Digital Realty (DLR)
Real Estate · Data center REITs / Cloud infrastructure real estate
Global REIT operating 310+ data centers across six continents, leveraging data gravity trends to capture cloud infrastructure and digital transformation demand.
What Digital Realty does
Digital Realty is a leading global provider of data center, colocation, and interconnection solutions operating as a REIT. The company owns, acquires, develops, and operates 310 data centers across six continents (118 in the US, 113 in Europe, 36 in Latin America, 16 in Africa, 18 in Asia, six in Australia, and three in Canada). It serves enterprises, cloud service providers, and IT service firms seeking to solve global coverage, capacity, and connectivity needs through its PlatformDIGITAL® cloud and carrier-neutral platform.
Themes: ["Data centers / cloud infrastructure","Digital transformation","Data gravity","Cloud adoption","AI infrastructure","5G / IoT","Global connectivity","Enterprise IT outsourcing","Hybrid cloud"]
Fundamentals
- Price$179.33 as of 2026-07-09 close
- Market cap$64.0B as of 2026-07-10
- 1-year return+4.8% as of 2026-07-09 close
- P/E46.47 as of 2026-07-10
- Net margin+21.7% as of 2026-07-10
- Gross margin+58.1% as of 2026-07-10
- ROE+6.0% as of 2026-07-10
- Debt / equity0.77 as of 2026-07-10
- Revenue growth (YoY)+12.6% as of 2026-07-10
- Revenue CAGR (3y)+9.2% SEC XBRL
- Beta1.06 as of 2026-07-10
Dividend: yield +2.8%; pays a dividend.
Key risks (from latest filing)
["High capital intensity and ongoing need for substantial investment to maintain and expand the global data center portfolio, with significant power and infrastructure costs","Exposure to cloud service provider concentration and dependency, as leading cloud platforms represent material portions of tenant base and demand","Foreign exchange risk across 193 countries with non-US data center operations, evidenced by negative foreign currency translation adjustments in Q1 2026"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.