(DLR) Digital Realty Trust - NYSE
Sector: Real Estate | Industry: REIT - Specialty | Exchange: NYSE (USA) | Market Cap: 67.301m USD | Total Return: 9.2% in 12m
Avg Turnover: 440M
EPS Trend: 77.6%
Qual. Beats: 0
Rev. Trend: 93.8%
Qual. Beats: 0
Warnings
Altman Z'' 0.86 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Digital Realty Trust, Inc. is a Maryland-based Real Estate Investment Trust (REIT) that specializes in the ownership, development, and operation of data centers globally. The company provides critical infrastructure for colocation and interconnection services, supporting a diverse client base across sectors such as cloud computing, financial services, and healthcare. As of early 2026, the firm manages a portfolio of 309 facilities across six continents, representing 3.0 gigawatts of active IT capacity and an additional 6.3 gigawatts in development.
The company operates under a REIT structure, which requires it to distribute at least 90% of taxable income to shareholders in exchange for corporate-level tax exemptions. Data center REITs benefit from high barriers to entry due to the significant capital expenditure required for specialized power cooling systems and fiber-optic connectivity. Investors may find it useful to review ValueRay for deeper technical analysis of these infrastructure assets.
- Surge in generative AI demand accelerates multi-gigawatt development pipeline capacity utilization
- High interest rates increase debt servicing costs for capital-intensive data center expansions
- Cloud service provider capital expenditure cycles dictate wholesale colocation leasing velocity
- Global power grid constraints and rising energy costs impact operational margin stability
- Strategic interconnection growth and cross-connect volume drive high-margin recurring service revenue
| Net Income: 1.38b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 3.81 > 1.0 |
| NWC/Revenue: -0.08% < 20% (prev 18.76%; Δ -18.84% < -1%) |
| CFO/TA 0.05 > 3% & CFO 2.55b > Net Income 1.38b |
| Net Debt (18.0b) to EBITDA (3.93b): 4.58 < 3 |
| Current Ratio: 1.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (353.3m) vs 12m ago 2.48% < -2% |
| Gross Margin: 25.12% > 18% (prev 55.04%; Δ -29.92% > 0.5%) |
| Asset Turnover: 13.66% > 50% (prev 12.49%; Δ 1.17% > 0%) |
| Interest Coverage Ratio: 4.34 > 6 (EBIT TTM 1.98b / Interest Expense TTM 455.9m) |
| A: -0.00 (Total Current Assets 3.86b - Total Current Liabilities 3.86b) / Total Assets 48.9b |
| B: -0.14 (Retained Earnings -6.95b / Total Assets 48.9b) |
| C: 0.04 (EBIT TTM 1.98b / Avg Total Assets 47.0b) |
| D: 1.00 (Book Value of Equity 23.4b / Total Liabilities 23.5b) |
| Altman-Z'' = 0.86 = B |
| DSRI: 0.91 (Receivables 1.43b/1.37b, Revenue 6.42b/5.63b) |
| GMI: 2.19 (GM 55.04% / 25.12%) |
| AQI: 1.03 (AQ_t 0.90 / AQ_t-1 0.87) |
| SGI: 1.14 (Revenue 6.42b / 5.63b) |
| TATA: -0.02 (NI 1.38b - CFO 2.55b) / TA 48.9b) |
| Beneish M = -1.90 (Cap -4..+1) = B |
As of June 22, 2026, the stock is trading at USD 188.15 with a total of 5,037,114 shares traded.
Over the past week, the price has changed by +3.59%,
over one month by -2.50%,
over three months by +7.33% and
over the past year by +9.16%.
Digital Realty Trust has received a consensus analysts rating of 4.07. Therefore, it is recommended to buy DLR.
- StrongBuy: 12
- Buy: 7
- Hold: 6
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 218.7 | 16.2% |
P/E Trailing = 50.0399
P/E Forward = 86.9565
P/S = 10.6589
P/B = 2.9207
P/EG = 12.6869
Revenue TTM = 6.42b USD
EBIT TTM = 1.98b USD
EBITDA TTM = 3.93b USD
Long Term Debt = 17.3b USD (from longTermDebt, last quarter)
Short Term Debt = 708.0m USD (from shortTermDebt, last quarter)
Debt = 20.4b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.22b
Net Debt = 18.0b USD (calculated: Debt 20.4b - CCE 2.43b)
Enterprise Value = 85.3b USD (67.3b + Debt 20.4b - CCE 2.43b)
Interest Coverage Ratio = 4.34 (Ebit TTM 1.98b / Interest Expense TTM 455.9m)
EV/FCF = 73.94x (Enterprise Value 85.3b / FCF TTM 1.15b)
FCF Yield = 1.35% (FCF TTM 1.15b / Enterprise Value 85.3b)
FCF Margin = 17.98% (FCF TTM 1.15b / Revenue TTM 6.42b)
Net Margin = 21.47% (Net Income TTM 1.38b / Revenue TTM 6.42b)
Gross Margin = 25.12% ((Revenue TTM 6.42b - Cost of Revenue TTM 4.81b) / Revenue TTM)
Gross Margin QoQ = -3.80% (prev -1.41%)
Tobins Q-Ratio = 1.75 (Enterprise Value 85.3b / Total Assets 48.9b)
Interest Expense / Debt = 2.23% (Interest Expense 455.9m / Debt 20.4b)
Taxrate = 2.07% (30.9m / 1.49b)
NOPAT = 1.94b (EBIT 1.98b * (1 - 2.07%))
Current Ratio = 1.00 (Total Current Assets 3.86b / Total Current Liabilities 3.86b)
Debt / Equity = 0.87 (Debt 20.4b / totalStockholderEquity, last quarter 23.4b)
Debt / EBITDA = 4.58 (Net Debt 18.0b / EBITDA 3.93b)
Debt / FCF = 15.61 (Net Debt 18.0b / FCF TTM 1.15b)
Total Stockholder Equity = 23.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.93% (Net Income 1.38b / Total Assets 48.9b)
RoE = 5.98% (Net Income TTM 1.38b / Total Stockholder Equity 23.1b)
RoCE = 4.90% (EBIT 1.98b / Capital Employed (Equity 23.1b + L.T.Debt 17.3b))
RoIC = 4.26% (NOPAT 1.94b / Invested Capital 45.4b)
WACC = 6.89% (E(67.3b)/V(87.7b) * Re(8.32%) + D(20.4b)/V(87.7b) * Rd(2.23%) * (1-Tc(0.02)))
Discount Rate = 8.32% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 6.62%
[DCF] Terminal Value 75.44% ; FCFF base≈1.15b ; Y1≈1.16b ; Y5≈1.23b
[DCF] Fair Price = 3.07 (EV 19.1b - Net Debt 18.0b = Equity 1.08b / Shares 351.4m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 77.59 | EPS CAGR: 35.18% | SUE: 0.05 | # QB: 0
Revenue Correlation: 93.80 | Revenue CAGR: 6.79% | SUE: 0.82 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.73 | Chg30d=+0.00% | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.77 | Chg30d=+0.00% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=2.97 | Chg30d=+0.00% | Revisions=-20% | GrowthEPS=+88.6% | GrowthRev=+10.5%
EPS next Year (2027-12-31): EPS=2.86 | Chg30d=+0.00% | Revisions=-20% | GrowthEPS=-3.5% | GrowthRev=+10.9%
[Analyst] Revisions Ratio: -20%