Digital Realty Trust (DLR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Digital Realty Trust

NYSE•Real Estate•REIT - Specialty

$184.26+3.19(0.02%)Pre-market

Market Cap

$65.15B

P/E

81.5x

P/S

9.6x

P/B

2.4x

Digital Realty Trust, Inc. is a real estate investment firm specializing in Core strategies. It primarily targets investments in data center properties, including colocation facilities, powered base buildings, and data center suites. The firm focuses its real estate investments globally across six continents, targeting markets in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. Digital Realty Trust, Inc. was founded in 2004 and is based in Austin, Texas.

How this company scores

AverageMetricSide Score: 44/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Cash & Earnings Quality (4/25).

Profitability11/25

Growth14/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality4/25

Strengths

Growing revenueInterest easily coveredConsistent growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 81.5x5y range 0.0x – 120.3x

Currently above its 20-quarter median.

P/S · 9.6x5y range 0.0x – 11.3x

Currently near its 20-quarter median.

P/B · 2.4x5y range 0.0x – 2.8x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 5 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Red Flag

Shares outstanding increased 8.0% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $65.15B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.77B
Q. Revenue: $1.92B
TTM EBITDA: $2.98B
TTM Op. Income: $986.10M
Q. Op. Income: $467.25M
TTM Net Income: $799.02M
Q. Net Income: $453.29M
EPS: $1.25
Shares Out.: $354.12M

$6.77B in TTM revenue grew 17.4% YoY, reaching $1.92B last quarter. TTM EBITDA of $2.98B and TTM operating income of $986.10M show growth is flowing through to the bottom line. TTM net income of $799.02M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 50.6%
Op. Margin: 24.3%
Net Margin: 23.6%

Op. margin of 24.3% is up 10.1% YoY — cost efficiency is improving. Net margin at 23.6% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 81.5x
P/S Ratio: 9.6x
P/B Ratio: 2.4x

At 81.5x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 9.6x and P/B of 2.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $54.52B
Cash: $1.86B
Long-Term Debt: N/A
Book Value: $27.43B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.06B
TTM Free Cash Flow: $-506.74M
FCF Margin: -7.5%
FCF / Net Income: -0.6

TTM FCF of $-506.74M on $1.06B in operating cash flow. The FCF / Net Income ratio of -0.6x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.