DIGITAL REALTY TRUST, INC. DLR

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

Digital Realty Trust, Inc., through its controlling interest in Digital Realty Trust, L.P. and the subsidiaries of the Operating Partnership, is a leading global provider of data center, colocation and interconnection solutions for customers across a variety of industry verticals. The Parent operates as a REIT for U.S. federal income tax purposes. The Operating Partnership is the entity through which the Parent conducts its business of owning, acquiring, developing and operating data centers. The Parent was incorporated in the state of Maryland on March 9, 2004. The Operating Partnership was organized as a limited partnership in the state of Maryland on July 21, 2004.

As of December 31, 2025, our portfolio included 310 data centers (including 89 data centers held as investments in unconsolidated entities), of which 118 are located in the United States, 113 are located in Europe, 36 are located in Latin America, 16 are located in Africa, 18 are located in Asia, six are located in Australia and three are located in Canada.

Last close 172.37 2026-10-23
Market cap $60.57B 2026-03-31 share count
52-week range 146.23 - 208.14

Valuation FY2025 figures against the last close

P/S9.9x
P/E48.1x
P/FCF25.1x
EV/EBITDA92.0x
Dividend yield2.9%
Diluted EPS3.58

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $6.11B$5.55B$5.48B$4.69B$4.43B$3.90B$3.21B$3.05B$2.46B$2.14B
SG&A $565.5M$480.0M$449.1M$422.2M$400.7M$351.4M$211.1M$163.7M$161.4M$152.7M
Total operating expenses $5.45B$5.08B$4.95B$4.10B$3.73B$3.35B$2.62B$2.50B$2.01B$1.64B
Operating income $658.5M$471.9M$524.5M$590.0M$694.0M$557.5M$594.2M$549.8M$451.3M$497.3M
Interest expense $437.9M$452.8M$437.7M$299.1M$293.8M$333.0M$353.1M$321.5M$258.6M$236.5M
Pre-tax income $1.35B$643.1M$1.03B$411.9M$1.82B$394.4M$591.8M$333.3M$256.2M$436.6M
Income tax $32.0M$54.8M$75.6M$31.6M$72.8M$38.0M$12.0M$2.1M$7.9M$10.4M
Net income $1.31B$588.3M$950.3M$380.3M$1.75B$356.4M$579.8M$331.2M$248.3M$426.2M
EPS, basic 3.731.743.041.185.951.012.371.210.992.21
EPS, diluted 3.581.612.881.115.941.002.351.210.992.20
Shares, diluted (wtd. avg.) 347.8M331.5M309.1M297.9M283.2M262,523209.5M206.7M174.9M150.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $3.45B$3.87B$1.63B$150.7M$151.5M$123.7M$97.3M$135.2M$13.2M$22.0M
Goodwill $9.71B$8.93B$9.24B$9.21B$7.94B$8.33B$3.36B$4.35B$3.39B$753.0M
Other intangibles $1.81B$1.94B————————
Total assets $49.41B$45.28B$44.11B$41.48B$36.37B$36.08B$23.07B$23.77B$21.40B$12.19B
Total liabilities $24.56B$22.11B$23.12B$21.86B$17.85B$17.59B$12.42B$12.89B$10.30B$7.06B
Retained earnings -$6.69B-$6.29B-$5.26B-$4.70B-$3.63B-$4.00B-$3.05B-$2.63B-$2.06B—
Total equity $22.93B$21.34B$19.60B$18.11B$18.48B$18.45B$10.61B$10.86B$11.05B$5.13B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.41B$2.26B$1.63B$1.66B$1.70B$1.71B$1.51B$1.39B$1.02B$911.2M
Investing cash flow -$2.23B-$1.91B-$1.12B-$4.70B-$1.06B-$2.60B-$275.0M-$3.04B-$1.36B-$1.30B
Financing cash flow -$486.7M$2.06B$963.5M$2.97B-$590.6M$935.7M-$1.27B$1.76B$321.2M$350.6M
Dividends paid $1.73B$1.63B$1.52B$1.45B$1.38B$1.24B$996.8M$849.5M$646.4M$521.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001308179-26-000296.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Revenue, FY2016: 2.1B Net income, FY2016: 426.2M Revenue, FY2017: 2.5B Net income, FY2017: 248.3M Revenue, FY2018: 3B Net income, FY2018: 331.2M Revenue, FY2019: 3.2B Net income, FY2019: 579.8M Revenue, FY2020: 3.9B Net income, FY2020: 356.4M Revenue, FY2021: 4.4B Net income, FY2021: 1.7B Revenue, FY2022: 4.7B Net income, FY2022: 380.3M Revenue, FY2023: 5.5B Net income, FY2023: 950.3M Revenue, FY2024: 5.6B Net income, FY2024: 588.3M Revenue, FY2025: 6.1B Net income, FY2025: 1.3B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.14B $2.46B $3.05B $3.21B $3.90B $4.43B $4.69B $5.48B $5.55B $6.11B
Gross profit — — — — — — — — — —
Net income $426.2M $248.3M $331.2M $579.8M $356.4M $1.75B $380.3M $950.3M $588.3M $1.31B

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Other event Item 8.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Unregistered share sale Item 3.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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