th |
| Operating expense ratio | — |
Cash flow & earnings quality
| Measure | DLR | Industry percentile |
|---|---|---|
| Operating cash flow / net income | 3.71 | 85th |
| FCF / net income | 1.71 | 77th |
| FCF / operating cash flow | 46.0% | 19th |
| Capex / operating cash flow | 54.0% | 81st |
| Accruals ratio | -4.2% | 31st |
| Sloan accruals ratio | -6.7% | 25th |
| Earnings quality score (0-1) | 1.00 | 54th |
Scores & forensic checks
| Measure | DLR | Industry percentile |
|---|---|---|
| IS score | 36 | 31st |
| IS profitability | 41 | 44th |
| IS growth | 35 | 12th |
| IS value | 38 | 12th |
| IS momentum | 66 | 31st |
| IS risk (safety) | 30 | 69th |
| IS quality | 68 | 62nd |
| IS balance sheet | 45 | 62nd |
| IS earnings quality | 69 | 25th |
| IS cash flow | 48 | 19th |
| Piotroski F-score (0-9) | 5 | 31st |
| Altman Z-score | 1.6 | 81st |
| Beneish M-score | 0.25 | 94th |
| Ohlson O-score | −8.67 | 12th |
| IS credit score | 46 | 69th |
Size (TTM)
| Measure | DLR | Industry percentile |
|---|---|---|
| Market cap | $65.3B | 88th |
| Revenue | $6.8B | 75th |
| EBITDA | $3.4B | 88th |
| Net income | $799.0M | 62nd |
| Free cash flow | $1.4B | 81st |
| Total assets | $54.5B | 94th |
| Shareholders' equity | $27.4B | 100th |
| Employees | 4,282 | 69th |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-10-01 | Kornegay Christine Beseda CHIEF ACCOUNTING OFFICER |
Tax withholding | 54 | $176.49 | $9,530 | 4,244 |
| 2026-09-30 | Jamieson Veralinn Director |
Award / grant | 156 | — | — | 14,852 |
| 2026-09-30 | Swanezy Susan Director |
Award / grant | 156 | — | — | 5,166 |
| 2026-08-27 | Patterson Mark R Director |
Open-market sale | 200 | $193.96 | $38,792 | 6,322 |
| 2026-07-01 | Kornegay Christine Beseda CHIEF ACCOUNTING OFFICER |
Tax withholding | 53 | $176.32 | $9,345 | 4,298 |
| 2026-06-30 | Swanezy Susan Director |
Award / grant | 153 | — | — | 5,010 |
| 2026-06-30 | Jamieson Veralinn Director |
Award / grant | 153 | — | — | 14,696 |
| 2026-05-29 | Mohebbi Afshin Director |
Award / grant | 1,289 | — | — | 15,013 |
| 2026-05-29 | Patterson Mark R Director |
Award / grant | 1,289 | — | — | 15,509 |
| 2026-05-29 | Kennedy Kevin Director |
Award / grant | 1,289 | — | — | 13,931 |
| 2026-05-29 | Preusse Mary Hogan Director |
Award / grant | 1,815 | — | — | 13,189 |
| 2026-05-29 | Laperch William G Director |
Award / grant | 1,289 | — | — | 14,769 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Award / grant | Acquired | 13 | 12,745 | — |
| Open-market sale | Disposed | 1 | 200 | $38,792 |
| Tax withholding | Disposed | 3 | 391 | $73,242 |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| None on file. | |||
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 1 trades (1 purchases) · Senate 0 (0 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2026-07-07 | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-08-12 |
| 2025-09-11 | Marjorie Taylor Greene | House | Purchase | $1,001 - $15,000 | 2025-09-29 |
| 2025-09-10 | Marjorie Taylor Greene | House | Purchase | $1,001 - $15,000 | 2025-09-29 |
| 2025-08-26 | Ro Khanna | House | Sale | $1,001 - $15,000 | 2025-09-12 |
| 2023-01-11 | Thomas R. Carper | Senate | Purchase | $1,001 - $15,000 | 2023-02-02 |
| 2023-01-11 | Thomas R. Carper | Senate | Purchase | $1,001 - $15,000 | 2023-02-01 |
| 2023-01-11 | Thomas Richard Carper | Senate | Purchase | $1,001 - $15,000 | 2023-02-01 |
| 2022-10-17 | Thomas R. Carper | Senate | Sale (Full) | $1,001 - $15,000 | 2022-11-03 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| BlackRock, Inc. | 40,522,510 | $7.3B | 10.92% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 30,156,675 | $5.4B | 8.13% |
| COHEN & STEERS, INC. | 29,229,771 | $5.2B | 7.88% |
| VANGUARD CAPITAL MANAGEMENT LLC | 22,292,241 | $4.0B | 6.01% |
| STATE STREET CORP | 20,837,900 | $3.7B | 5.62% |
| NORGES BANK | 19,290,135 | $3.5B | 5.20% |
| GEODE CAPITAL MANAGEMENT, LLC | 9,758,447 | $1.7B | 2.63% |
| BANK OF AMERICA CORP /DE/ | 8,941,260 | $1.6B | 2.41% |
| APG Asset Management US Inc. | 8,619,693 | $1.5B | 2.32% |
| CANADA PENSION PLAN INVESTMENT BOARD | 6,560,278 | $1.2B | 1.77% |
| FMR LLC | 4,938,978 | $886.9M | 1.33% |
| DIMENSIONAL FUND ADVISORS LP | 4,905,453 | $881.1M | 1.32% |
| Invesco Ltd. | 4,535,328 | $814.5M | 1.22% |
| MORGAN STANLEY | 4,090,266 | $734.5M | 1.10% |
| GOLDMAN SACHS GROUP INC | 3,958,965 | $711.0M | 1.07% |
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| 2026-06-30 | 1,333 | 108.4% | 160 | 589 | 389 | 68 |
| 2026-03-31 | 1,254 | 90.6% | 164 | 498 | 419 | 85 |
| 2025-12-31 | 1,194 | 97.3% | 120 | 416 | 456 | 124 |
| 2025-09-30 | 1,224 | 89.5% | 98 | 524 | 402 | 87 |
| 2025-06-30 | 1,233 | 93.4% | 146 | 493 | 424 | 78 |
| 2025-03-31 | 1,182 | 93.7% | 133 | 511 | 380 | 147 |
| 2024-12-31 | 1,216 | 92.5% | 200 | 439 | 418 | 83 |
| 2024-09-30 | 1,116 | 92.1% | 116 | 456 | 382 | 77 |
| 2024-06-30 | 1,095 | 90.5% | 123 | 491 | 320 | 67 |
| 2024-03-31 | 1,053 | 88.0% | 111 | 418 | 394 | 91 |
| 2023-12-31 | 1,045 | 88.4% | 182 | 336 | 401 | 67 |
| 2023-09-30 | 949 | 88.4% | 100 | 354 | 351 | 65 |
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| None on file. | ||||
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VGSLX | 3.68% | $2.5B |
| VGSNX | 3.68% | $2.5B |
| VNQ | 3.68% | $2.5B |
| VITSX | 0.09% | $2.1B |
| VSMPX | 0.09% | $2.1B |
| VTI | 0.09% | $2.1B |
Share structure
Shares outstanding370,998,727
Float350,383,555
Free float94.4%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.7B | $5.5B | $5.6B | $6.1B |
| Cost of revenue | $1.8B | $2.0B | $2.6B | $2.5B | $2.7B |
| Gross profit | $2.6B | $2.7B | $2.9B | $3.0B | $3.4B |
| R&D | $0 | $0 | $0 | $0 | $0 |
| SG&A | $400.7M | $422.2M | $449.1M | $480.0M | $560.5M |
| Operating income | $694.0M | $590.0M | $524.5M | $471.9M | $658.5M |
| EBITDA | $3.6B | $2.3B | $3.2B | $2.9B | $3.6B |
| Pretax income | $1.8B | $411.9M | $1.0B | $643.1M | $1.3B |
| Income tax | $72.8M | $31.6M | $75.6M | $54.8M | $32.0M |
| Net income | $1.7B | $377.7M | $948.8M | $602.5M | $1.3B |
| EPS, diluted | $5.94 | $1.11 | $3.00 | $1.61 | $3.58 |
| Diluted shares | 283.2M | 297.9M | 309.1M | 331.5M | 351.6M |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $142.7M | $141.8M | $1.6B | $3.9B | $3.5B |
| Receivables | $1.2B | $1.6B | $1.9B | $1.9B | $1.4B |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $814.4M | $1.1B | $3.4B | $5.1B | $5.2B |
| PP&E, net | $1.4B | $1.4B | $1.4B | $1.2B | $26.4B |
| Goodwill & intangibles | $10.7B | $12.3B | $11.7B | $11.1B | $11.8B |
| Total assets | $36.4B | $41.5B | $44.1B | $45.3B | $49.4B |
| Accounts payable | $1.5B | $1.9B | $2.2B | $2.1B | $2.6B |
| Total current liabilities | $2.6B | $4.8B | $4.8B | $4.6B | $1.1B |
| Long-term debt | $13.1B | $14.4B | $15.6B | $15.1B | $20.0B |
| Total liabilities | $17.8B | $21.9B | $23.1B | $22.1B | $24.6B |
| Shareholders' equity | $18.5B | $19.6B | $21.0B | $23.2B | $24.8B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $1.7B | $380.3M | $950.3M | $602.5M | $1.3B |
| Depreciation & amortization | $1.5B | $1.6B | $1.7B | $1.8B | $1.9B |
| Stock-based compensation | $84.1M | $92.5M | $80.5M | $75.6M | $0 |
| Change in working capital | −$309.8M | −$230.3M | −$379.8M | $24.7M | $37.3M |
| Operating cash flow | $1.7B | $1.7B | $1.6B | $2.3B | $2.4B |
| Capital expenditure | −$2.5B | −$2.6B | $0 | $0 | $0 |
| Free cash flow | −$818.5M | −$983.7M | $1.6B | $2.3B | $2.4B |
| Investing cash flow | −$1.1B | −$4.7B | −$1.1B | −$1.9B | −$2.2B |
| Net debt issued / repaid | $727.4M | $3.4B | $334.4M | $37.3M | $190.6M |
| Buybacks | $0 | $0 | $0 | $0 | $0 |
| Dividends paid | −$1.4B | −$1.5B | −$1.5B | −$1.6B | −$1.7B |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 59.8% | 57.0% | 52.6% | 54.7% | 40.0% |
| Operating margin | 15.7% | 12.6% | 9.6% | 8.5% | 13.7% |
| Net margin | 38.6% | 8.0% | 17.3% | 10.8% | 21.1% |
| FCF margin | -18.5% | -21.0% | -21.0% | 17.0% | 27.9% |
| ROE | 9.6% | 2.1% | 5.2% | 3.0% | 5.9% |
| ROIC | 2.0% | 1.5% | 1.3% | 1.2% | 1.9% |
| ROA | 4.7% | 1.0% | 2.2% | 1.3% | 2.8% |
| Debt / equity | 0.83 | 1.03 | 0.99 | 0.84 | 1.05 |
| Interest coverage | — | — | — | — | 5.6x |
| Current ratio | 0.31 | 0.23 | 0.70 | 1.11 | 4.50 |
| Revenue growth | +13.4% | +6.0% | +16.7% | +1.4% | +11.4% |
| EPS growth | +373.3% | −79.1% | +147.9% | −43.0% | +110.5% |
| P/E at year end | 25.5x | 72.2x | 40.8x | 97.3x | 41.6x |
| EV / EBITDA at year end | 16.2x | 19.8x | 17.7x | 25.4x | 19.8x |
| FCF yield at year end | -1.87% | -3.61% | -2.98% | 1.62% | 3.17% |
| Dividend payout | 80.7% | 384.1% | 160.3% | 271.1% | 132.1% |
Revenue by segment
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Rental And Other Services | — | — | — | $5.5B | $6.0B |
| Rental and other services | $4.4B | $4.7B | $5.4B | — | — |
| Fee Income And Other | — | — | — | $72.5M | $143.8M |
| Fee income and other | $32.8M | $29.2M | $46.9M | — | — |
Revenue by region · FY2025
UNITED STATES$3.2B · 52%
Non-US$2.9B · 48%
Street estimates by fiscal year
Next report 2026-10-29 · consensus EPS $0.53 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $7.1B | $7.0B – $7.3B | $2.75 | $2.66 – $2.86 | 12 | 64.1x |
| 2027 | $7.9B | $7.2B – $8.3B | $2.58 | $2.36 – $2.71 | 12 | 68.3x |
| 2028 | $9.0B | $8.4B – $9.6B | $3.21 | $2.26 – $3.97 | 12 | 54.8x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-07-23 | $0.48 | $1.21 | +150.6% | $1.7B | $1.9B | +16.1% |
| 2026-04-23 | $0.44 | $0.46 | +4.2% | $1.6B | $1.6B | +2.1% |
| 2026-02-05 | $0.29 | $0.24 | −16.5% | $1.6B | $1.6B | +3.7% |
| 2025-10-23 | $1.78 | $1.89 | +6.2% | $1.6B | $1.6B | +0.1% |
| 2025-07-24 | $1.74 | $1.87 | +7.5% | $1.5B | $1.5B | −2.6% |
| 2025-04-24 | $1.73 | $0.27 | −84.4% | $1.4B | $1.4B | −1.2% |
| 2025-02-13 | $0.27 | $0.51 | +88.9% | $1.5B | $1.4B | −1.5% |
| 2024-10-24 | $1.67 | $1.67 | 0.0% | $1.5B | $1.4B | −2.4% |
| 2024-07-25 | $1.63 | $1.65 | +1.2% | $1.4B | $1.4B | −1.9% |
| 2024-05-02 | $1.63 | $1.67 | +2.5% | $1.4B | $1.3B | −2.3% |
| 2024-02-15 | $1.64 | $1.63 | −0.6% | $1.4B | $1.4B | −1.8% |
| 2023-10-26 | $1.62 | $1.62 | 0.0% | $1.4B | $1.4B | +0.4% |
| 2023-07-27 | $1.65 | $1.68 | +1.8% | $1.4B | $1.4B | −0.4% |
| 2023-04-27 | $1.65 | $1.66 | +0.6% | $1.4B | $1.3B | −3.3% |
| 2023-02-16 | $1.68 | $1.65 | −1.8% | $1.2B | $1.2B | +1.8% |
| 2022-10-26 | $1.67 | $1.67 | 0.0% | $1.2B | $1.2B | +0.3% |
| 2022-07-28 | $1.64 | $1.55 | −5.5% | $1.2B | $1.1B | −1.2% |
| 2022-04-28 | $1.67 | $1.67 | 0.0% | $1.1B | $1.1B | +0.2% |
| 2022-02-17 | $1.68 | $1.67 | −0.6% | $1.1B | $1.1B | +0.4% |
| 2021-10-26 | $1.62 | $1.65 | +1.9% | $1.1B | $1.1B | +3.2% |
| 2021-07-29 | $1.58 | $1.54 | −2.5% | $1.1B | $1.1B | −0.0% |
| 2021-04-29 | $0.29 | $1.32 | +355.2% | $2.5B | $1.1B | −56.5% |
| 2021-02-11 | $1.52 | $1.61 | +5.9% | $1.5B | $1.1B | −27.8% |
| 2020-10-29 | $1.48 | $1.54 | +4.1% | $2.5B | $1.0B | −58.3% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $461.9M | 2,504,238 | 66,310 |
| 2026-08-24 | $510.3M | 2,682,848 | 59,496 |
| 2026-08-17 | $492.0M | 2,532,367 | 68,234 |
| 2026-08-10 | $508.4M | 2,593,741 | 64,776 |
| 2026-08-03 | $765.8M | 3,961,958 | 69,991 |
| 2026-07-27 | $763.5M | 3,963,685 | 90,915 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 47.7% | 442,777 | 927,908 |
| 2026-10-14 | 61.4% | 405,978 | 660,691 |
| 2026-10-13 | 57.6% | 259,730 | 450,663 |
| 2026-10-12 | 75.4% | 292,306 | 387,625 |
| 2026-10-09 | 70.1% | 323,364 | 461,065 |
| 2026-10-08 | 51.8% | 553,510 | 1,068,937 |
| 2026-10-07 | 60.6% | 432,416 | 713,856 |
| 2026-10-06 | 71.4% | 405,903 | 568,710 |
| 2026-10-05 | 65.8% | 348,739 | 530,047 |
| 2026-10-02 | 63.6% | 347,622 | 546,526 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | +2.3% | 70% | 20 |
| Feb | −0.8% | 45% | 20 |
| Mar | +3.2% | 67% | 21 |
| Apr | +3.6% | 75% | 20 |
| May | +0.8% | 60% | 20 |
| Jun | +2.3% | 70% | 20 |
| Jul | +2.1% | 65% | 20 |
| Aug | +1.6% | 55% | 20 |
| Sep | −0.7% | 45% | 20 |
| Oct | +0.8% | 45% | 20 |
| Nov | +1.4% | 55% | 20 |
| Dec | +3.0% | 55% | 20 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1444.3
MFI41.0
ADX20.4
Stochastic %K / %D30.4 / 30.6
Williams %R-50.8
CCI-73
TSI / signal-13.0 / -12.2
Chaikin money flow-0.00
ATR$4.82
Bollinger width8.0%
Volume vs 20-day avg1.48x
SupertrendDown
Moving averages and bands
level (price vs level)SMA 20$178.90 (−1.6%)
SMA 50$184.94 (−4.9%)
SMA 200$182.16 (−3.4%)
EMA 21$178.99 (−1.7%)
EMA 50$182.27 (−3.5%)
EMA 200$181.11 (−2.8%)
Bollinger upper$186.09 (−5.4%)
Bollinger lower$171.71 (+2.5%)
Parabolic SAR$182.65 (−3.7%)
Open the live chart, 110+ indicatorsAbout Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, develops, and operates data centers through its operating partnership subsidiary, Digital Realty Trust, L.P. The company is focused on providing data center, colocation, and interconnection solutions for domestic and international customers across a variety of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products. As of March 31, 2026, the company's 309 data centers, including 89 data centers held as investments in unconsolidated entities, contain applications and operations critical to the day-to-day operations of technology industry and corporate enterprise data center customers. Digital Realty's portfolio is comprised of approximately 3.0 gigawatts of IT capacity, as well as approximately 6.3 gigawatts of buildable IT capacity under active development and held for future development, located throughout North America, Europe, South America, Asia, Australia, and Africa. Digital Realty Trust, Inc. was established and incorporated on March 09, 2004 in Maryland and is based in Austin, Texas.
https://www.digitalrealty.com
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| Andrew Power | President, Chief Executive Officer & Director | $6.9M | 1980 |
| Gregory S. Wright | Chief Investment Officer | $2.2M | 1965 |
| Matthew Mercier | Chief Financial Officer | $2.0M | 1980 |
| Jeannie Lee | Executive Vice President, General Counsel & Secretary | $1.6M | 1977 |
| Christopher Sharp | Chief Technology Officer | $1.2M | 1975 |
| Cindy A. Fiedelman | Chief Human Resources Officer | $1.2M | 1967 |
| Fabrice Coquio | Senior VP of Europe Mediterranean & MD of France | — | — |
| Guilherme Reis | Managing Director for Iberia | — | — |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| A. William Stein, Chief Executive Officer | 2015 | $750,000 | $3.0M | $1.5M | $5.4M |
| Andrew P. Power, Chief Financial Officer | 2015 | $283,333 | $2.3M | $620,500 | $3.3M |
| Scott E. Peterson, Chief Investment Officer | 2015 | $514,671 | $1.5M | $720,000 | $2.8M |
| Jarrett B. Appleby, Chief Operating Officer | 2015 | $297,822 | $2.0M | $450,000 | $2.8M |
| Matthew J. Miszewski, SVP, Global Sales & Marketing | 2015 | $338,875 | $999,997 | $445,000 | $1.9M |
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| 2026-09-15 | $1.22 | 2026-09-30 |
| 2026-06-15 | $1.22 | 2026-06-30 |
| 2026-03-13 | $1.22 | 2026-03-31 |
| 2025-12-15 | $1.22 | 2026-01-16 |
| 2025-09-15 | $1.22 | 2025-09-30 |
| 2025-06-13 | $1.22 | 2025-06-30 |
| 2025-03-14 | $1.22 | 2025-03-31 |
| 2024-12-13 | $1.22 | 2025-01-17 |
Moat model
Weak · Efficient Scale · 2026-06-30Cost advantage38
Intangibles14
Switching costs49
Network effect65
Efficient scale70
Our component scores (0-100) and overall 43.6; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17