Stock research

Digital Realty Trust, Inc. (DLR) Stock Research

Digital Realty owns and operates data centers that support cloud computing and AI workloads.

For the fiscal year ended December 31, 2025, Digital Realty Trust, Inc. reported revenue of $6.1B and net income of $1.3B, with operating cash flow of $2.4B. Source: Form 10-K filed February 13, 2026

SEC data as of

Revenue
$6.1B
FY ending 2025-12-31
Net income
$1.3B
FY ending 2025-12-31
Diluted EPS
$3.58
Net margin
21.5%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Digital Realty Trust

Exchange
NYSE: DLR
Sector
Real Estate
SEC industry
Real Estate Investment Trusts (SIC 6798)
Fiscal year end
December 31

DLR key financials

Reported figures from Digital Realty Trust, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$6.1B2025-01-01 – 2025-12-31SEC filing
Net income$1.3B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$2.4B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$3.582025-01-01 – 2025-12-31SEC filing
Net margin21.5%2025-01-01 – 2025-12-31SEC filing
Shares outstanding344MAs of 2026-02-09SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in DLR

Digital Realty Trust, Inc. sits in Real Estate. REITs across offices, data centers, industrial, and residential — the most rate-sensitive corner of the equity market. We have not yet written company-specific drivers for DLR; the forces that matter most for the sector are:

  • ◆Long-term interest rates and cap rates
  • ◆Occupancy and rent growth by property type
  • ◆Data-center demand from AI workloads
  • ◆Refinancing walls and commercial credit

Key questions for the DLR thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does DLR's reported profit turn into cash?

Operating cash flow was $2.4B, 1.84 times net income of $1.3B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 13, 2026

How much of DLR's revenue is left as profit?

Net income was 21.5% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 13, 2026

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What members are reading this month

The thesis, the numbers behind it, and what would break it. Full access is $39 a month.

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Congressional trading in DLR

PoliticianTrade dateTypeOwnerAmountSource
Alan Armstrong2026-03-27PurchaseSelf$1,001 - $15,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Marjorie Greene2025-09-11PurchaseSelf$1,001 - $15,000Filing #20032174
Marjorie Greene2025-05-05PurchaseSelf$1,001 - $15,000Filing #20030295
Marjorie Greene2025-03-17PurchaseSelf$1,001 - $15,000Filing #20028002

All verified DLR congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

DLR — frequently asked questions

What does Digital Realty Trust, Inc. do?

Digital Realty owns and operates data centers that support cloud computing and AI workloads.

What were DLR's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, Digital Realty Trust, Inc. reported revenue of $6.1B and net income of $1.3B, with operating cash flow of $2.4B. The figures come from Digital Realty Trust, Inc.'s SEC XBRL filings.

When does Digital Realty Trust, Inc.'s fiscal year end?

The SEC lists Digital Realty Trust, Inc.'s fiscal year end as December 31.

Do members of Congress trade DLR?

The current verified House and Senate snapshot contains 4 transaction rows for DLR, each linked to the original filing.

Is DLR a good investment?

This page does not rate DLR as a buy or sell. It sets out what Digital Realty Trust, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the DLR numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included