DLR

NYSE

DIGITAL REALTY TRUST, INC.

Real Estate, Data Center REITs

$193.80

close 7 Aug 2026

+14.86%

52-week change

$67.62B

market cap

$146.23

$208.14

52-week range

Expected price

$169.70 – $207.41

Current price

$193.80

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)51.41x

P/S (TTM)10.67x

P/B2.89x

EV/EBITDA (TTM)24.59x

FCF yield (TTM)-1.06%

PEG (TTM, GAAP)1.08

Context

P/E, own 5-year average66.38x

P/E, sector median34.68x*

Price at 5-year median P/E$185.84*

Indicated dividend yield2.52%

Forward — analyst consensus

Forward P/E (FY2026)57.95x*

Forward P/E (FY2027)66.07x

Forward PEG—*

Consensus EPS FY2026 (4 analysts)$3.34

EPS growth (FY2026→FY2027)-12.30%

Revenue growth (FY2026)16.39%

Street view

Price target (mean)$221.68*

Target upside14.38%

Ratings (buy / hold / sell)27 / 6 / 0

FY2026 EPS revisions, 30d (up / down)2 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 31 Mar 2026, filed 1 May 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$193.80

Cash & equivalents$2.43B

Total debt$707.96M

Shares outstanding348.92M

Result

DCF price per share-$41.72

Current price$193.80

Margin of safety-121.53%

PV of years 1–10-$6.17B

PV of terminal value-$10.10B

Equity value-$14.56B

Market-implied growth—

The base free cash flow is not positive; growing a negative flow is rarely a meaningful valuation.

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	-$754.36M	-$792.08M	-$831.68M	-$873.27M	-$916.93M	-$962.78M	-$1.01B	-$1.06B	-$1.11B	-$1.17B	-$21.81B
PV	-$698.48M	-$679.08M	-$660.22M	-$641.88M	-$624.05M	-$606.71M	-$589.86M	-$573.48M	-$557.55M	-$542.06M	-$10.10B

period to 31 Mar 2026, filed 1 May 2026, close 7 Aug 2026