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 on March 09, 2004 and incorporated in Maryland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.1B | $3.7B | $1.3B | $2.4B | 5.9% | 10.0% | 117.2% |
| 2024 | $5.6B | $2.9B | $602M | $2.3B | 2.9% | 1.4% | -36.5% |
| 2023 | $5.5B | $3.2B | $949M | $1.6B | 5.2% | 16.7% | 151.2% |
| 2022 | $4.7B | $2.3B | $378M | $1.7B | 2.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 4,691.83 | 5,477.06 | 5,554.97 | 6,112.69 |
| Cost Of Revenue | - | 2,017.56 | 2,598.07 | 2,519.11 | 2,726.74 |
| Gross Profit | - | 2,674.27 | 2,878.99 | 3,035.85 | 3,385.96 |
| Operating Expense | - | 2,012.54 | 2,151.44 | 2,278.90 | 2,463.82 |
| Operating Income | - | 661.73 | 727.55 | 756.95 | 922.14 |
| EBITDA | - | 2,288.94 | 3,158.49 | 2,867.72 | 3,677.79 |
| EBIT | - | 711.01 | 1,463.63 | 1,095.92 | 1,783.15 |
| Pretax Income | - | 411.88 | 1,025.89 | 643.09 | 1,345.20 |
| Tax Provision | - | 31.55 | 75.58 | 54.76 | 32.04 |
| Net Income | - | 377.68 | 948.84 | 602.49 | 1,308.59 |
| Net Income Common Stockholders | - | 336.96 | 908.11 | 561.77 | 1,267.86 |
| Total Expenses | - | 4,030.10 | 4,749.52 | 4,798.02 | 5,190.56 |
| Interest Expense | - | 299.13 | 437.74 | 452.84 | 437.95 |
| Selling General And Administration | - | 422.17 | 449.06 | 480.02 | 565.48 |
| Normalized EBITDA | - | 2,235.09 | 2,461.04 | 2,562.85 | 2,945.84 |
| Normalized Income | - | 327.96 | 302.77 | 323.58 | 594.07 |
| Market Cap | 69,784.80 | 69,784.80 | 69,784.80 | 69,784.80 | 69,784.80 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Digital Realty Trust, Inc.this co. | DLR | $70.2B | 53.33β premium | 3.14 | 5.9% | 23.38 |
| American Tower Corporation | AMT | $83.3B | 32.86 | 22.75 | 69.3% | 19.64 |
| Simon Property Group, Inc. | SPG | $65.7B | 16.55 | 14.82 | 89.5% | 13.23 |
| Public Storage | PSA | $60.9B | 30.33 | 11.05 | 36.4% | 19.73 |
| Realty Income Corporation | O |
| - |
| - |
| - |
| - |
| - |
| - |
| $57.3B |
| 55.78 |
| 1.50 |
| 2.7% |
| 18.38 |
| CBRE Group, Inc. | CBRE | $44.2B | 37.53 | 4.89 | 13.0% | 25.48 |
| Ventas, Inc. | VTR | $38.2B | 158.16 | 3.17 | 2.0% | 23.00 |
| Crown Castle Inc. | CCI | $37.6B | 84.86 | -23.04 | -27.2% | 24.42 |
| Iron Mountain Incorporated | IRM | $34.2B | 238.72 | -35.18 | -14.7% | 25.25 |
| Peer Median | - | 46.66 | 4.03 | 7.9% | 21.37 | |