Saturday 17 October 2026 Export DLR’s income statement to Excel — free account

Digital Realty Trust, Inc.

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.

175.97 1.50 +0.86%

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Market cap: $64.7B
P/E: 81.1×
Fwd P/E: 89.2×
Dividend yield: 2.77%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 0.69

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	—	—	—	—	—	—	1	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 64,730.00

Revenue 6,771.12

Net Income 792.24

Free Cash Flow 3,680.63

Net Debt 16,770.55

Current Ratio 1.06

Debt/Equity 0.67

P/E ratio 81.09

Fwd P/E 89.20

P/S ratio 9.20

P/B ratio 2.29

Past 5Y EPS Growth 29.06%

This Y EPS Growth (21.56%)

Next Y EPS Growth (6.60%)

Next Y revenue growth 16.56%

Next 5Y EPS Growth (3.60%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 53.67%

10-year low 10-year high

P/S against its own 10 years 67.19%

10-year low 10-year high

P/B against its own 10 years 32.03%

10-year low 10-year high

EV/Sales against its own 10 years 56.32%

10-year low 10-year high

EV/FCF against its own 10 years 49.35%

10-year low 10-year high

Dividends

Payout Ratio 2.37

Annual Dividend Rate 4.88

Annual Dividend Yield 2.77%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	4.90	1.22 1.22 1.22
2025	4.88	1.22 1.22 1.22 1.22
2024	4.88	1.22 1.22 1.22 1.22
2023	4.88	1.22 1.22 1.22 1.22
2022	4.88	1.22 1.22 1.22 1.22
2021	4.64	1.16 1.16 1.16 1.16
2020	4.48	1.12 1.12 1.12 1.12
2019	4.32	1.08 1.08 1.08 1.08
2018	4.04	1.01 1.01 1.01 1.01
2017	3.72	0.93 0.93 0.93 0.93
2016	3.52	0.88 0.88 0.88 0.88

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,625	3,871	3,452	1,865
Receivables	1,278	1,257	1,359	1,565
Inventory	—	—	—	—
Other	—	—	—	—
	2,904	5,128	4,811	3,430

	2023	2024	2025	Q'26
Payables	2,169	2,056	2,601	3,242
ST’ Debt	—	—	—	—
Other	—	—	—	—
	2,557	2,475	3,029	3,242

Compound Annual Growth %

	10y	5y	3y
Sales	13.24%	9.38%	9.22%
Cash Flow	11.71%	7.17%	13.28%
Earnings	19.29%	36.93%	54.31%
Book Value	17.80%	4.82%	8.84%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,635	1,924	—	—	—
’25	1,408	1,493	1,577	1,635	6,113
’24	1,331	1,357	1,431	1,436	5,555
’23	1,339	1,366	1,402	1,370	5,477
’22	1,127	1,139	1,192	1,233	4,692
’21	1,090	1,093	1,133	1,111	4,428
’20	823	993	1,025	1,063	3,904

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	532	1,063	—	—	—
’25	399	641	653	719	2,412
’24	352	573	567	769	2,261
’23	350	464	358	462	1,635
’22	278	506	419	456	1,659
’21	328	523	400	452	1,702
’20	227	486	468	526	1,707

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	538	1,228	—	—	—
’25	461	1,657	735	1,179	4,032
’24	1,166	1,000	572	1,288	4,026
’23	350	615	2,678	611	4,255
’22	278	506	623	524	1,931
’21	1,013	541	416	1,423	3,393
’20	753	486	490	543	2,271

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.46	1.21	—	—	—
’25	0.27	2.94	0.15	0.24	3.58
’24	0.82	0.20	0.09	0.51	1.61
’23	0.19	0.37	2.33	0.08	3.00
’22	0.22	0.19	0.75	(0.02)	1.13
’21	1.32	0.45	0.44	3.71	5.94
’20	0.90	0.20	(0.14)	0.16	1.00

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	69.89	98.03	96.56	100.05	105.00	124.65	85.76	86.33	130.00	129.95	Analyst estimates 2026–2028 Powerpack
	High	113.21	127.23	125.10	136.32	165.49	178.22	177.15	139.35	198.00	187.74
People
People	Employees	1,345	1,436	1,530	1,550	2,878	3,030	3,412	3,664	3,936	4,282
	Revenue/emp, $m	1.59	1.71	1.99	2.07	1.36	1.46	1.38	1.49	1.41	1.43
Income, $m
Income, $m	Revenue	2,142	2,458	3,046	3,209	3,904	4,428	4,692	5,477	5,555	6,113
	Gross margin, %	63.95	63.60	63.96	62.83	61.21	59.84	57.00	52.56	54.65	55.39
	EBT	442	264	343	611	401	1,820	412	1,026	643	1,345
	EBT margin, %	20.64	10.75	11.27	19.05	10.27	41.11	8.78	18.73	11.58	22.01
	Net income	432	256	341	599	363	1,747	380	950	588	1,313
	Depreciation	721	878	1,256	1,231	1,442	1,559	1,624	1,751	1,820	1,901
Per share, $
Per share, $	Revenue	14.29	14.12	14.79	15.40	15.01	15.68	16.06	18.34	17.18	17.99
	Earnings	2.21	0.99	1.21	2.37	1.01	5.95	1.18	3.04	1.74	3.73
	Cash flow	6.08	5.88	6.72	7.27	6.56	6.03	5.68	5.47	6.99	7.10
	Capex	(3.43)	(1.88)	1.39	(0.45)	2.17	5.99	0.93	8.77	5.46	4.77
	Free cash flow	2.65	4.00	8.11	6.82	8.73	12.01	6.61	14.25	12.45	11.86
	Book value	34.23	63.48	52.70	50.92	70.92	65.41	61.99	65.64	67.24	68.71
	Shares, m	150	174	206	208	260	282	292	299	323	340
Valuation, ×
Valuation, ×	P/E	44.76	110.45	87.34	50.74	123.46	29.78	87.56	44.63	100.76	41.15
	P/S	6.96	7.98	7.21	7.77	9.30	11.28	6.40	7.37	10.32	8.60
	P/B	3.62	2.00	2.28	2.72	2.07	2.82	1.73	2.14	2.73	2.32
	EV/Sales	9.67	11.49	10.84	10.93	12.70	14.31	9.93	10.28	12.65	11.06
	EV/FCF	52.15	40.53	19.76	24.71	21.83	18.68	15.97	13.02	17.46	16.77
Cash, $m
Cash, $m	Operating cash flow	911	1,023	1,385	1,514	1,707	1,702	1,659	1,635	2,261	2,412
	Capex	(514)	(326)	286	(94)	565	1,691	272	2,620	1,765	1,620
	Free cash flow	397	697	1,672	1,420	2,271	3,393	1,931	4,255	4,026	4,032
Balance, $m
Balance, $m	Working capital	(743)	(997)	(955)	(848)	(1,033)	(1,068)	(1,122)	347	2,653	1,781
	Total debt	5,900	8,649	11,101	10,122	13,305	13,448	16,597	17,426	16,714	18,402
	Net debt	5,878	8,635	10,975	10,033	13,196	13,306	16,455	15,800	12,843	14,950
	Shareholders’ equity	5,132	11,049	10,858	10,608	18,446	18,477	18,107	19,602	21,743	23,347
Returns, %
Returns, %	ROA	2.81	1.03	1.11	2.11	0.89	4.64	0.89	2.12	1.26	2.68
	ROIC	2.82	1.43	1.57	1.80	1.10	1.36	1.07	0.93	0.85	1.07
	ROE	9.02	2.49	2.58	5.25	1.97	9.54	1.96	5.01	2.82	5.81

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
EQIX Equinix, Inc.	$98.3B	63.1×	62.5×	+16.36% (above 0%: growing)	+29.26% (above 0%: growing)	−311.02% (below 0%: shrinking)	53.14%	25.33%	Compare
AMT American Tower Corporation	$84.5B	25.5×	29.7×	+4.65% (above 0%: growing)	+138.46% (above 0%: growing)	+19.35% (above 0%: growing)	73.03%	46.15%	Compare
DLR Digital Realty Trust, Inc.	$64.7B	81.1×	89.2×	+28.86% (above 0%: growing)	−58.75% (below 0%: shrinking)	−25.86% (below 0%: shrinking)	61.14%	24.28%
CCI Crown Castle Inc.	$34.0B	41.5×	46.8×	−4.91% (below 0%: shrinking)	−67.16% (below 0%: shrinking)	−40.40% (below 0%: shrinking)	73.41%	46.63%	Compare
IRM Iron Mountain Incorporated	$33.6B	80.4×	64.9×	+18.52% (above 0%: growing)	n/m	+58.56% (above 0%: growing)	52.76%	18.41%	Compare
SBAC SBA Communications Corporation	$19.5B	20.1×	27.6×	+2.33% (above 0%: growing)	−10.95% (below 0%: shrinking)	+11.32% (above 0%: growing)	75.39%	49.19%	Compare
LAMR Lamar Advertising Company	$15.0B	27.4×	25.6×	+6.46% (above 0%: growing)	+3.95% (above 0%: growing)	+8.91% (above 0%: growing)	68.51%	33.72%	Compare
WY Weyerhaeuser Company	$14.0B	29.7×	56.6×	−0.90% (below 0%: shrinking)	+91.67% (above 0%: growing)	+29.41% (above 0%: growing)	16.66%	11.94%	Compare
GLPI Gaming and Leisure Properties, Inc.	$11.4B	11.5×	14.4×	+9.03% (above 0%: growing)	+45.45% (above 0%: growing)	−42.77% (below 0%: shrinking)	100.00%	77.21%	Compare
Median of peers	$26.5B	28.6×	38.3×	+5.56%	+29.26%	+10.11%	70.77%	39.94%

All 18 Reit Specialty stocks →

Digital Realty Trust, Inc. (DLR) key facts

Strength: Digital Realty Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.1 billion, up 10.0% from fiscal 2024.
Digital Realty Trust, Inc. (DLR) is a Reit Specialty company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, DLR traded at $175.97, a market capitalization of $64.7 billion.
Digital Realty Trust, Inc. pays an annual dividend of $4.88 per share, a yield of 2.77%.
Return on equity was 5.81% and debt-to-equity 0.67.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.