DLR

DIGITAL REALTY TRUST, INC.

Real EstateCIK 0001297996

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Market Cap
$61.61B
P/E (TTM)
46.1x
Rev Growth (TTM)
+12.6%
Net Margin (TTM)
21.1%
FCF Yield (TTM)
4.1%
FCF Margin (TTM)
40.1%

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Factsheet

Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.

Point your agent at DLR and it navigates these the same way — citing each number back to the filing.

LATEST EARNINGS

Q1 2026
2 months ago
View source
Revenue
$1.64B
+16.2%
Net Income
$174.80M
+64.3%
EPS
$0.46
+70.4%
Net
10.7% +3.1%
  • Raised 2026 Core FFO per share outlook to $8.00 - $8.10 and 2026 Constant-Currency Core FFO per share outlook to $7.95 - $8.05.
  • Reported net income available to common stockholders of $0.46 per share, a significant increase from $0.27 in Q1 2025.
  • Funds From Operations (FFO) per share increased to $1.99, up from $1.67 in Q1 2025.
  • Core FFO per share increased to $2.04, up from $1.77 in Q1 2025.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$2.5B
Q1 '26
$532M-26%
Q4 '25
$719M+10%
FCF Margin
TTM40.1%
Q1 '2632.6%-26%
Sector: 0.0%Top 25%
OCF Margin40.1%
OCF/NI1.90x
CapEx Coverage
FCF Yield4.1%
FCF Growth (2Y)+14%
Cash Conversion Cycle
41 days
DSO: 41+DIO: DPO:

Capital Allocation & Returns

Balanced
Total Shareholder YieldEst.
Est.2.8%
Div Yield2.8%
+
Est. Buyback0.8%

Balancing returns with reinvestment

Dividend & Payout Metrics
Dividend Yield (TTM)2.8%
FCF Payout Ratio68.8%
Free Cash Flow (TTM)$2.5B
Capital Return / FCF68.8%
Est. Dividends Paid (TTM)$1.8B
Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
P25MedianP75
(med: -0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
Asset Turnover
0.13x
8Q: 0.13x
Leverage (1+D/E)
1.00x
D/E: 0.00x
Asset & CapEx Efficiency
Asset-based ROIC formula

Valuation Analysis

Fair Value
Price-to-EarningsTTM
46.1x
Volatile
8Q: 539.2x-32018%
Valuation Lenses
Earnings
46.1x
vs sector
Cash Flow
23.0x
EV/FCF vs
Growth-Adj
0.2xPEG
Undervalued for growth
Quality-Adj
P/E per %ROIC
ROIC: –
Shareholder Returns
Dividend
2.8%
Buyback
Total Yield
2.8%
Market Cap$61.61B
EV$58.44B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
60/100
High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
5.9%
8Q:
Return on Invested Capital (ROIC)
8Q:
vs Sector:-0.1%

Earnings Quality

Cash Conversion

1.90x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover

Working Capital

Cash Conversion Cycle41 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
69/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
12.6%
OpInc Growth YoY
36.0%
EPS Growth YoY
230.3%
FCF 3Y CAGR
13.7%

Growth Quality Analysis

Sustainability Index: 7.5/10 - Highly sustainable growth

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
Operating
Net
21.1%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+19.1 pts
FCF: 40.1% | Net: 21.1%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $2.43B
Interest Coverage
+Net cash position: $2.43B
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis