DLR Stock Analysis: Digital Realty Trust | NYSE
REIT - Specialty | NYSE, USA | Market Cap: 64.992m USD | 12M Return: 2.9% | US2538681030 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 308M
EPS Trend: 79.4%
Qual. Beats: 1
Rev. Trend: 91.5%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Digital Realty Trust, Inc. (DLR) is a data center real estate investment trust (REIT) that provides data center, colocation, and interconnection solutions to support cloud computing, digital transformation, and AI workloads. The company operates PlatformDIGITAL, a global data center platform built around its Pervasive Datacenter Architecture (PDx) methodology, which helps customers address Data Gravity challenges by locating compute resources close to where data is generated and consumed. Digital Realtys footprint spans more than 300 facilities across 55+ metropolitan areas in 30+ countries, positioning it as one of the largest global operators in the data center sector.
As a specialized REIT, Digital Realty generates revenue primarily through long-term leases of data center space, power, and connectivity services to enterprise, cloud, and telecommunications customers. The data center REIT sub-industry has become increasingly important due to surging demand for hyperscale cloud capacity, AI training infrastructure, and edge computing. The company is headquartered in Austin, Texas, and has been publicly traded on the NYSE since its 2004 IPO.
- AI demand drives data center leasing growth and pricing power
- Interest rate sensitivity pressures REIT capital allocation and FFO growth
- Hyperscaler competition from Amazon Microsoft Google compresses colocation margins
| Net Income: 799.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 3.80 > 1.0 |
| NWC/Revenue: 3.95% < 20% (prev 30.29%; Δ -26.34% < -1%) |
| CFO/TA 0.05 > 3% & CFO 2.97b > Net Income 799.0m |
| Net Debt (18.5b) to EBITDA (3.41b): 5.42 < 3 |
| Current Ratio: 1.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (361.5m) vs 12m ago 4.57% < -2% |
| Gross Margin: 13.77% > 18% (prev 55.17%; Δ -41.40% > 0.5%) |
| Asset Turnover: 13.27% > 50% (prev 11.84%; Δ 1.43% > 0%) |
| Interest Coverage Ratio: 3.07 > 6 (EBIT TTM 1.41b / Interest Expense TTM 460.4m) |
| A: 0.00 (Total Current Assets 4.22b - Total Current Liabilities 3.95b) / Total Assets 54.5b |
| B: -0.13 (Retained Earnings -6.94b / Total Assets 54.5b) |
| C: 0.03 (EBIT TTM 1.41b / Avg Total Assets 51.6b) |
| D: 1.10 (Book Value of Equity 27.4b / Total Liabilities 25.0b) |
| Altman-Z'' = 0.96 = BB |
| DSRI: 0.83 (Receivables 1.56b/1.59b, Revenue 6.85b/5.77b) |
| GMI: 4.01 (GM 55.17% / 13.77%) |
| AQI: 0.27 (AQ_t 0.23 / AQ_t-1 0.87) |
| SGI: 1.19 (Revenue 6.85b / 5.77b) |
| TATA: -0.04 (NI 799.0m - CFO 2.97b) / TA 54.5b) |
| Beneish M = -0.74 (Cap -4..+1) = D |
As of October 20, 2026, the stock is trading at USD 173.00 with a total of 1,381,535 shares traded. Over the past week, the price has changed by -3.97%, over one month by -7.15%, over three months by -1.17% and over the past year by +2.91%.
Current recommended Stop Loss: 166.40 (which is 3.8% or 1.4 ATR below the current price).
Digital Realty Trust has received a consensus analysts rating of 4.56. Therefore, it is recommended to buy DLR.
- StrongBuy: 24
- Buy: 5
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 223.3 | 29.1% |
P/E Trailing = 86.4774
P/E Forward = 66.2252
P/S = 9.6184
P/B = 2.521
P/EG = 11.7208
Revenue TTM = 6.85b USD
EBIT TTM = 1.41b USD
EBITDA TTM = 3.41b USD
Long Term Debt = 18.4b USD (from longTermDebt, last fiscal year)
Short Term Debt = 709.8m USD (from shortTermDebt, last quarter)
Debt = 20.3b USD (corrected: LT Debt 18.4b + ST Debt 709.8m) + Leases 1.22b
Net Debt = 18.5b USD (calculated: Debt 20.3b - CCE 1.86b)
Enterprise Value = 83.5b USD (65.0b + Debt 20.3b - CCE 1.86b)
Interest Coverage Ratio = 3.07 (Ebit TTM 1.41b / Interest Expense TTM 460.4m)
EV/FCF = 61.12x (Enterprise Value 83.5b / FCF TTM 1.37b)
FCF Yield = 1.64% (FCF TTM 1.37b / Enterprise Value 83.5b)
FCF Margin = 19.94% (FCF TTM 1.37b / Revenue TTM 6.85b)
Net Margin = 11.67% (Net Income TTM 799.0m / Revenue TTM 6.85b)
Gross Margin = 13.77% ((Revenue TTM 6.85b - Cost of Revenue TTM 5.91b) / Revenue TTM)
Gross Margin QoQ = 8.42% (prev -3.80%)
Tobins Q-Ratio = 1.53 (Enterprise Value 83.5b / Total Assets 54.5b)
Interest Expense / Debt = 2.26% (Interest Expense 460.4m / Debt 20.3b)
Taxrate = 5.61% (51.7m / 921.7m)
NOPAT = 1.33b (EBIT 1.41b * (1 - 5.61%))
Current Ratio = 1.07 (Total Current Assets 4.22b / Total Current Liabilities 3.95b)
Debt / Equity = 0.74 (Debt 20.3b / totalStockholderEquity, last quarter 27.4b)
Debt / EBITDA = 5.42 (Net Debt 18.5b / EBITDA 3.41b)
Debt / FCF = 13.52 (Net Debt 18.5b / FCF TTM 1.37b)
Total Stockholder Equity = 24.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.55% (Net Income 799.0m / Total Assets 54.5b)
RoE = 3.30% (Net Income TTM 799.0m / Total Stockholder Equity 24.2b)
RoCE = 3.32% (EBIT 1.41b / Capital Employed (Equity 24.2b + L.T.Debt 18.4b))
RoIC = 2.62% (NOPAT 1.33b / Invested Capital 50.9b)
WACC = 6.46% (E(65.0b)/V(85.3b) * Re(7.81%) + D(20.3b)/V(85.3b) * Rd(2.26%) * (1-Tc(0.06)))
Discount Rate = 7.81% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 97.24 | Cagr: 5.46%
[DCF] Terminal Value 75.44% ; FCFF base≈1.37b ; Y1≈1.37b ; Y5≈1.45b
[DCF] Fair Price = 11.12 (EV 22.6b - Net Debt 18.5b = Equity 4.12b / Shares 371.0m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 79.42 | EPS CAGR: 46.76% | SUE: 1.92 | # QB: 1
Revenue Correlation: 91.45 | Revenue CAGR: 8.13% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.57 | Chg30d=-25.32% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=3.19 | Chg30d=-4.92% | Revisions=-25% | GrowthEPS=+102.4% | GrowthRev=+16.6%
EPS next Year (2027-12-31): EPS=2.76 | Chg30d=-4.47% | Revisions=-25% | GrowthEPS=-13.3% | GrowthRev=+10.8%
[Analyst] Revisions Ratio: -50% (up=0, down=3)