DLR

Digital Realty Trust
D

DLR

Arincen52/100B

Digital Realty Trust financials

Yes. Digital Realty Trust earned 926.56M USD of net income over the last twelve months, 13.1% of its revenue. It made a profit in 23 of its 24 fiscal years since 2002. Its last loss was in fiscal year 2002.

Revenue (TTM)
7.10B USD
Net income (TTM)
926.56M USD
Free cash flow (TTM)
1.37B USD
Cash and short-term investments
802.90M USD
Total debt
20.69B USD
Shareholders' equity
28.11B USD

Cash, debt and equity as of 30 Sept 2026.

Digital Realty Trust earnings

Next earnings · Q4 FY2026
EPS estimate
0.58 USD
Revenue estimate
1.84B USD
Last quarter · Q3 FY2026
EPS0.48Missed -8.4%Revenue1.90BBeat +8.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20270.73——+52.37%2.09B——+9.61%
Q2 FY20270.69——-42.72%1.99B——+3.61%
Q1 FY20270.64——+39.49%1.91B——+16.69%
Q4 FY20260.58——+140.00%1.84B——+12.74%
Q3 FY20260.520.48-8.40%+182.35%1.75B1.90B+8.45%+20.62%
Q2 FY20260.481.21+150.57%-58.84%1.66B1.92B+16.08%+28.86%
Q1 FY20260.440.46+4.19%+70.37%1.60B1.64B+2.10%+16.16%
Q4 FY20250.290.24-16.46%-52.94%1.58B1.63B+3.65%+13.85%
Q3 FY20250.310.17-44.89%+41.90%1.53B1.58B+3.22%+10.20%
Q2 FY20250.412.94+618.48%+1,370.00%1.45B1.49B+3.17%+10.05%

Digital Realty Trust growth and profitability

Full income statement
Revenue (TTM)
7.10B USD
Net income (TTM)
926.56M USD
Gross margin
15.94%
Operating margin
2.78%
Net margin
13.06%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20256.11B+10.04%1.31B+117.20%55.39%10.77%21.41%3.59B+25.10%
FY20245.55B+1.42%602.49M-36.50%54.65%8.49%10.85%2.87B-9.21%
FY20235.48B+16.74%948.84M+151.23%52.56%9.58%17.32%3.16B+37.99%
FY20224.69B+5.96%377.68M-77.90%57.00%12.57%8.05%2.29B-36.43%
FY20214.43B+13.43%1.71B+379.59%59.84%15.67%38.60%3.60B+71.45%

How Digital Realty Trust makes its money

Rental And Other Services5.97B 97.6%
Fee Income And Other143.77M 2.4%
Revenue6.11B 100.0%
Cost of revenue2.73B 44.6%
Gross profit3.39B 55.4%
Selling and administration560.55M 9.2%
Other operating expenses2.17B 35.4%
Operating income658.49M 10.8%
Tax32.04M 0.5%
Net income1.31B 21.4%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Digital Realty Trust revenue breakdown

By product

FY2025
Rental And Other Services: 97.6%Fee Income And Other: 2.4%97.6%Rental And Other Services2.4%Fee Income And Other
SegmentRevenueShare of revenueChange on the year
Rental And Other Services5.97B97.6%+8.9%
Fee Income And Other143.77M2.4%+98.3%

By region

FY2025
United States: 51.8%Non-US: 48.2%51.8%United States48.2%Non-US
RegionRevenueShare of revenueChange on the year
United States3.17B51.8%+8.8%
Non-US2.95B48.2%+11.4%

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY20252.41B2.41B
FY20242.26B-570.26M
FY20231.63B-1.89B
FY20221.66B-983.71M
FY20211.70B-818.54M
FY20201.71B-472.14M
FY20191.51B10.84M
FY20181.39B11.66M
FY20171.02B-178.17M
FY2016912.26M137.94M

Digital Realty Trust financial health

Full balance sheet
Cash and short-term investments
802.90M USD
Total debt
20.69B USD
Net cash
-19.88B USD
Free cash flow (TTM)
1.37B USD
Current ratio
0.72
Debt to equity
0.74
Piotroski score
6 / 9
Altman Z-score
1.57

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20253.45B24.18B2.41B
FY20243.87B18.01B-570.26M
FY20231.63B18.97B-1.89B
FY2022141.77M18.07B-983.71M
FY2021142.70M14.96B-818.54M

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY202549.41B24.56B22.93B
FY202445.28B22.11B21.34B
FY202344.11B23.12B19.12B
FY202241.48B21.86B17.58B
FY202136.37B17.85B18.00B
FY202036.08B17.59B17.72B
FY201923.07B12.42B9.88B
FY201823.77B12.89B9.86B
FY201721.40B10.30B10.35B
FY201612.19B7.06B5.10B

Digital Realty Trust valuation

Price to earnings ratio (TTM)
71.61
Forward P/E (FY2026)
63.95
Price to sales (TTM)
9.54
Price to book
2.41
EV / EBITDA (TTM)
24.62

Capital structure

Market capitalization
67.73B USD
+
Total debt
20.69B USD
−
Cash and short-term investments
802.90M USD
=
Enterprise value
87.61B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)54.35————
FY2027 (est.)66.2254.35———
FY2026 (est.)63.9566.22———
Now (TTM)71.6165.929.542.4124.62
FY202541.4855.298.692.3220.59
FY2024101.9148.4410.322.6924.92
FY202344.2794.647.342.1018.21
FY202284.9755.536.121.6320.37
FY202129.7355.5311.282.7717.99

Digital Realty Trust against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: American Tower, Equinix, Crown Castle, Iron Mountain, SBA Communications, and Lamar Advertising, the US REIT - Specialty companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median71.6
    19.9153.9
  • Gross marginAt its median55.4%
    52.6%59.8%
    Against its peers: 3 of 7Peers' median 46.5%
  • Operating marginAt its median10.8%
    8.5%15.7%
    Against its peers: 7 of 7Peers' median 38.3%
  • Net marginAbove its median21.4%
    8.0%38.6%
    Against its peers: 4 of 7Peers' median 19.2%
  • Return on equityAbove its median5.7%
    2.1%9.5%
    Against its peers: 4 of 4Peers' median 58.0%
  • Free cash flow marginHighest in 5 years39.5%
    -34.5%39.5%
    Against its peers: 2 of 7Peers' median 34.0%
  • Revenue growthAt its median10.0%
    1.4%16.7%
    Against its peers: 2 of 7Peers' median 5.1%
  • EPS growthAt its median122.4%
    -81.3%494.0%
    Against its peers: 1 of 6Peers' median 41.2%
  • Debt to EBITDAAbove its median6.74×
    4.15×7.89×
    Against its peers: 3 of 7Peers' median 7.51×
  • Current ratioHighest in 5 years4.50
    0.234.50
    Against its peers: 1 of 7Peers' median 0.62

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Digital Realty Trust dividends

Annual dividend
4.88 USD
Dividend yield (indicated)
2.73%
Payout ratio (FFO)
63.38%
Frequency
Quarterly
Last payment
1.22 USD
Last ex-dividend date
15 Sept 2026
Last payment date
30 Sept 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share4.884.884.884.824.604.444.253.963.673.49

Digital Realty Trust ownership

Institutions
111.29%
Institutional holders
1,365 (+77)
Free float
94.79%

Who owns the shares

Institutions 100.0% Others 0.0%
As of 30 Jun 2026

Shares free to trade

Free float 358.60M shares ·94.8% Closely held 19.73M shares ·5.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026000.0054.00
Q3 202601312.00253.00
Q2 20260012.43K337.00
Q1 202600232.73K128.00

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025343.49M347.81M+4.91%
FY2024323.34M331.55M+7.27%
FY2023298.60M309.07M+3.74%
FY2022286.33M297.92M+5.19%
FY2021282.47M283.22M+7.88%

Common questions about Digital Realty Trust's financials

Source: Financial Modeling Prep