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 2.4728
  • Debt/Equity 0.8474
  • CurrentRatio 1.1614
  • ROIC 0.0147

 

  • MktCap 57292623858.0
  • FreeCF/Share 7.214
  • PFCF 23.2645
  • PE 40.6836
  • Debt/Assets 0.4004
  • DivYield 0.0293
  • ROE 0.0632

 

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

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade DLR HSBC Securities Hold Buy -- $193 Jan. 15, 2026
Upgrade DLR Barclays Underweight Equal Weight -- $164 Jan. 13, 2026
Downgrade DLR BofA Securities Buy Neutral -- $170 Jan. 8, 2026
Initiation DLR Deutsche Bank -- Buy -- $180 Jan. 6, 2026
Resumed DLR Goldman -- Buy -- $188 Dec. 18, 2025
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

News

Digital Realty Trust (DLR) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
DLR
Published: February 03, 2026 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 December 2025.

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image for news Digital Realty Trust (DLR) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Property Type Round-Up From REITWorld 2025
AHR, ALEX, AMH, AVB, BNL, BRX, BX, BXP, COLD, CPT, CURB, CUZ, DLR, ELS, EXR, FR, FRT, FVR, GTY, HIW, HR, INVH, IRT, IVT, LINE
Published: February 02, 2026 by: Seeking Alpha
Sentiment: Positive

REITs are positioned for robust growth in 2026, driven by decelerating supply, disciplined capital allocation, and significant valuation discounts to NAV and private markets. Sector preferences favor Healthcare and Data Centers for durable growth, with Shopping Centers and select Residential REITs offering underappreciated upside and private capital interest. Strategic alternatives, buybacks, and targeted M&A are increasingly in focus, especially for deeply discounted names like CSR, WSR, COLD, and REXR.

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image for news Property Type Round-Up From REITWorld 2025
Should You Hold DLR Stock in Your Portfolio Ahead of Q4 Earnings?
DLR
Published: February 02, 2026 by: Zacks Investment Research
Sentiment: Positive

DLR heads into Q4 earnings with revenue and FFO growth expected, supported by strong data center demand and steady leasing momentum.

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image for news Should You Hold DLR Stock in Your Portfolio Ahead of Q4 Earnings?
Digital Realty Trust (DLR) Crossed Above the 200-Day Moving Average: What That Means for Investors
DLR
Published: January 30, 2026 by: Zacks Investment Research
Sentiment: Positive

Digital Realty Trust (DLR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, DLR crossed above the 200-day moving average, suggesting a long-term bullish trend.

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image for news Digital Realty Trust (DLR) Crossed Above the 200-Day Moving Average: What That Means for Investors
Digital Realty Taps Malaysia for Expansion Through CSF Advisers Buyout
DLR
Published: January 20, 2026 by: Zacks Investment Research
Sentiment: Positive

DLR's Malaysia entry strengthens its Southeast Asia footprint, adding scalable capacity, dense connectivity and a new hub to support regional digital growth.

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image for news Digital Realty Taps Malaysia for Expansion Through CSF Advisers Buyout
Digital Realty enters Malaysia, strengthening Southeast Asia's digital backbone
DLR
Published: January 19, 2026 by: GlobeNewsWire
Sentiment: Neutral

Acquisition of a highly connected data center in Cyberjaya extends PlatformDIGITAL® into one of Southeast Asia's fastest-growing digital markets

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image for news Digital Realty enters Malaysia, strengthening Southeast Asia's digital backbone
Powell Under Pressure
AGG, AGNC, AGNCL, AGNCM, AGNCN, AGNCO, AGNCP, AHT, AMH, AMT, ARE, AVB, AWP, BLDG, BXMT, BXP, CCI, CDP, CUBE, DLR, DOC, EQIX, EQR, ESS, EXR
Published: January 19, 2026 by: Seeking Alpha
Sentiment: Neutral

U.S. equity markets posted mixed performance this past week as investors weighed a resilient slate of economic data against renewed tensions between the White House and the Fed. Investor reaction was surprisingly muted to news that the DOJ opened an investigation into Fed Chair Powell, but markets did reflect increased odds that the FOMC opts to dig in its heels. Encouragingly, benign consumer inflation data kept the broader disinflation narrative intact, while signs of a recovery in the long-sluggish housing sector suggested that affordability dynamics are finally improving.

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image for news Powell Under Pressure
Healthpeak Announces Transaction Activity Amounting $925 Million
DLR, DOC, PLD
Published: January 14, 2026 by: Zacks Investment Research
Sentiment: Neutral

DOC reports $925M in deals, buying a South San Francisco campus for $600M and selling $325M of stabilized outpatient assets.

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image for news Healthpeak Announces Transaction Activity Amounting $925 Million
Digital Realty Trust (DLR) Crossed Above the 50-Day Moving Average: What That Means for Investors
DLR
Published: January 14, 2026 by: Zacks Investment Research
Sentiment: Positive

Digital Realty Trust (DLR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, DLR broke out above the 50-day moving average, suggesting a short-term bullish trend.

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image for news Digital Realty Trust (DLR) Crossed Above the 50-Day Moving Average: What That Means for Investors
Digital Realty CEO: Data centers don't increase electricity costs
DLR
Published: January 13, 2026 by: CNBC Television
Sentiment: Neutral

Andy Power, CEO of Digital Realty, the second-largest data center REIT in the world, says that electricity costs going up due to data center buildout is "a fallacy."

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image for news Digital Realty CEO: Data centers don't increase electricity costs
Digital Realty Leasing Gains May Be Limited By Growth Constraints, Analyst Warns
DLR
Published: January 08, 2026 by: Benzinga
Sentiment: Negative

Digital Realty Trust, Inc. (NYSE: DLR) plans to release fourth quarter 2025 results on Feb. 5, 2026.

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image for news Digital Realty Leasing Gains May Be Limited By Growth Constraints, Analyst Warns
Digital Realty: The Company Is Safer Than Its Credit Rating Suggests
DLR
Published: December 16, 2025 by: Seeking Alpha
Sentiment: Positive

Digital Realty Trust is a leading global data center operator with a robust, investment-grade financial profile and over 300 facilities worldwide. DLR's assets are substantial ($48.7B), with 97.8% unencumbered, and secured debt is minimal at 1.4%, supporting strong creditworthiness. Moody's rates DLR Baa2, but an adjusted analysis suggests a higher A2 rating, reflecting superior asset quality, liquidity, and market positioning.

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image for news Digital Realty: The Company Is Safer Than Its Credit Rating Suggests
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.

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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

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.