COVERAGE / DLR / Real Estate

DIGITAL REALTY TRUST, INC.

Real Estate Investment Trusts

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$6.11bn

Prior / $5.55bn

Change / +10.04%

SOURCE / 2026-02-13

Operating income

$0.66bn

Prior / $0.47bn

Change / +39.55%

SOURCE / 2026-02-13

Net income

$1.31bn

Prior / $0.6bn

Change / +117.20%

SOURCE / 2026-02-13

Diluted EPS

$3.58

Prior / $1.61

Change / +122.36%

SOURCE / 2026-02-13

Free cash flow

Not available

Prior / Not available

Change / Unavailable

SOURCE / 2026-02-13

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

10.77%

Prior / 8.49%

Change / +2.28 pp

SOURCE / 2026-02-13

Return on avg. equity

5.91%

Prior / 2.98%

Change / +2.93 pp

SOURCE / 2026-02-13

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 6112692000,
    "accn": "0001104659-26-015365",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "frame": "CY2025",
    "tag": "us-gaap:Revenues",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 1308589000,
    "accn": "0001104659-26-015365",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 658492000,
    "accn": "0001104659-26-015365",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 3.58,
    "accn": "0001104659-26-015365",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 2412136000,
    "accn": "0001104659-26-015365",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 49410468000,
    "accn": "0001104659-26-015365",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 24564494000,
    "accn": "0001104659-26-015365",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 22925663000,
    "accn": "0001104659-26-015365",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-13",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$6.11bn	$1.31bn	Not available	$3.58
2024-12-31	$5.55bn	$0.6bn	Not available	$1.61
2023-12-31	$5.48bn	$0.95bn	Not available	$2.88
2022-12-31	$4.69bn	$0.38bn	Not available	$1.11

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	51.47x	Unavailable	44.72x	6
P/S	Unavailable	Unavailable	19.40x	3
P/B	Unavailable	Unavailable	7.15x	3
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	4.62%	1

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 184.26,
  "tradingDate": "2026-09-17",
  "marketCap": null,
  "source": "Yahoo Finance completed daily-bar snapshot; not live"
}

Company & operating context

DIGITAL REALTY TRUST, INC. is an SEC-reporting issuer listed on NYSE under DLR. Its SEC industry description is Real Estate Investment Trusts. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Property owners and infrastructure REITs depend on occupancy, contractual income and financing. GAAP earnings and cash flow do not substitute for a reconciled FFO measure.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-02-13PERIOD / 2025-12-31

Annual-disclosure reading guide for DLR: Occupancy, leasing spreads, maturity schedules and reconciled FFO disclosures. Filing metadata only; this note is not a substantive review of the full document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0054DLRCompany Research

DLR: reading the FY2025 financial structure ↗

DIGITAL REALTY TRUST, INC.

Research abstract

Annual revenue of USD 6.113 billion and net income of USD 1.309 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Lease rollover, refinancing, development costs, tenant concentration and property values.

Occupancy, leasing spreads, maturity schedules and reconciled FFO disclosures.

REAL ESTATE SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-02-13
SEC annual filing · 2024-12-31 ↗Source date 2026-02-13
SEC annual filing · 2023-12-31 ↗Source date 2026-02-13
SEC annual filing · 2022-12-31 ↗Source date 2025-02-25
SEC issuer record ↗Source date 2026-09-18