Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Digital Realty Trust, Inc.

DLR · NYSE · Real estate

Fundamental quality

REASONABLE

73

out of 100

Digital Realty Trust, Inc. earns a fundamental-quality score of 73 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its growth (revenue +9.7%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Digital Realty is one of the internet's great landlords: hundreds of data centers worldwide leased to clouds, enterprises and now the AI wave. Its asset isn't the servers but the building, the power and the connection: the most coveted land in the digital economy.

What will shape its future

  • AI capacity demand, which has turned its halls into auctions.
  • Access to electricity, the new bottleneck deciding where anything gets built.
  • Interest rates, the great counterweight of every REIT with giant capital plans.

Breakdown by area

I.Growth
82

EPS growth: 28.8% · Revenue growth: 9.7%

II.Profitability
68

Net margin: 21.7% · ROE: 5.9% · ROIC: 1.9%

III.Financial health
70

Net debt/EBITDA: 5.07x

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 12 Real estate companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 50%
ROEbeats 20%
Growthbeats 42%
Less debtbeats 33%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Digital Realty Trust, Inc. strengths

  • Expanding margins: net margin has risen from 9% to 21% in recent years.
  • Growing earnings per share (28.8% annualized).
  • High net margin (21.7%): the business is clearly profitable.
  • Revenue rising without interruption since 2020.

Digital Realty Trust, Inc. risks and weaknesses

  • Very high leverage (net debt of 5.07× EBITDA): more exposed to rates and to a rough patch.
  • Low return on equity (ROE of 5.9%).

Digital Realty Trust, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20203,90435611,889
20214,4281,70912,761
20224,69237812,978
20235,47794911,797
20245,55560210,092
20256,1131,30912,743

Between 2020 and 2025, revenue went from $3,904M to $6,113M (+57%) and net income went from $356M to $1,309M (+267%). Meanwhile, its margins have widened (from 9% to 21%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+16.2%
  • Net income+63%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$4.97

per share, yearly

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Digital Realty Trust, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Digital Realty Trust, Inc. a good company to invest in?

In terms of business quality, Digital Realty Trust, Inc. scores 73 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Digital Realty Trust, Inc. a profitable company?

Very. Digital Realty Trust, Inc. shows a net margin of 21.7% and an ROE of 5.9%, typical of a highly profitable business.

Does Digital Realty Trust, Inc. have a lot of debt?

Yes, its leverage is high: net debt is 5.07 times its EBITDA.

Is Digital Realty Trust, Inc. growing?

Its revenue has grown 9.7% annualized in recent years and its earnings per share 28.8%, and without interruption since 2020.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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