Digital Realty Trust (DLR)

Real Estate · REIT - Specialty · S&P 500
$184.65 +2.66% on the day Market cap $64.4B 52-week range $146.23 to $208.14 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Digital Realty Trust's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from DLR's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation3
Profitability6
Growth8
Financial health3

Key numbers

P/E (trailing)47.8x
P/E (forward)86.1x
Price / free cash flow26.7x
EV / EBITDA22.6x
Price / sales10.2x
Price / book2.90x
Revenue growth+16.2%
Operating margin11.5%
Net margin21.7%
Return on equity5.9%
Dividend yield2.6%
Debt / equity1.00x

Results from SEC filings

Fiscal years, from Digital Realty Trust's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$4.4B$4.7B$5.5B$5.6B$6.1B
Net income$1.7B$378M$949M$602M$1.3B
Free cash flow—————
EPS (diluted)$5.94$1.11$2.88$1.61$3.58
Operating margin15.7%12.6%9.6%8.5%10.8%

Where the revenue comes from

Revenue by products, fiscal 2025.

Rental and other services$6.0B98%
Fee income and other$144M2%

Superinvestors who own DLR

From each investor's latest 13F filing (what a 13F shows). 5 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Andreas Halvorsen
Viking Global Investors
New position $415M1.2%Q2 2026
Hersh Cohen
ClearBridge Investments
Added $65M0.05%Q2 2026
Joel Greenblatt
Gotham Asset Management
Added $53M0.12%Q2 2026
Cliff Asness
AQR Capital Management
Added $53M0.02%Q2 2026
Ron Baron
Baron Capital (BAMCO)
Trimmed $47M0.07%Q2 2026

Insider buying

Open-market purchases by Digital Realty Trust's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

DateInsiderSharesPriceValue
Jan 29, 2026 Ro Khanna
0$167.35—
Jan 6, 2026 Ro Khanna
0$156.77—
Nov 3, 2025 Ro Khanna
0$171.89—

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Digital Realty Trust insiders buying the stock?

3 open-market insider purchases of DLR in the last 12 months, from SEC Form 4 filings.

Which superinvestors own Digital Realty Trust?

5 of the superinvestors Investingly tracks hold DLR in their latest 13F, including Andreas Halvorsen, Hersh Cohen, Joel Greenblatt.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.