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.
- Symbol
- DLR
- Exchange
- NYSE
- Sector
- Real Estate
- Industry
- REIT - Specialty
- Market cap
- $63.31B
- 52 week range
- 146.23 - 208.14
Valuation
- Share price
- $181.45 (close of 2026-09-23)
- P/E (TTM)
- 46.29x
- Price to book
- 2.66x
- Price to free cash flow
- 24.87x
- Enterprise value
- $80.10B
- Book value per share
- $68.22
Price performance
| Period | Change |
|---|
| 1 day | -2.62% |
| 5 days | +1.22% |
| 1 month | -4.81% |
| 3 months | -6.95% |
| 6 months | +2.82% |
| Year to date | +17.28% |
| 1 year | +4.21% |
| 3 years | +47.23% |
| 5 years | +17.31% |
| 10 years | +85.25% |
| All time | +1412.08% |
Profitability and growth
- Return on equity
- 5.60%
- Return on invested capital
- 1.58%
- Return on assets
- 2.65%
- Gross margin
- 20.02%
- Net margin
- 21.41%
- EBITDA margin
- 41.77%
- 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)
- 4.02%
- Net debt to EBITDA
- 4.40x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $6.11B
- Cost of revenue
- $4.89B
- Gross profit
- $1.22B
- EBITDA
- $2.55B
- Net income
- $1.31B
- Earnings per share
- $3.73
- Interest expense
- $437.95M
- Shares outstanding
- 339.81M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $6.11B | $1.22B | $1.31B | $3.73 |
| 2024-12-31 | $5.55B | $951.89M | $602.49M | $1.74 |
| 2023-12-31 | $5.48B | $973.52M | $948.84M | $3.04 |
| 2022-12-31 | $4.69B | $1.01B | $377.68M | $1.18 |
| 2021-12-31 | $4.43B | $1.09B | $1.71B | $5.95 |
| 2020-12-31 | $3.90B | $908.89M | $356.40M | $1.01 |
| 2019-12-31 | $3.21B | $805.31M | $579.76M | $2.37 |
| 2018-12-31 | $3.05B | $713.45M | $331.25M | $1.21 |
| 2017-12-31 | $2.46B | $612.74M | $248.26M | $0.99 |
| 2016-12-31 | $2.14B | $650.02M | $426.19M | $2.21 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 20.02% | 21.41% | 5.60% | 1.58% |
| 2024-12-31 | 17.14% | 10.85% | 2.77% | 1.16% |
| 2023-12-31 | 17.77% | 17.32% | 4.84% | 1.22% |
| 2022-12-31 | 21.57% | 8.05% | 2.09% | 1.55% |
| 2021-12-31 | 24.72% | 38.60% | 9.25% | 3.04% |
| 2020-12-31 | 23.28% | 9.13% | 1.93% | 2.59% |
| 2019-12-31 | 25.09% | 18.07% | 5.47% | 5.11% |
| 2018-12-31 | 23.42% | 10.87% | 3.05% | 5.10% |
| 2017-12-31 | 24.93% | 10.10% | 2.25% | 4.01% |
| 2016-12-31 | 30.34% | 19.89% | 8.30% | 9.51% |
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
- 2026-09-15
- 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
Next earnings report
- Next confirmed report
- 2026-10-22
- Consensus EPS estimate
- $1.98
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-23 | Jun/2026 | $1.98 |
| 2026-04-23 | - | - |
| 2026-02-05 | - | - |
| 2025-10-23 | - | - |
| 2025-07-24 | - | - |
| 2025-07-23 | - | - |
| 2025-04-30 | - | - |
| 2025-04-24 | - | - |
Filings and sources
- Company website
- digitalrealty.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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