Digital Realty Trust Inc (DLR) Fair Value & Analysis
Real Estate · US · Market cap $73.0B · ISIN US2538681030
What is Digital Realty Trust Inc really worth?
Digital Realty Trust Inc
DLR · US
Below-average quality, and trading another 212% above our fair value of $60.12.
Strengths
Risks
For context
Fair value as of: Aug 31, 2026
From 15 valuation models · updated 5 days ago
Share price −3.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($75.15). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.
How to read this chart
60‑month range $77.88 – $202.56 · fair‑value band $44.98 – $75.15 · the $187.79 price screens above the $60.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.
Analysis
Digital Realty Trust Inc (DLR) currently trades at $187.79, while our model-based Fair Value estimate is $60.12, implying the stock looks roughly 212.4% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Real Estate sector. Bull case: the DCF Models group reads highest at a median of $122.13 per share, and 0 of the 14 models we run sit above the $187.79 price. Bear case: the Growth DCF group reads lowest at $20.30, and 14 of the 14 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Digital Realty Trust Inc generated revenue of $6.3B at a net margin of 21.8%. Revenue grew 16.7% year over year. It earns a return on equity of 5.7%. Net debt stands at $20.7B. Fundamentals as of Aug 31, 2026
Our scenario range runs from $44.98 (bear case) to $75.15 (bull case); at $187.79, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −49% fair-value upside, at −68%, DLR screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 15 models by family
Widest divergence: DCF Models ($122.13) versus Growth DCF ($20.30). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 58
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Digital Realty Trust, Inc. owns, acquires, develops, and operates data centers through its operating partnership subsidiary, Digital Realty Trust, L.P.
Full company description
Digital Realty Trust, Inc. owns, acquires, develops, and operates data centers through its operating partnership subsidiary, Digital Realty Trust, L.P. The company is focused on providing data center, colocation, and interconnection solutions for domestic and international customers across a variety of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products. As of March 31, 2026, the company's 309 data centers, including 89 data centers held as investments in unconsolidated entities, contain applications and operations critical to the day-to-day operations of technology industry and corporate enterprise data center customers. Digital Realty's portfolio is comprised of approximately 3.0 gigawatts of IT capacity, as well as approximately 6.3 gigawatts of buildable IT capacity under active development and held for future development, located throughout North America, Europe, South America, Asia, Australia, and Africa. Digital Realty Trust, Inc. was established and incorporated on March 09, 2004 in Maryland and is based in Austin, Texas.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Digital Realty Trust Inc reported revenue of $6.1B in FY2025 versus $4.4B in FY2021, a compound +8.4%/yr. Reported net income was $1.3B in FY2025, compounding −6.5%/yr from FY2021.
of which total revenue +13.4 % · buybacks/dilution −9.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
DLR screens 212% overvalued. Compare with Equinix, Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Key Reasons to Add Digital Realty Stock to Your Portfolio Now
- Digital Realty Trust (DLR) Stock May Be 38% Undervalued On New Switzerland Data Center
Peer Group
REIT - Specialty · 31 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Specialty median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Specialty stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Equinix, Inc EQIX | $1,044 | $199.31 | −81% |
| American Tower Corporation AMT | $176.23 | $130.57 | −26% |
| Iron Mountain Incorporated IRM | $117.40 | $40.40 | −66% |
| Crown Castle Inc CCI | $74.03 | $37.67 | −49% |
| SBA Communications Corporation SBAC | $190.95 | $143.83 | −25% |
| Weyerhaeuser Company WY | $23.38 | $8.42 | −64% |
| Lamar Advertising Company LAMR | $151.72 | $114.66 | −24% |
| Gaming and Leisure Properties, Inc GLPI | $42.08 | $36.60 | −13% |
| Rayonier Inc RYN | $21.25 | $9.96 | −53% |
| OUTFRONT Media Inc OUT | $30.03 | $13.07 | −56% |
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