Digital Realty Trust, Inc. (DLR)

US — Real Estate Sector
Peers: SPG  O  PSA  CBRE  EQIX  CCI  AMT 

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Key Metrics & Ratings

  • symbol DLR
  • Rev/Share 17.324
  • Book/Share 73.2027
  • PB 2.2779
  • Debt/Equity 0.8474
  • CurrentRatio 1.5583
  • ROIC 0.0146

 

  • MktCap 52775234910.0
  • FreeCF/Share 7.214
  • PFCF 21.4302
  • PE 37.476
  • Debt/Assets 0.4004
  • DivYield 0.0318
  • ROE 0.0632

 

  • Rating C+
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 1
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation DLR Daiwa Securities -- Buy -- $210 Oct. 22, 2025
Upgrade DLR Wolfe Research Peer Perform Outperform -- $194 Oct. 20, 2025
Initiation DLR Morgan Stanley -- Equal Weight -- $195 Oct. 16, 2025
Initiation DLR Guggenheim -- Neutral -- -- July 10, 2025
Resumed DLR BofA Securities -- Buy -- $210 May 19, 2025
Upgrade DLR Scotiabank Sector Perform Sector Outperform -- $208 Feb. 18, 2025
Initiation DLR JMP Securities -- Mkt Outperform -- $220 Jan. 27, 2025
Upgrade DLR Deutsche Bank Hold Buy $185 $194 Jan. 15, 2025
Upgrade DLR UBS Neutral Buy $147 $205 Jan. 7, 2025
Upgrade DLR HSBC Securities Reduce Hold $124 $160 Oct. 4, 2024

News

Everyone Hates REITs - A Contrarian Opportunity
AGG, AGNC, AGNCL, AGNCM, AGNCN, AGNCO, AGNCP, AHR, AHT, AIV, ALEX, AMH, AMT, ARE, AVB, AWP, BHR, BLDG, BXMT, CCI, CIO, CSR, CUBE, CURB, DLR
Published: December 15, 2025 by: Seeking Alpha
Sentiment: Negative

REITs endured a brutal three-plus-year stretch since March 2022, underperforming the S&P 500 by an unprecedented 70 percentage points, far worse than the Global Financial Crisis. Extreme underperformance has left REITs historically cheap despite solid property-level fundamentals, but this valuation discount carries a cost: elevated capital costs, suppressed transaction activity, and limited external growth opportunities. Depressed public-market valuations have triggered a pronounced “REIT exodus,” with 40 REITs acquired, liquidated, or seeking sales since 2022, while new REIT formation has collapsed to a fraction of norms.

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image for news Everyone Hates REITs - A Contrarian Opportunity
Realty Income vs. Digital Realty: Which REIT Has Better Upside Now?
DLR, O
Published: December 11, 2025 by: Zacks Investment Research
Sentiment: Positive

DLR's AI-fueled demand, record bookings and global pipeline position the data-center REIT for stronger upside than its traditional net-lease peer O.

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image for news Realty Income vs. Digital Realty: Which REIT Has Better Upside Now?
Top 3 Equity REITs Worth Buying as Industry Outlook Improves
DLR, PLD, WELL
Published: December 09, 2025 by: Zacks Investment Research
Sentiment: Positive

Welltower, Prologis and Digital Realty are set to gain from rising demand in healthcare, logistics and AI-ready data centers.

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image for news Top 3 Equity REITs Worth Buying as Industry Outlook Improves
Should You Retain Digital Realty Stock in Your Portfolio Now?
DLR
Published: December 01, 2025 by: Zacks Investment Research
Sentiment: Positive

DLR eyes growth on strong leasing, expanding development pipelines and new NVIDIA collaboration despite rising competition and debt pressures.

Read More
image for news Should You Retain Digital Realty Stock in Your Portfolio Now?
3 Must-Have REITs for Your Black Friday Shopping Cart
DLR, FRT, TRNO
Published: November 28, 2025 by: Zacks Investment Research
Sentiment: Positive

Strong REIT picks, DLR, FRT and TRNO, shine as holiday shopping and rising demand across key property sectors create timely opportunities.

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image for news 3 Must-Have REITs for Your Black Friday Shopping Cart
Key Reasons to Add Digital Realty Stock to Your Portfolio Now
DLR
Published: November 24, 2025 by: Zacks Investment Research
Sentiment: Positive

DLR's global data-center scale, strong leasing momentum and expanding development pipeline fuel long-term growth potential.

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image for news Key Reasons to Add Digital Realty Stock to Your Portfolio Now
Schneider Electric and Digital Realty Announce $373M Supply Capacity Agreement to Meet Rising Data Center Demand
DLR
Published: November 19, 2025 by: PRNewsWire
Sentiment: Neutral

Agreement helps to bring capacity online faster to meet surging demand driven by AI Longstanding relationship continues to accelerate energy technology and critical infrastructure capacity in the U.S. LAS VEGAS , Nov. 19, 2025 /PRNewswire/ -- Schneider Electric, a global energy technology leader, today announced that Digital Realty, (NYSE: DLR) the leading global provider of carrier-neutral data center, colocation, and interconnection solutions, has signed a $373 million Supply Capacity Agreement (SCA) for Uninterruptible Power Supply (UPS), Low Voltage Switchgear (LVS), and Pre-Fabricated Skids. The announcement was unveiled at Schneider Electric's Innovation Summit North America in Las Vegas, convening more than …

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image for news Schneider Electric and Digital Realty Announce $373M Supply Capacity Agreement to Meet Rising Data Center Demand
Digital Realty's Q3 Core FFO & Revenues Top Estimates, '25 View Raised
DLR
Published: October 24, 2025 by: Zacks Investment Research
Sentiment: Positive

DLR posts strong Q3 results and lifts its 2025 FFO outlook on robust leasing and rising enterprise demand.

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image for news Digital Realty's Q3 Core FFO & Revenues Top Estimates, '25 View Raised
Countdown to Digital Realty Trust (DLR) Q3 Earnings: Wall Street Forecasts for Key Metrics
DLR
Published: October 20, 2025 by: Zacks Investment Research
Sentiment: Neutral

Get a deeper insight into the potential performance of Digital Realty Trust (DLR) for the quarter ended September 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

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image for news Countdown to Digital Realty Trust (DLR) Q3 Earnings: Wall Street Forecasts for Key Metrics
Five Reasons to Add Digital Realty Stock to Your Portfolio Now
DLR
Published: October 10, 2025 by: Zacks Investment Research
Sentiment: Positive

DLR stands out with rising demand for data centers and strong leasing activity. Its diverse tenant base, global expansion and solid balance sheet bode well for growth.

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image for news Five Reasons to Add Digital Realty Stock to Your Portfolio Now
Digital Realty, Dell and DXC Unite to Boost Adoption of Enterprise AI
DLR
Published: October 03, 2025 by: Zacks Investment Research
Sentiment: Positive

DLR teams up with Dell and DXC to simplify enterprise AI deployment and speed up business outcomes.

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image for news Digital Realty, Dell and DXC Unite to Boost Adoption of Enterprise AI
Digital Realty Stock Rallies 17% in Six Months: Will This Trend Last?
DLR
Published: September 17, 2025 by: Zacks Investment Research
Sentiment: Positive

DLR jumps 17% in six months, fueled by a strong tenant base, record leasing backlog, strategic investments and development activities.

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image for news Digital Realty Stock Rallies 17% in Six Months: Will This Trend Last?
Digital Realty Trust, Inc. (DLR) Presents at Global Communications Infrastructure Conference Transcript
DLR
Published: September 17, 2025 by: Seeking Alpha
Sentiment: Neutral

Digital Realty Trust, Inc. (NYSE:DLR ) Global Communications Infrastructure Conference September 17, 2025 10:00 AM EDT Company Participants Matt Mercier - Chief Financial Officer Conference Call Participants Jonathan Atkin - RBC Capital Markets, Research Division Presentation Jonathan Atkin RBC Capital Markets, Research Division So, I'm Jon Atkin with RBC. Welcome to our next session with me for the next 20 minutes of Q&A is Matt Mercier, Chief Financial Officer of Digital Realty Trust.

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image for news Digital Realty Trust, Inc. (DLR) Presents at Global Communications Infrastructure Conference Transcript
Digital Realty Backs AI and Hybrid Cloud Adoption With Innovation Lab
DLR
Published: September 11, 2025 by: Zacks Investment Research
Sentiment: Neutral

DLR debuts its Innovation Lab in Virginia, giving clients a low-risk way to test AI and hybrid cloud workloads.

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image for news Digital Realty Backs AI and Hybrid Cloud Adoption With Innovation Lab
Data Center REITs: Own The Real Estate Behind AI
AAPL, DLR, EQIX
Published: August 05, 2025 by: Seeking Alpha
Sentiment: Positive

AI-driven demand is transforming data center REITs, with DLR and EQIX well-positioned despite recent volatility and short-term setbacks in 2025. Long-term secular growth remains intact, as AI use cases and power needs are set to expand dramatically through 2030, driving further rent and revenue growth. Recent disruptions, such as DeepSeek's efficient AI model and Microsoft's pullback, have created buying opportunities for active managers with conviction in the sector.

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image for news Data Center REITs: Own The Real Estate Behind AI
Double-Checking The Credit Rating (Part 11): Digital Realty Trust
DLR
Published: July 30, 2025 by: Seeking Alpha
Sentiment: Positive

Digital Realty Trust boasts a strong balance sheet, high asset coverage, and robust fixed-charge coverage, supporting its investment-grade credit ratings. Preferred shares trade below par, offering yields above 6%, presenting an attractive income opportunity for moderate-risk investors. DLR's capital structure is healthy, with 93% fixed-rate debt and a market-adjusted asset coverage of 496%.

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image for news Double-Checking The Credit Rating (Part 11): Digital Realty Trust
Digital Realty: An AI-Driven Yield Play
DLR
Published: July 29, 2025 by: Seeking Alpha
Sentiment: Positive

Digital Realty Trust offers a compelling mix of passive income and AI-driven growth, benefiting from surging global demand for data centers. Strong financials—double-digit growth in sales, EBITDA, and FFO—underscore robust operational momentum and organic rent spread expansion. The dividend is well-covered, with a consistent 70-74% payout ratio, providing income safety and potential for future dividend growth.

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image for news Digital Realty: An AI-Driven Yield Play
Digital Realty Trust: AI Boom Reaching Fever Pitch - Momentum Reversal Likely
DLR
Published: July 29, 2025 by: Seeking Alpha
Sentiment: Positive

The ongoing AI boom continues in Q2'25, with numerous market players reaffirming the durability of data-center related spending trends, including TSM and GOOG. These reasons may have directly contributed to DLR's double-beat FQ2'25 performance and the raised FY2025 guidance, as the stock retests prior heights. The REIT also reports growing multi-year backlog at a higher base rent per square foot (at more than triple pre-pandemic rates), which explains the aggressive capacity expansion efforts thus far.

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image for news Digital Realty Trust: AI Boom Reaching Fever Pitch - Momentum Reversal Likely
Zenlayer Named Digital Realty's 2024 APAC Partner of the Year
DLR
Published: July 29, 2025 by: Business Wire
Sentiment: Neutral

LOS ANGELES--(BUSINESS WIRE)-- #aiinfrastructure--Zenlayer named Digital Realty's 2024 APAC Partner of the Year for accelerating enterprise and AI deployments across Asia.

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image for news Zenlayer Named Digital Realty's 2024 APAC Partner of the Year
Digital Realty CEO: We're seeing incremental strong demand backdrop
DLR
Published: July 25, 2025 by: CNBC Television
Sentiment: Positive

Andrew Power, CEO of Digital Realty, joins CNBC's 'Money Movers' to discuss outlooks on demand, whether Digital Realty has the capacity to meet increasing data center needs, and more.

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image for news Digital Realty CEO: We're seeing incremental strong demand backdrop
Digital Realty's Q2 Core FFO & Revenues Top Estimates, '25 View Raised
DLR
Published: July 25, 2025 by: Zacks Investment Research
Sentiment: Positive

DLR beats Q2 estimates and boosts its 2025 FFO outlook as strong leasing and record bookings fuel digital infrastructure growth.

Read More
image for news Digital Realty's Q2 Core FFO & Revenues Top Estimates, '25 View Raised
Final Trades: Honeywell, Digital Realty, Applied Materials and Carlyle Group
AMAT, CG, DLR, HON
Published: July 24, 2025 by: CNBC Television
Sentiment: Neutral

The Investment Committee give you their top stocks to watch for the second half.

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image for news Final Trades: Honeywell, Digital Realty, Applied Materials and Carlyle Group
Seeking Clues to Digital Realty Trust (DLR) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
DLR
Published: July 21, 2025 by: Zacks Investment Research
Sentiment: Positive

Besides Wall Street's top-and-bottom-line estimates for Digital Realty Trust (DLR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2025.

Read More
image for news Seeking Clues to Digital Realty Trust (DLR) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
Digital Realty to Post Q2 Earnings: What to Expect From the Stock?
DLR
Published: July 21, 2025 by: Zacks Investment Research
Sentiment: Positive

DLR may experience Q2 revenue and FFO gains as global data center demand, leasing momentum and tenant strength fuel growth.

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image for news Digital Realty to Post Q2 Earnings: What to Expect From the Stock?
Green Bond Issuance By U.S. REITs Down In H1 2025
ARE, BXP, DLR, EQIX, PLD
Published: July 17, 2025 by: Seeking Alpha
Sentiment: Negative

Green bond issuance by US equity real estate investment trusts subsided in the first half of 2025, according to an S&P Global Market Intelligence analysis. Datacenter REIT Equinix was the sole US REIT to issue green bonds in the first half, raising roughly $1.67 billion through two euro-denominated offerings. Since 2018, 25 US REITs have issued green bonds, totaling $42.67 billion in proceeds.

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image for news Green Bond Issuance By U.S. REITs Down In H1 2025
Digital Realty Stock Rallies 15.4% in 3 Months: Will This Trend Last?
DLR
Published: July 15, 2025 by: Zacks Investment Research
Sentiment: Positive

DLR jumps 15.4% in three months, fueled by a record leasing backlog and expansion into key data center hubs.

Read More
image for news Digital Realty Stock Rallies 15.4% in 3 Months: Will This Trend Last?
Equity REITs: Takeaways From REITWeek 2025
AHR, AMH, AMT, ARE, AVB, BDN, BRX, BXP, COLD, CPT, CSR, CURB, CUZ, DLR, ELS, EQIX, EXR, GTY, HIW, HR, INVH, IRT, IVT, LINE, MAA
Published: July 02, 2025 by: Seeking Alpha
Sentiment: Positive

REITs are positioned for accelerating earnings growth in 2026-2027, with management teams expressing increased optimism despite ongoing macro uncertainties. Key investment themes include AI-driven data centers, senior housing benefiting from demographic trends, and residential REITs capitalizing on the housing shortage. REITs offer resilient cash flows, potential dividend growth, and superior capital access, making them attractive relative to other asset classes in the current environment.

Read More
image for news Equity REITs: Takeaways From REITWeek 2025
Digital Realty, Equinix Ramp Up Datacenters As AI Drives Demand
DLR, EQIX
Published: July 01, 2025 by: Seeking Alpha
Sentiment: Positive

Digital Realty's announced development pipeline in the Americas included additional future capacity totaling 499 MW. Equinix plans to add in excess of 24,000 cabinets through 2027 to its existing portfolio of more than 144,000 across the Americas. Equinix and Digital Realty both lease facilities to hyperscalers.

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image for news Digital Realty, Equinix Ramp Up Datacenters As AI Drives Demand
Digital Realty: Its Preferred Stocks, Bonds, And My Top Pick For Return To Risk
DLR
Published: June 18, 2025 by: Seeking Alpha
Sentiment: Positive

Digital Realty Trust, Inc. boasts a robust financial structure, with 76% equity, low leverage, and excellent asset coverage ratios, ensuring stability and resilience. The company's credit profile is strong, with an adjusted A1/A2 rating, reflecting high asset quality, secure liquidity, and reliable cash flow generation.

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image for news Digital Realty: Its Preferred Stocks, Bonds, And My Top Pick For Return To Risk
Digital Realty Stock Rallies 14.9% in 3 Months: Will This Continue?
DLR
Published: June 16, 2025 by: Zacks Investment Research
Sentiment: Positive

DLR shares rise 14.9% in three months, powered by global expansion, leasing gains and rising demand for AI-driven data centers.

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image for news Digital Realty Stock Rallies 14.9% in 3 Months: Will This Continue?

About Digital Realty Trust, Inc. (DLR)

  • IPO Date 2004-10-29
  • Website https://www.digitalrealty.com
  • Industry REIT - Office
  • CEO Andrew Power
  • Employees 3936

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 for scaling digital business and efficiently managing data gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with more than 284 facilities in 48 metros across 23 countries on six continents.