Digital Realty Trust Inc
Digital Realty Trust Inc (DLR) is listed on NYSE and classified in REIT - Specialty, part of the Real Estate sector. It is headquartered in Austin, United States and has 4,282 employees. The company is worth $64.56B and trades at 85.5x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $6.11B in fiscal 2025, up 10.0% from the year before. Net income was $1.31B. The share price is 17.9% below its 52-week high of $208.14. It pays a dividend yielding 2.85%. 9 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Andreas Halvorsen (Viking Global Investors), at $414.92M. In that quarter, 5 of them opened or added to the position and 4 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +4.9% over 5Y.
today you would have $1,321.70▲ +32.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $154.71 | $177.33 | $134.58 | $100.27 | $176.87 | $139.51 | $119.74 | $106.55 | $113.90 | $98.26 | $75.62 | $66.30 | $49.12 | $67.89 | $66.67 | $51.54 | $50.28 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 2.9% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 51.0 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.1x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 7.6% a year against a 9.1% required return, from the stock’s beta.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| PSAPublic Storage | $309.13 | 28.5x | 11.2x | 3.88% | 21.93% | $57.76B |
| ORealty Income Corp | $57.06 | 41.3x | 1.4x | 5.71% | 3.23% | $53.99B |
| SPGSimon Property Group Inc | $212.04 | 14.5x | 15.6x | 4.20% | 120.51% | $80.5B |
| AMTAmerican Tower Corp | $181.57 |
| 51.0x |
| 43.2x |
| 110.1x |
| 46.7x |
| 90.3x |
| 29.8x |
| 139.5x |
| 51.0x |
| 88.1x |
| 115.1x |
| 44.7x |
| 48.5x |
| 67.0x |
| 23.2x |
| 45.9x |
| 50.5x |
| 75.8x |
| 82.4x |
| P/S | 7.3x | 8.7x | 10.7x | 7.7x | 6.2x | 11.4x | 10.0x | 7.8x | 7.3x | 9.5x | 7.3x | 6.3x | 5.6x | 4.3x | 6.6x | 6.7x | 5.4x | 6.1x |
| P/B | 2.4x | 2.3x | 2.8x | 2.2x | 1.7x | 2.8x | 2.2x | 2.5x | 2.2x | 2.3x | 3.1x | 2.5x | 2.3x | 1.7x | 2.5x | 2.8x | 2.4x | 2.4x |
| EPS | $3.58 | $1.61 | $2.88 | $1.11 | $5.94 | $1.00 | $2.35 | $1.21 | $0.99 | $2.20 | $1.56 | $0.99 | $2.12 | $1.48 | $1.32 | $0.68 | $0.61 |
| Dividend yield | 3.63% | 3.15% | 2.75% | 3.63% | 4.87% | 2.62% | 3.21% | 3.61% | 3.79% | 3.27% | 3.58% | 4.50% | 5.01% | 6.35% | 4.30% | 4.08% | 3.92% | 2.92% |
| Payout | 217.95% | 136.31% | 303.11% | 169.44% | 439.64% | 78.11% | 448.00% | 183.83% | 333.88% | 375.76% | 160.00% | 217.95% | 335.35% | 147.17% | 197.30% | 206.06% | 297.06% | 240.98% |
| Profit margin | 14.70% | 21.41% | 10.85% | 17.32% | 8.05% | 38.60% | 9.13% | 18.07% | 10.87% | 10.10% | 19.89% | 16.83% | 12.38% | 21.22% | 16.44% | 14.70% | 11.82% | 13.76% |
| ROE | 5.36% | 5.71% | 2.82% | 4.96% | 2.15% | 9.49% | 2.01% | 5.87% | 3.36% | 2.40% | 8.36% | 6.59% | 5.16% | 8.71% | 6.06% | 6.19% | 5.21% | 5.36% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
+13.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 24.4x |
| 22.7x |
| 3.94% |
| 33.91% |
| $84.6B |
| VMRKVivmark Residential | $63.57 | 24.4x | — | 4.42% | 8.49% | $49.19B |
| VTRVentas, Inc. | $86.99 | 161.1x | 3.0x | 2.39% | 2.01% | $44.62B |