8-K Announcements
6Apr 23, 2026·SEC
Feb 17, 2026·SEC
Feb 5, 2026·SEC
Digital Realty Trust, Inc. (DLR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Digital Realty Trust, Inc. (DLR) stock price & volume — 10-year historical chart
Digital Realty Trust, Inc. (DLR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Digital Realty Trust, Inc. (DLR) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.46vs $0.44+4.2% | $1.6Bvs $1.6B+2.1% |
| Q1 2026 | Feb 5, 2026 | $0.24vs $0.29-16.5% | $1.6Bvs $1.6B+3.7% |
| Q4 2025 | Oct 23, 2025 | $1.89vs $1.78+6.2% | $1.6Bvs $1.6B+0.1% |
| Q3 2025 | Jul 24, 2025 | $1.87vs $1.74+7.5% | $1.5Bvs $1.5B-2.6% |
Digital Realty Trust, Inc. (DLR) competitors in Specialized Office and Lab REITs — business model, growth, and fundamentals comparison
Digital Realty Trust, Inc. (DLR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Digital Realty Trust, Inc. (DLR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.46B | 3.05B | 3.21B | 3.9B | 4.43B | 4.69B | 5.48B | 5.55B | 6.11B |
| Revenue Growth % | 14.74% | 23.95% | 5.34% | 21.64% | 13.43% | 5.96% | 16.74% | 1.42% | 10.04% |
| Property Operating Expenses | 894.61M | 1.1B | 1.19B | 1.51B | 1.78B | 2.02B | 2.6B | 2.52B | 2.73B |
| Net Operating Income (NOI) | 1.56B▲ 0% | 1.95B▲ 24.6% | 2.02B▲ 3.5% | 2.39B▲ 18.5% | 2.65B▲ 10.9% | 2.67B▲ 0.9% | 2.88B▲ 7.7% | 3.04B▲ 5.4% | 3.39B▲ 11.5% |
| NOI Margin % | 63.6% | 63.96% | 62.83% | 61.21% | 59.84% | 57% | 52.56% | 54.65% | 55.39% |
| Operating Expenses | 1.11B | 1.4B | 1.42B | 1.83B | 1.96B | 2.08B | 2.35B | 2.56B | 2.73B |
| G&A Expenses | 161.44M | 163.67M | 211.1M | 351.37M | 400.65M | 422.17M | 449.06M | 480.02M | 560.54M |
| EBITDA | 1.29B | 1.74B | 1.76B | 1.92B | 2.18B | 2.17B | 2.22B | 2.24B | 2.55B |
| EBITDA Margin % | 52.64% | 57.01% | 54.78% | 49.29% | 49.25% | 46.21% | 40.52% | 40.39% | 41.77% |
| Depreciation & Amortization | 842.46M | 1.19B | 1.16B | 1.37B | 1.49B | 1.58B | 1.69B | 1.77B | 1.89B |
| D&A / Revenue % | 34.28% | 38.96% | 36.26% | 35% | 33.57% | 33.63% | 30.94% | 31.9% | 31% |
| Operating Income | 451.3M▲ 0% | 549.79M▲ 21.8% | 594.22M▲ 8.1% | 557.53M▼ 6.2% | 694.01M▲ 24.5% | 589.97M▼ 15.0% | 524.46M▼ 11.1% | 471.86M▼ 10.0% | 658.49M▲ 39.6% |
| Operating Margin % | 18.36% | 18.05% | 18.52% | 14.28% | 15.67% | 12.57% | 9.58% | 8.49% | 10.77% |
| Interest Expense | 258.64M | 321.53M | 353.06M | 333.02M | 293.85M | 299.13M | 437.74M | 452.84M | 437.95M |
| Interest Coverage | 2.02x | 2.07x | 2.73x | 2.20x | 7.19x | 2.38x | 3.34x | 2.42x | 3.87x |
| Non-Operating Income | -71.52M | -114.94M | -370.06M | -176.27M | -1.42B | -121.04M | -939.17M | -624.06M | -1.03B |
| Pretax Income | 264.17M▲ 0% | 343.2M▲ 29.9% | 611.22M▲ 78.1% | 400.78M▼ 34.4% | 1.82B▲ 354.2% | 411.88M▼ 77.4% | 1.03B▲ 149.1% | 643.09M▼ 37.3% | 1.35B▲ 109.2% |
| Pretax Margin % | 10.75% | 11.27% | 19.05% | 10.27% | 41.11% | 8.78% | 18.73% | 11.58% | 22.01% |
| Income Tax | 7.9M | 2.08M | 11.99M | 38.05M | 72.8M | 31.55M | 75.58M | 54.76M | 32.04M |
| Effective Tax Rate % | 2.99% | 0.61% | 1.96% | 9.49% | 4% | 7.66% | 7.37% | 8.52% | 2.38% |
| Net Income | 248.26M▲ 0% | 331.25M▲ 33.4% | 579.76M▲ 75.0% | 356.4M▼ 38.5% | 1.71B▲ 379.6% | 377.68M▼ 77.9% | 948.84M▲ 151.2% | 602.49M▼ 36.5% | 1.31B▲ 117.2% |
| Net Margin % | 10.1% | 10.87% | 18.07% | 9.13% | 38.6% | 8.05% | 17.32% | 10.85% | 21.41% |
| Net Income Growth % | -41.75% | 33.43% | 75.02% | -38.53% | 379.59% | -77.9% | 151.23% | -36.5% | 117.2% |
| Funds From Operations (FFO) | 1.09B▲ 0% | 1.52B▲ 39.2% | 1.74B▲ 14.8% | 1.72B▼ 1.2% | 3.2B▲ 85.5% | 1.96B▼ 38.8% | 2.64B▲ 35.2% | 2.37B▼ 10.2% | 3.2B▲ 34.9% |
| FFO Margin % | 44.38% | 49.83% | 54.33% | 44.13% | 72.18% | 41.68% | 48.27% | 42.74% | 52.4% |
| FFO Growth % | -3.09% | 39.19% | 14.85% | -1.19% | 85.51% | -38.81% | 35.18% | -10.19% | 34.91% |
| FFO per Share | 6.24 | 7.35 | 8.32 | 6.56 | 11.28 | 6.56 | 8.55 | 7.16 | 9.11 |
| FFO Payout Ratio % | 59.26% | 55.95% | 52.87% | 67.49% | 43.16% | 74.18% | 57.52% | 68.79% | 53.96% |
| EPS (Diluted) | 0.99▲ 0% | 1.21▲ 22.2% | 2.35▲ 94.2% | 1.00▼ 57.4% | 5.94▲ 494.0% | 1.11▼ 81.3% | 3.00▲ 170.3% | 1.61▼ 46.3% | 3.58▲ 122.4% |
| EPS Growth % | -55% | 22.22% | 94.21% | -57.45% | 494% | -81.31% | 170.27% | -46.33% | 122.36% |
| EPS (Basic) | 0.99 | 1.21 | 2.37 | 1.01 | 5.95 | 1.18 | 3.04 | 1.74 | 3.73 |
| Diluted Shares Outstanding | 174.9M | 206.67M | 209.46M | 262.52M | 283.22M | 297.92M | 309.06M | 331.55M | 351.57M |
Digital Realty Trust, Inc. (DLR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 21.4B | 23.77B | 23.07B | 36.08B | 36.37B | 41.48B | 44.11B | 45.28B | 49.41B |
| Asset Growth % | 75.55% | 11.04% | -2.94% | 56.39% | 0.81% | 14.07% | 6.34% | 2.65% | 9.11% |
| Real Estate & Other Assets | 14.24B | 15.55B | 14.89B | 21.38B | 21.67B | 24.73B | 25.28B | 25.23B | 2.54B |
| PP&E (Net) | 0 | 0 | 628.68M | 1.39B | 1.41B | 1.35B | 1.41B | 1.18B | 26.43B |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 429.07M | 426.32M | 625.25M | 711.61M | 814.42M | 1.11B | 3.38B | 5.13B | 5.16B |
| Cash & Equivalents | 51K | 126.7M | 89.82M | 108.5M | 142.7M | 141.77M | 1.63B | 3.87B | 3.45B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 152.67M | 0 | 229.93M | 0 | -547.38M | -601.59M | -145.92M | -642.46M | 349.83M |
| Intangible Assets | 3.18B | 3.26B | 2.27B | 3.12B | 2.74B | 3.09B | 2.5B | 2.18B | 2.13B |
| Total Liabilities | 10.3B | 12.89B | 12.42B | 17.59B | 17.85B | 21.86B | 23.12B | 22.11B | 24.56B |
| Total Debt | 8.65B | 11.1B | 10.99B | 14.77B | 14.96B | 18.07B | 18.97B | 18.01B | 24.18B |
| Net Debt | 8.65B | 10.97B | 10.9B | 14.66B | 14.82B | 17.93B | 17.34B | 14.14B | 20.73B |
| Long-Term Debt | 8.1B | 9.45B | 9.89B | 12.77B | 13.05B | 14.45B | 15.61B | 15.1B | 20B |
| Short-Term Borrowings | 550.95M | 1.65B | 234.1M | 531.9M | 398.17M | 2.15B | 1.81B | 1.61B | 1.15B |
| Capital Lease Obligations | 0 | 0 | 871.63M | 1.47B | 1.51B | 1.47B | 1.54B | 1.29B | 3.03B |
| Total Current Liabilities | 1.74B | 3.03B | 1.3B | 2.28B | 2.62B | 4.75B | 4.81B | 4.63B | 1.15B |
| Accounts Payable | 980.22M | 1.16B | 831.07M | 1.42B | 1.54B | 1.87B | 2.17B | 2.06B | 2.6B |
| Deferred Revenue | 199.76M | 209.31M | 208.72M | 371.66M | 336.58M | 369.65M | 401.87M | 539.8M | 0 |
| Other Liabilities | 467.36M | 409.42M | 208.72M | 371.66M | 0 | 0 | 0 | 0 | -742.46M |
| Total Equity | 11.1B▲ 0% | 10.87B▼ 2.1% | 10.65B▼ 2.1% | 18.49B▲ 73.6% | 18.52B▲ 0.2% | 19.62B▲ 5.9% | 21B▲ 7.0% | 23.18B▲ 10.4% | 24.85B▲ 7.2% |
| Equity Growth % | 116.34% | -2.07% | -2.06% | 73.61% | 0.19% | 5.93% | 7% | 10.38% | 7.21% |
| Shareholders Equity | 10.35B | 9.86B | 9.88B | 17.72B | 18B | 17.58B | 19.12B | 21.34B | 22.93B |
| Minority Interest | 754.27M | 1.02B | 770.25M | 770.65M | 519.21M | 2.04B | 1.88B | 1.84B | 1.92B |
| Common Stock | 2.04M | 2.05M | 2.07M | 2.79M | 2.82M | 2.89M | 3.09M | 3.34M | 3.41M |
| Additional Paid-in Capital | 11.26B | 11.36B | 11.58B | 20.63B | 21.08B | 22.14B | 24.4B | 28.08B | 29.35B |
| Retained Earnings | -2.06B | -2.63B | -3.05B | -4B | -3.63B | -4.7B | -5.26B | 0 | -6.69B |
| Preferred Stock | 1.25B | 1.25B | 1.43B | 950.94M | 731.69M | 731.69M | 731.69M | 731.69M | 731.69M |
| Return on Assets (ROA) | 1.48% | 1.47% | 2.48% | 1.21% | 4.72% | 0.97% | 2.22% | 1.35% | 2.76% |
| Return on Equity (ROE) | 3.06% | 3.01% | 5.39% | 2.45% | 9.24% | 1.98% | 4.67% | 2.73% | 5.45% |
| Debt / Assets | 40.41% | 46.71% | 47.66% | 40.95% | 41.13% | 43.55% | 43% | 39.77% | 48.94% |
| Debt / Equity | 0.78x | 1.02x | 1.03x | 0.80x | 0.81x | 0.92x | 0.90x | 0.78x | 0.97x |
| Net Debt / EBITDA | 6.68x | 6.32x | 6.20x | 7.62x | 6.80x | 8.27x | 7.81x | 6.30x | 8.12x |
| Book Value per Share | 63.49 | 52.61 | 50.84 | 70.43 | 65.40 | 65.86 | 67.93 | 69.90 | 70.67 |
Digital Realty Trust, Inc. (DLR) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.02B | 1.39B | 1.51B | 1.71B | 1.7B | 1.66B | 1.63B | 2.26B | 2.41B |
| Operating CF Growth % | 12.17% | 35.38% | 9.28% | 12.73% | -0.25% | -2.52% | -1.48% | 38.34% | 6.66% |
| Operating CF / Revenue % | 41.63% | 45.47% | 47.17% | 43.72% | 38.44% | 35.37% | 29.85% | 40.71% | 39.46% |
| Net Income | 256.27M | 341.12M | 599.22M | 362.73M | 1.75B | 380.32M | 950.31M | 602.49M | 1.31B |
| Depreciation & Amortization | 595M | 770.27M | 809.47M | 1.37B | 1.49B | 1.58B | 1.69B | 1.77B | 1.89B |
| Stock-Based Compensation | 20.52M | 27.16M | 34.91M | 74.58M | 84.08M | 92.46M | 80.53M | 75.61M | 0 |
| Other Non-Cash Items | 262.86M | 458.23M | 387.02M | 31.89M | 52.11M | -160.99M | -711.17M | -213.09M | -828.35M |
| Working Capital Changes | -107.73M | -130.51M | -30.5M | -8.42M | -309.83M | -230.34M | -379.75M | 24.67M | 37.26M |
| Cash from Investing | -1.36B | -3.04B | -274.99M | -2.6B | -1.06B | -4.7B | -1.12B | -1.91B | -2.23B |
| Acquisitions (Net) | 63.04M | 115.33M | 1.3B | -23.24M | -189.35M | -2.23B | -146.77M | -508M | 0 |
| Purchase of Investments | -93.41M | -13.25M | -2.6M | -144.32M | 827.03M | -296.1M | 0 | 0 | 0 |
| Sale of Investments | 63.96M | 0 | 1.49B | 70.02M | 1.69B | 271.57M | 0 | 0 | 0 |
| Other Investing | -1.48B | -3.14B | -1.56B | -323.13M | -872.37M | 194.5M | -968.34M | -1.4B | -2.23B |
| Cash from Financing | 321.2M | 1.76B | -1.27B | 935.69M | -590.63M | 2.97B | 963.47M | 2.06B | -486.74M |
| Dividends Paid | -715.21M | -930.78M | -996.77M | -1.24B | -1.38B | -1.45B | -1.52B | -1.63B | -1.73B |
| Common Dividends | -646.41M | -849.47M | -921.78M | -1.16B | -1.38B | -1.45B | -1.52B | -1.63B | -1.73B |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Share Repurchases | -182.5M | -3.86M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -19.55M | 25.4M | 47.69M | 84.87M | 90.34M | 96.39M | -57.49M | 8.61M | -54.88M |
| Net Change in Cash | -8.86M▲ 0% | 122.04M▲ 1478.2% | -37.97M▼ 131.1% | 26.4M▲ 169.5% | 27.83M▲ 5.4% | -789K▼ 102.8% | 1.49B▲ 188411.0% | 2.24B▲ 50.8% | -419.24M▼ 118.7% |
| Exchange Rate Effect | 3.79M | 15.44M | -4.77M | -16.48M | -22.04M | 70.08M | 2.63M | -178.52M | -113.34M |
| Cash at Beginning | 22.04M | 13.18M | 135.22M | 97.25M | 123.65M | 151.49M | 150.7M | 1.64B | 3.87B |
| Cash at End | 13.18M | 135.22M | 97.25M | 123.65M | 151.49M | 150.7M | 1.64B | 3.88B | 3.45B |
| Free Cash Flow | -178.17M▲ 0% | 11.66M▲ 106.5% | 10.84M▼ 7.1% | -472.14M▼ 4456.7% | -818.54M▼ 73.4% | -983.71M▼ 20.2% | -1.89B▼ 92.2% | -570.26M▲ 69.8% | 2.41B▲ 523.0% |
| FCF Growth % | -229.16% | 106.54% | -7.06% | -4456.73% | -73.37% | -20.18% | -92.21% | 69.84% | 522.99% |
| FCF / Revenue % | -7.25% | 0.38% | 0.34% | -12.09% | -18.49% | -20.97% | -34.52% | -10.27% | 39.46% |
Digital Realty Trust, Inc. (DLR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 7.47 | 6.24 | 7.35 | 8.32 | 6.56 | 11.28 | 6.56 | 8.55 | 7.16 | 9.11 |
| FFO Payout Ratio | 46.35% | 59.26% | 55.95% | 52.87% | 67.49% | 43.16% | 74.18% | 57.52% | 68.79% | 53.96% |
| NOI Margin | 64.4% | 63.6% | 63.96% | 62.83% | 61.21% | 59.84% | 57% | 52.56% | 54.65% | 55.39% |
| Net Debt / EBITDA | 4.87x | 6.68x | 6.32x | 6.20x | 7.62x | 6.80x | 8.27x | 7.81x | 6.30x | 8.12x |
| Debt / Assets | 47.89% | 40.41% | 46.71% | 47.66% | 40.95% | 41.13% | 43.55% | 43% | 39.77% | 48.94% |
| Interest Coverage | 2.83x | 2.02x | 2.07x | 2.73x | 2.20x | 7.19x | 2.38x | 3.34x | 2.42x | 3.87x |
| Book Value / Share | 34.06 | 63.49 | 52.61 | 50.84 | 70.43 | 65.4 | 65.86 | 67.93 | 69.9 | 70.67 |
| Revenue Growth | 21.49% | 14.74% | 23.95% | 5.34% | 21.64% | 13.43% | 5.96% | 16.74% | 1.42% | 10.04% |
Digital Realty Trust, Inc. (DLR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 23, 2026·SEC
Feb 17, 2026·SEC
Feb 5, 2026·SEC
Digital Realty Trust, Inc. (DLR) stock FAQ — growth, dividends, profitability & financials explained
Digital Realty Trust, Inc. (DLR) reported $6.19B in revenue for fiscal year 2025. This represents a 9712% increase from $63.1M in 2003.
Digital Realty Trust, Inc. (DLR) grew revenue by 10.0% over the past year. This is steady growth.
Yes, Digital Realty Trust, Inc. (DLR) is profitable, generating $1.31B in net income for fiscal year 2025 (21.4% net margin).
Yes, Digital Realty Trust, Inc. (DLR) pays a dividend with a yield of 2.50%. This makes it attractive for income-focused investors.
Digital Realty Trust, Inc. (DLR) has a return on equity (ROE) of 5.5%. This is below average, suggesting room for improvement.
Digital Realty Trust, Inc. (DLR) generated Funds From Operations (FFO) of $3.20B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Digital Realty Trust, Inc. (DLR) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates