Digital Realty Trust, Inc. (DLR): price, analyst ratings, earnings and fundamentals
Updated 16 September 2026, 08:02 ET
Digital Realty Trust, Inc. (DLR) closed at $179.27 on 15 September 2026, up 0.1%. The stock is down 10.4% over one month and up 3.3% over one year. It trades 13.9% below its 52-week high of $208.14. Analysts recorded 13 actions in the last 90 days; the median price target of $222 is 23.8% above the last close. The company last reported on 23 July 2026 for Q2 2026: EPS of $2.65 against an estimate of $1.98, a beat of 33.8%, on revenue of $1.9 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open DLR in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 13 analyst actions on DLR from 11 firms: 8 maintained or reiterated a view, 4 upgrades and 1 initiation. Price targets were 9 raised and 1 lowered. The most recent targets from 17 firms range from $197 to $250, with a median of $222, 23.8% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 10 Sep 2026 | BTIG | Maintains Buy | $215.00 to $220.00 |
| 18 Aug 2026 | Evercore ISI Group | Maintains Outperform | $230.00 to $240.00 |
| 14 Aug 2026 | HSBC | Upgrades to Buy from Hold | $210.00 to $240.00 |
| 5 Aug 2026 | Argus Research | Upgrades to Buy from Hold | $212.00 |
| 30 Jul 2026 | Truist Securities | Maintains Buy | $225.00 to $220.00 |
| 29 Jul 2026 | Cantor Fitzgerald | Maintains Overweight | $211.00 to $221.00 |
| 27 Jul 2026 | RBC Capital | Maintains Outperform | $207.00 to $227.00 |
| 24 Jul 2026 | JP Morgan | Maintains Overweight | $230.00 to $235.00 |
| 24 Jul 2026 | TD Cowen | Upgrades to Buy from Hold | $192.00 to $222.00 |
| 15 Jul 2026 | Guggenheim | Upgrades to Buy from Neutral | $200.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 22 October 2026 after the close for Q3 2026, with EPS expected at $1.98 on revenue of $1.8 billion. Digital Realty Trust, Inc. beat the EPS estimate in 7 of its last 7 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q2 2026 | 23 Jul 2026 | $1.98 | $2.65 | +33.84% | $1.9B |
| Q1 2026 | 23 Apr 2026 | $1.94 | $2.04 | +5.15% | $1.6B |
| Q4 2025 | 5 Feb 2026 | $0.91 | $1.86 | +104.40% | $1.6B |
| Q3 2025 | 23 Oct 2025 | $0.85 | $1.89 | +122.35% | $1.6B |
| Q2 2025 | 24 Jul 2025 | $0.90 | $1.87 | +107.78% | $1.5B |
| Q1 2025 | 24 Apr 2025 | $1.73 | $1.77 | +2.31% | $1.4B |
| Q4 2024 | 13 Feb 2025 | $1.69 | $1.73 | +2.37% | $1.4B |
| Q3 2024 | 24 Oct 2024 | $1.67 | $1.67 | 0.00% | $1.4B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 31 March 2026, Digital Realty Trust, Inc. reported revenue of $1.6 billion and net income of $179.3 million. On a trailing twelve month basis the company shows revenue growth of 12.59%, a gross margin of N.A., an operating margin of 11.50% and a return on equity of 6.19%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $1,635,173,000 |
| Selling, General & Administrative Expenses | $154,758,000 |
| Depreciation & Amortization | $499,511,000 |
| Total Operating Expenses | $1,368,240,000 |
| Operating Profit | $267,806,000 |
| Interest Expense | $116,384,000 |
| Pre-tax Income | $195,282,000 |
| Income Tax Expense | $16,008,000 |
| Net Income | $179,274,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $532,421,000 |
| Cash from Investing Activities | -$1,332,902,000 |
| Cash from Financing Activities | -$217,949,000 |
| Dividends Paid | $871,358,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $2,426,631,000 |
| Restricted Cash | $10,841,000 |
| Other Receivables | $276,148,000 |
| Operating Lease Right-of-Use Assets | $1,105,080,000 |
| Goodwill Intangible Assets, Net | $11,317,657,000 |
| Deferred Tax Asset | $307,076,000 |
| Total Assets | $48,859,973,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Operating Lease Liabilities, Long-term | $1,218,509,000 |
| Finance Lease Liabilities | $340,630,000 |
| Deferred Income Taxes | $1,093,955,000 |
| Minority Interest | $433,543,000 |
| Total Liabilities | $23,462,959,000 |
| Preferred Stock | $731,690,000 |
| Common Stock | $3,459,000 |
| Additional Paid In Capital | $30,093,165,000 |
| Retained Earnings | -$6,946,676,000 |
| Other Accumulated Comprehensive Income | -$512,885,000 |
| Total Stockholders Equity | $23,368,753,000 |
| Total Liability & Stockholders Equity | $48,859,973,000 |
Figures as filed with the SEC for the period ended 31 March 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.01 | 41st | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 0.01 | 35th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Degree of Combined Leverage | 8.57 | 86th | This ratio summarizes the combined effect that the degree of operating leverage (DOL) and the degree of financial leverage have on earnings per share (EPS), given a particular change in sales |
| Degree of Financial Leverage | 2.67 | 94th | Calculated as the ratio of Percentage change in EPS / Percentage change in EBIT. A higher degree of financial leverage means that the company has more volatile EPS. |
| Degree of Operational Leverage | 3.21 | 77th | Calculated as the ratio of Percentage change in EBIT / Percentage change in revenue. It is a measure of how earnings for the company is impacted by its sales activity. |
Earnings Growth (EBIT)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBIT Pct Growth | 40.4% | 4th | The EBIT growth rate over the trailing twelve months (TTM) |
| EBIT Pct Growth 3 year CAGR | 5.2% | 12th | The EBIT compound annual growth rate (CAGR) over the past 3 years |
| EBIT Pct Growth 5 year CAGR | 2.3% | 94th | The Adjusted EBIT compound annual growth rate (CAGR) over the past 5 years |
Earnings Growth (EBITDA)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBITDA Pct Growth | 16.4% | 5th | The EBITDA growth rate over the trailing twelve months (TTM) |
| EBITDA Pct Growth 3 year CAGR | 19.5% | 7th | The EBITDA compound annual growth rate (CAGR) over the past 3 years |
| EBITDA Pct Growth 5 year CAGR | 28.0% | 59th | The EBITDA compound annual growth rate (CAGR) over the past 5 years |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | 231.7% | 90th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | 54.4% | 93rd | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | 21.7% | 82nd | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Operating Cashflow Pct Growth | 10.3% | 53rd | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | 13.7% | 65th | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | 7.1% | 60th | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Operating Margin Pct | 11.5% | 68th | Calculated as the ratio of (Revenue - (Cost of Goods Sold + Labour + Sales, General & Administrative)) / Revenue. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company's core business is. |
| Operating Profit Pct Growth | 40.4% | 72nd | The Operating Profit growth rate over the trailing twelve months (TTM) |
| Operating Profit Pct Growth 3 year CAGR (FY) | 5.2% | 52nd | The Operating Profit compound annual growth rate (CAGR) over the past 3 years |
| Operating Profit Pct Growth 5 year CAGR (FY) | 2.3% | 49th | The Operating Profit compound annual growth rate (CAGR) over the past 5 years |
| PreTax Margin Pct | 22.3% | 80th | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | 2.9% | 71st | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | 6.2% | 56th | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
| Return on Invested Capital Pct | 3.1% | 50th | Calculated as the ratio of (Net Income - Dividends) / (Debt + Equity). It is a measure of how efficient the company is at allocating the capital under its control to profitable investments. |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 12.6% | 67th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | 8.9% | 63rd | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 8.7% | 56th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 2.2% | 44th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open DLR in FundSpec.
Insider activity
In the last 90 days insiders filed 4 transactions: 2 acquisitions covering 306 shares and 2 disposals covering 253 shares. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 200 shares by Mark R Patterson, Director on 27 August 2026, worth about $38,792 at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 27 Aug 2026 | Mark R Patterson | Director | Disposal | 200 | $193.96 | $39K |
| 1 Jul 2026 | Christine Beseda Kornegay | CHIEF ACCOUNTING OFFICER | Disposal | 53 | $176.32 | $9K |
| 30 Jun 2026 | Susan Swanezy | Director | Acquisition | 153 | ||
| 30 Jun 2026 | Veralinn Jamieson | Director | Acquisition | 153 | ||
| 29 May 2026 | Mark R Patterson | Director | Acquisition | 1,289 | ||
| 29 May 2026 | Kevin Kennedy | Director | Acquisition | 1,289 | ||
| 29 May 2026 | Afshin Mohebbi | Director | Acquisition | 1,289 | ||
| 29 May 2026 | William G Laperch | Director | Acquisition | 1,289 | ||
| 29 May 2026 | Jean F H P Mandeville | Director | Acquisition | 1,289 | ||
| 29 May 2026 | Susan Swanezy | Director | Acquisition | 1,289 | ||
| 29 May 2026 | Mary Hogan Preusse | Director | Acquisition | 1,815 | ||
| 29 May 2026 | Stephen R. Bolze | Director | Acquisition | 1,289 | ||
| 29 May 2026 | Veralinn Jamieson | Director | Acquisition | 1,289 | ||
| 28 May 2026 | Jean F H P Mandeville | Director | Disposal | 284 | $191.43 | $54K |
| 1 Apr 2026 | Christine Beseda Kornegay | CHIEF ACCOUNTING OFFICER | Disposal | 53 | $180.45 | $10K |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 31 July 2026.
| Filed | Form | Document |
|---|---|---|
| 31 Jul 2026 | 10-Q | View on sec.gov |
| 1 May 2026 | 10-Q | View on sec.gov |
| 13 Feb 2026 | 10-K | View on sec.gov |
| 31 Oct 2025 | 10-Q | View on sec.gov |
| 1 Aug 2025 | 10-Q | View on sec.gov |
| 1 May 2025 | 10-Q | View on sec.gov |
| 25 Feb 2025 | 10-K | View on sec.gov |
| 1 Nov 2024 | 10-Q | View on sec.gov |
| 2 Aug 2024 | 10-Q | View on sec.gov |
| 3 May 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- REITs and Investment Holdings
- Industry
- Trading
- Headquarters
- SAN FRANCISCO, Texas
- Chief executive
- Arthur W. Stein
- Employees
- 3,410
- Website
- digitalrealty.com
- SEC CIK
- 0001297996
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology.
Sector and peers
Digital Realty Trust, Inc. is part of the REITs and Investment Holdings sector, which FundSpec tracks across 181 companies.
Companies in the same industry by market capitalization:
WELL Welltower Inc.PLD Prologis, Inc.EQIX Equinix Inc.AMT American Tower Corp. /Ma/SPG Simon Property Group Inc.O Realty Income Corp.PSA Public StorageVTR Ventas, Inc.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for DLR are available to subscribers, with the same screen in the iOS and Android apps.
Open DLR in FundSpec