# Digital Realty Trust Inc. (DLR) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $188.39, market value $71.1 billion.

## Valuation
- **P/E (trailing): 91.9×** (5-yr avg 59.5×, 3-yr avg 63.8×). Digital Realty Trust Inc. trades at 91.9× trailing earnings, well above its own five-year average of 59.5×: investors are paying up relative to the company's past. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 65.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.53**. A PEG of 0.53 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 11.2×**. Each dollar of revenue is priced at 11.2×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 26.4×**. Enterprise value is 26.4× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Earnings yield: 1.1%**. The inverse of the P/E: 1.1% of the price is earned each year.

## Profitability
- **Operating margin: 11.5%**. 11.5% of revenue is left after running the business.
- **Net margin: 21.4%**. 21.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.7%**. 5.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 2.6%**. Return on all capital, debt included, is 2.6%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.8%**. Each dollar of assets produces 2.8% of profit.

## Growth
- **Revenue growth (1 yr): 10.0%** (3-yr 9.2%/yr, 5-yr 9.4%/yr). Revenue grew 10.0% over the last year, against 9.4% a year compounded over five years.
- **EPS growth (1 yr): 122.4%** (3-yr 47.7%/yr, 5-yr 29.1%/yr). Earnings per share rose 122.4%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.13**. Debt is 0.13 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Digital Realty Trust Inc. holds more cash than debt.
- **Altman Z-score: 2.56**. A Z-score of 2.56 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.59%** ($4.88 per share, trailing). Digital Realty Trust Inc. yields 2.59%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 132%**. The dividend exceeds earnings (132% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 22**. 22 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 1.7%/yr** (1-yr 0.0%). The dividend has grown 1.7% a year over five years.

## Analyst view
- **Analyst consensus: strong_buy** (31 analysts). 31 analysts cover Digital Realty Trust Inc.; the consensus is strong_buy, with an average price target of $223.32 (+19% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 19.0%** (YTD 23.4%, 3-mo 1.5%). The shares are up 19.0% over twelve months including dividends.
- **From 52-week high: -9.5%** (28.8% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 0.78** (volatility 27%). Beta of 0.78 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=DLR · Page: https://foliofundamentals.com/stocks/dlr

Not investment advice.