Digital Realty Trust, Inc.

DLR Real Estate Reit Specialty

Digital Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.1 billion, up 10.0% from fiscal 2024.

Revenue
+20.6%
EPS
+194.1%
Free cash flow
−46.8%
Total debt
+6.96%

Quarter to September 2026, against a year earlier

176.64 1.97 +1.13%
Market cap
$66.1B
P/E
70.2×
Fwd P/E
64.4×
Dividend yield
2.78%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Digital Realty Trust, Inc. (DLR) Free cash flow margin

Alert me on Free cash flow margin

Digital Realty Trust, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 47.0%, down 18.9 percentage points from fiscal 2025 (66.0%). Over the past ten years it has ranged from 18.6% (fiscal 2016) to 77.7% (fiscal 2023); the current reading is higher than 73% of that period. That is above the Reit Specialty industry median of 30.7% and above the Real Estate sector median of 9.51%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 66.0% (6.52)
FY2024 72.5% (5.20)
FY2023 77.7% 36.52
FY2022 41.2% (35.47)
FY2021 76.6% 18.45
FY2020 58.2% 13.93
FY2019 44.3% (10.62)
FY2018 54.9% 26.52
FY2017 28.4% 9.80
FY2016 18.6% (31.53)

Against its own ten years

Low 18.6% High 77.7%
Ten-year median 54.9%
Current reading's percentile 73

Free cash flow margin against peers

Company Free cash flow margin
DLR Digital Realty Trust, Inc. 47.0%
CCI Crown Castle Inc. compare 46.1%
SBAC SBA Communications Corporation compare 45.5%
AMT American Tower Corporation compare 36.0%
LAMR Lamar Advertising Company compare 34.1%
GLPI Gaming and Leisure Properties, Inc. compare 31.1%
WY Weyerhaeuser Company compare 4.19%
IRM Iron Mountain Incorporated compare −6.73%
EQIX Equinix, Inc. compare −20.7%
Reit Specialty industry median 30.7%
Real Estate sector median 9.51%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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