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U.S. Data Center REITs Industry Analysis

UpdatedAug 24, 2026
DataAggregated Company Financials
Companies4
  • 7D-3.2%
  • 3M-1.5%
  • 1Y26.7%
  • YTDn/a

Over the last 7 days, the Data Center REITs industry has dropped 4.0%, driven by declines from every company within the industry. This takes the industry's 12 month performance to a gain of 26%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the U.S. Data Center REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Aug 2026US$183.0bUS$16.7bUS$1.6b80.9x117.8x11x
Wed, 22 Jul 2026US$172.4bUS$15.8bUS$2.0b60.5x84.5x10.9x
Fri, 19 Jun 2026US$181.6bUS$15.8bUS$2.0b62.6x89x11.5x
Sun, 17 May 2026US$177.8bUS$15.8bUS$2.0b61.5x87.1x11.2x
Tue, 14 Apr 2026US$173.4bUS$15.3bUS$2.1b64.6x83x11.3x
Thu, 12 Mar 2026US$162.3bUS$15.3bUS$2.6b59.9x62x10.6x
Sat, 07 Feb 2026US$141.4bUS$15.2bUS$2.3b62.1x60.5x9.3x
Mon, 05 Jan 2026US$134.7bUS$14.9bUS$2.4b54.6x55.4x9x
Wed, 03 Dec 2025US$135.4bUS$14.9bUS$2.4b53.1x55.7x9.1x
Fri, 31 Oct 2025US$154.8bUS$14.9bUS$2.4b59.6x63.7x10.4x
Sun, 28 Sep 2025US$136.9bUS$14.6bUS$2.3b60.7x58.6x9.4x
Tue, 26 Aug 2025US$134.6bUS$14.6bUS$2.3b59.6x57.6x9.2x
Thu, 24 Jul 2025US$139.8bUS$14.3bUS$1.3b119.4x106.2x9.8x
Sat, 21 Jun 2025US$147.3bUS$14.3bUS$1.3b122.3x111.9x10.3x
Mon, 19 May 2025US$143.0bUS$14.3bUS$1.3b119.6x108.5x10x
Wed, 16 Apr 2025US$126.8bUS$14.2bUS$1.4b91.1x92.1x9x
Fri, 14 Mar 2025US$135.2bUS$14.2bUS$1.4b93.5x98.2x9.5x
Sun, 09 Feb 2025US$146.9bUS$13.5bUS$1.5b112.2x100.8x10.9x
Tue, 07 Jan 2025US$154.1bUS$13.5bUS$1.5b117.3x105.8x11.4x
Thu, 05 Dec 2024US$157.6bUS$13.5bUS$1.5b123.1x108.2x11.7x
Sat, 02 Nov 2024US$147.8bUS$13.8bUS$1.5b113.4x101.5x10.7x
Mon, 30 Sep 2024US$137.6bUS$13.4bUS$2.1b64.8x65x10.3x
Wed, 28 Aug 2024US$128.0bUS$13.4bUS$2.1b60.3x60.4x9.6x
Fri, 26 Jul 2024US$125.6bUS$13.3bUS$2.1b60.1x60.9x9.4x
Sun, 23 Jun 2024US$121.7bUS$13.3bUS$2.1b60x59x9.2x
Tue, 21 May 2024US$123.5bUS$13.3bUS$2.1b60.8x59.9x9.3x
Thu, 18 Apr 2024US$113.0bUS$13.2bUS$1.9b59.3x60.2x8.6x
Sat, 16 Mar 2024US$127.3bUS$13.2bUS$1.9b65.7x67.8x9.6x
Mon, 12 Feb 2024US$125.9bUS$12.8bUS$1.8b71.4x71.8x9.8x
Wed, 10 Jan 2024US$116.3bUS$12.8bUS$1.8b66x66.3x9.1x
Fri, 08 Dec 2023US$117.8bUS$12.8bUS$1.8b66.7x67.2x9.2x
Sun, 05 Nov 2023US$113.5bUS$12.8bUS$1.8b64.3x64.7x8.9x
Tue, 03 Oct 2023US$105.4bUS$12.3bUS$1.2b87.6x88.3x8.6x
Thu, 31 Aug 2023US$114.9bUS$12.3bUS$1.2b97.4x96.2x9.3x
Price to Earnings Ratio

96.2x


Total Market Cap: US$114.9bTotal Earnings: US$1.2bTotal Revenue: US$12.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Data Center REITs Industry Price to Earnings3Y Average 78x202420252026
Current Industry PE
  • Investors are optimistic on the American Data Center REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 118x which is higher than its 3-year average PE of 77.9x.
  • The 3-year average PS ratio of 9.9x is lower than the industry's current PS ratio of 11.0x.
Past Earnings Growth
  • The earnings for companies in the Data Center REITs industry have grown 9.2% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Data Center REITs compare with similar industries?

US Market-1.19%
Real Estate0.50%
Specialized REITs-0.77%
Data Center REITs-3.20%
Telecom Tower REITs2.07%
Timber REITs0.80%
Self-Storage REITs-0.39%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BXDC Blackstone Digital Infrastructure TrustUS$20.541.0%
+US$21.1m		n/an/a

Latest News

BXDC
US$20.54
Blackstone Digital Infrastructure Trust
7D
1.0%
1Y
n/a
Seeking Alpha • Aug 20

Blackstone Digital Infrastructure Trust: Strong Data Center Demand, But The First Deal Still Matters

Summary Blackstone Digital Infrastructure Trust is rated Hold due to high uncertainty and lack of executed deals despite strong data center demand. BXDC aims to acquire stabilized, income-producing US data centers leased to hyperscale tenants, leveraging Blackstone’s sourcing platform and capital strength. Current market conditions favor data center owners, but BXDC's investment case hinges on acquiring assets at attractive yields and proving tangible cash flow. With no assets acquired or revenue generated yet, BXDC's valuation appears fair at 20x forward FFO, warranting a watchlist position rather than a buy. Read the full article on Seeking Alpha
DLR
US$190.62
Digital Realty Trust
7D
-3.7%
1Y
14.9%
Narrative Update • Aug 19

DLR: Hyperscale AI Demand And Power Access Will Drive Future Upside

Analysts have lifted the fair value estimate for Digital Realty Trust to $223.32 from $218.72, reflecting higher assumptions for revenue growth, profit margins, and future earnings multiples, supported by a broad wave of price target increases across the Street up to $240. Analyst Commentary Recent research updates on Digital Realty Trust show a clear tilt toward more positive views on execution, earnings power, and valuation support, even as some analysts flag trade offs versus peers and the need for continued delivery on growth plans.
FRMI
US$5.92
Fermi
7D
-3.6%
1Y
n/a
Seeking Alpha • Aug 17

Fermi: Hyper Moore's Law For Power May Dwarf The Governance Issues

Summary Fermi Inc. is rated Strong Buy, with a transformative tenant deal and major project catalysts sharply improving its risk-reward profile. FRMI's turbine and permit capacity position it to capture surging AI compute demand. Governance drama has eased, and Fermi 2.0 delivered, opening the path for further tenant signings and a re-rating. Near-term price targets of $30-40 are supported by GW-to-revenue math, with blue-sky scenarios offering 50-100x upside if execution continues. Read the full article on Seeking Alpha
EQIX
US$1,065.39
Equinix
7D
-2.9%
1Y
36.2%