Digital Realty Trust, Inc. (DLR)

Digital Realty Trust, Inc. brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. Platform DIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation, from cloud and digital transformation to emerging technologies like artificial intelligence (AI), and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 55+ metros across 30+ countries on six continents. Digital Realty Trust, Inc. was founded in 2004 and is based in Austin, Texas.

Ticker: DLR
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Specialty
Market cap: $65.31B
52-week range: $146.23 - $208.14

Valuation

Share price: $174.20 (close of Nov 6, 2026)
P/E (TTM): 70.53x
Price to book: 2.28x
Price to free cash flow: 24.22x
Enterprise value: $85.19B
Book value per share: $76.41

Price performance

Period	Change
1 day	-0.27%
5 days	-3.60%
1 month	-5.66%
3 months	-9.53%
6 months	-12.76%
Year to date	+12.60%
1 year	+3.47%
3 years	+34.53%
5 years	+12.05%
10 years	+91.79%
All time	+1,351.67%

Short interest

As of: Oct 15, 2026
Short % of float: 2.17%
Shares short: 7.78M
Days to cover: 4.38
Change since prior report: -13.48%
Source: FINRA consolidated short interest

Members of Congress who disclosed DLR trades

Marjorie Taylor Greene · Alan Armstrong

Super investors holding DLR

Andreas Halvorsen (Viking Global Investors) · George Soros (Soros Fund Mgmt) · Ken Griffin (Citadel) · Christopher Davis (Davis Selected Advisers) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity: 5.60%
Return on assets: 2.65%
Net margin: 21.41%
Revenue growth: 10.04%
Net income growth: 117.20%
Free cash flow growth: 6.66%

Cash flow and balance sheet

Free cash flow yield (TTM): 4.13%
Net debt to EBITDA: 6.02x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $6.11B
Net income: $1.31B
Earnings per share: $3.73
Interest expense: $437.95M
Shares outstanding: 339.81M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$6.11B	$1.31B	$3.73
2024-12-31	$5.55B	$602.49M	$1.74
2023-12-31	$5.48B	$948.84M	$3.04
2022-12-31	$4.69B	$377.68M	$1.18
2021-12-31	$4.43B	$1.71B	$5.95
2020-12-31	$3.90B	$356.40M	$1.01
2019-12-31	$3.21B	$579.76M	$2.37
2018-12-31	$3.05B	$331.25M	$1.21
2017-12-31	$2.46B	$248.26M	$0.99
2016-12-31	$2.14B	$426.19M	$2.21

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	21.41%	5.60%
2024-12-31	10.85%	2.77%
2023-12-31	17.32%	4.84%
2022-12-31	8.05%	2.09%
2021-12-31	38.60%	9.25%
2020-12-31	9.13%	1.93%
2019-12-31	18.07%	5.47%
2018-12-31	10.87%	3.05%
2017-12-31	10.10%	2.25%
2016-12-31	19.89%	8.30%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$3.45B	$899.09M
2024-12-31	$3.87B	$1.61B
2023-12-31	$1.63B	$1.81B
2022-12-31	$141.77M	$2.15B
2021-12-31	$142.70M	$398.17M
2020-12-31	$108.50M	-
2019-12-31	$89.82M	-
2018-12-31	$126.70M	-
2017-12-31	$51.00K	-
2016-12-31	$10.53M	-

Free cash flow by year

Period end	Free cash flow
2025-12-31	$2.41B
2024-12-31	$2.26B
2023-12-31	$1.63B
2022-12-31	$1.66B
2021-12-31	$1.70B
2020-12-31	$1.71B
2019-12-31	$1.51B
2018-12-31	$1.39B
2017-12-31	$1.02B
2016-12-31	$911.24M

Dividend history

Most recent payment: Sep 15, 2026
Paid in the last twelve months: $4.88

Payment date	Dividend per share
2026-09-15	$1.22
2026-06-15	$1.22
2026-03-13	$1.22
2025-12-15	$1.22
2025-09-15	$1.22
2025-06-13	$1.22
2025-03-14	$1.22
2024-12-13	$1.22

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-29	Sep 2026	$1.97
2026-07-23	Jun 2026	$1.98
2026-04-23	Mar 2026	$1.94
2026-02-05	Dec 2025	$1.83
2025-10-23	Sep 2025	$1.78
2025-07-24	Jun 2025	$1.74
2025-04-24	Mar 2025	$1.73
2025-02-13	Dec 2024	$1.70

Filings and sources

Company website: digitalrealty.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

Similar companies

Crown Castle Inc. (CCI) · American Tower Corp (AMT) · Iron Mountain Inc (IRM) · Equinix Inc (EQIX) · SBA Communications Corp (SBAC) · Weyerhaeuser Co (WY) · Extra Space Storage Inc. (EXR) · Public Storage (PSA)

All Real Estate companies

Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades