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. In the quarter to June 2026, revenue grew 28.9%, EPS fell 58.8%, free cash flow fell 25.9% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten.
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Digital Realty Trust, Inc. (DLR) Gross margin
Digital Realty Trust, Inc.'s gross margin over the twelve months to 30 June 2026 was 57.1%, up 1.7 percentage points from fiscal 2025 (55.4%). Over the past ten years it has ranged from 52.6% (fiscal 2023) to 64.0% (fiscal 2018); the current reading is higher than 27% of that period. That is below the Reit Specialty industry median of 67.4% and below the Real Estate sector median of 66.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 55.4% | 0.74 |
| FY2024 | 54.7% | 2.09 |
| FY2023 | 52.6% | (4.44) |
| FY2022 | 57.0% | (2.84) |
| FY2021 | 59.8% | (1.37) |
| FY2020 | 61.2% | (1.62) |
| FY2019 | 62.8% | (1.13) |
| FY2018 | 64.0% | 0.36 |
| FY2017 | 63.6% | (0.35) |
| FY2016 | 64.0% | 0.88 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 61.1% | 3.84 |
| Mar 2026 | 57.3% | 3.16 |
| Dec 2025 | 54.1% | (0.83) |
| Sep 2025 | 55.0% | (0.73) |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| GLPI Gaming and Leisure Properties, Inc. compare | 100.0% |
| SBAC SBA Communications Corporation compare | 75.2% |
| AMT American Tower Corporation compare | 73.8% |
| CCI Crown Castle Inc. compare | 73.7% |
| LAMR Lamar Advertising Company compare | 67.4% |
| DLR Digital Realty Trust, Inc. | 57.1% |
| IRM Iron Mountain Incorporated compare | 54.2% |
| EQIX Equinix, Inc. compare | 51.5% |
| WY Weyerhaeuser Company compare | 14.5% |
| Reit Specialty industry median | 67.4% |
| Real Estate sector median | 66.1% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on DLR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement