Digital Realty Trust Past Earnings Performance

Past criteria checks 4/6

Digital Realty Trust has been growing earnings at an average annual rate of 19.5%, while the Specialized REITs industry saw earnings growing at 19.9% annually. Revenues have been growing at an average rate of 12% per year. Digital Realty Trust's return on equity is 5.6%, and it has net margins of 20.6%.

Key information

19.5%

Earnings growth rate

13.1%

EPS growth rate

Specialized REITs Industry Growth	11.2%
Revenue growth rate	12.0%
Return on equity	5.6%
Net Margin	20.6%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Digital Realty Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:FQI Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	5,440	1,121	531
31 Dec 23	5,447	908	526
30 Sep 23	5,313	884	532
30 Jun 23	5,110	387	519
31 Mar 23	4,844	332	515
31 Dec 22	4,678	337	501
30 Sep 22	4,513	1,401	490
30 Jun 22	4,507	1,298	491
31 Mar 22	4,547	1,372	483
31 Dec 21	4,490	1,681	484
30 Sep 21	4,480	668	474
30 Jun 21	4,329	507	467
31 Mar 21	4,169	433	464
31 Dec 20	3,846	263	427
30 Sep 20	3,551	535	379
30 Jun 20	3,316	622	338
31 Mar 20	3,138	600	296
31 Dec 19	3,217	493	286
30 Sep 19	3,206	209	206
30 Jun 19	3,197	226	260
31 Mar 19	3,151	260	254
31 Dec 18	3,079	250	237
30 Sep 18	3,029	272	235
30 Jun 18	2,867	201	178
31 Mar 18	2,679	193	172
31 Dec 17	2,483	173	212
30 Sep 17	2,328	198	167
30 Jun 17	2,262	389	169
31 Mar 17	2,207	359	166
31 Dec 16	2,159	332	162
30 Sep 16	2,082	214	162
30 Jun 16	1,971	66	138
31 Mar 16	1,876	155	129
31 Dec 15	1,779	217	114
30 Sep 15	1,691	205	100
30 Jun 15	1,667	276	98
31 Mar 15	1,648	200	92
31 Dec 14	1,630	133	89
30 Sep 14	1,598	228	83
30 Jun 14	1,564	258	79
31 Mar 14	1,525	263	77
31 Dec 13	1,492	272	74
30 Sep 13	1,460	273	73
30 Jun 13	1,422	180	71

Quality Earnings: FQI has a large one-off gain of $977.5M impacting its last 12 months of financial results to 31st March, 2024.

Growing Profit Margin: FQI's current net profit margins (20.6%) are higher than last year (6.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FQI's earnings have grown by 19.5% per year over the past 5 years.

Accelerating Growth: FQI's earnings growth over the past year (237.2%) exceeds its 5-year average (19.5% per year).

Earnings vs Industry: FQI earnings growth over the past year (237.2%) exceeded the Specialized REITs industry -5.9%.

Digital Realty Trust Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

First quarter 2024 earnings released: EPS: US$0.87 (vs US$0.20 in 1Q 2023)

Digital Realty Trust, Inc. to Report Q1, 2024 Results on May 02, 2024

Full year 2023 earnings released: EPS: US$3.18 (vs US$1.18 in FY 2022)

Third quarter 2023 earnings released: EPS: US$2.40 (vs US$0.79 in 3Q 2022)

Digital Realty Trust, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Second quarter 2023 earnings released: EPS: US$0.37 (vs US$0.19 in 2Q 2022)

Recent updates

First quarter 2024 earnings released: EPS: US$0.87 (vs US$0.20 in 1Q 2023)

Digital Realty Trust, Inc., Annual General Meeting, Jun 07, 2024

Digital Realty Appoints Susan Swanezy as Independent Director

Digital Realty Trust, Inc. to Report Q1, 2024 Results on May 02, 2024

Upcoming dividend of US$1.22 per share

Fourth quarter dividend of US$1.22 announced

Digital Realty Trust, Inc. Declares Cash Dividend for the First Quarter of 2024, Payable on March 28, 2024

Digital Realty Trust, Inc. Provides Earnings Guidance for the Year 2024

Full year 2023 earnings released: EPS: US$3.18 (vs US$1.18 in FY 2022)

Digital Realty Trust, Inc. Provides Earnings Guidance for the Year 2024

Digital Realty Announces Expansion of ServiceFabric

Digital Realty Trust, Inc. Announces Resignation of Alexis Black Bjorlin as Director and Member of the Audit Committee of the Board of Directors

Upcoming dividend of US$1.22 per share at 3.6% yield

Digital Realty Trust, Inc. Declares Cash Dividend for the Fourth Quarter of 2023, Payable on January 19, 2024

Brookfield Corporation (TSX:BN) entered into an asset purchase agreement to acquire Four Data Centers from Digital Realty Trust, Inc. (NYSE:DLR) for $275 million.

Digital Realty Trust, Inc. Revises Revenue Guidance for the Year 2023

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$2.40 (vs US$0.79 in 3Q 2022)

Digital Realty Trust, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$1.22 per share at 3.8% yield

Digital Realty Trust, Inc. Announces Dividend for the Third Quarter of 2023, Payable on September 29, 2023

Digital Realty Trust, Inc. Revises Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$0.37 (vs US$0.19 in 2Q 2022)

GI Real Estate Essential Tech + Science Fund managed by GI Manager L.P. and Digital Realty Trust, Inc. (NYSE:DLR) acquired 65% interest in Two hyperscale data centers in Elk Grove Village, IL

Digital Realty Trust, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Digital Realty Trust, Inc.(NYSE:DLR) dropped from Russell 1000 Value-Defensive Index

Insufficient new directors

An unknown buyer acquired Non Core Data Center in Texas from Digital Realty (NYSE: DLR).

Upcoming dividend of US$1.22 per share at 4.6% yield

Digital Realty Trust, Inc. Declares Cash Dividend for the Second Quarter of 2023, Payable on June 30, 2023

Independent Director recently sold €134k worth of stock

First quarter 2023 earnings released: FFO per share: US$1.7 (vs US$1.64 in 1Q 2022)

Upcoming dividend of US$1.22 per share at 4.6% yield

Full year 2022 earnings released: FFO per share: US$6.4 (vs US$6.52 in FY 2021)

Digital Realty Trust, Inc. to Provide Ashburn Campus New AWS Direct Connect location

Digital Realty Appoints Serene Nah as Managing Director, Head of Asia Pacific

Digital Realty Trust, Inc. to Report Q4, 2022 Results on Feb 16, 2023

High number of new directors

Digital Realty Trust, Inc. Announces Board Changes

Upcoming dividend of US$1.22 per share

Digital Realty Trust, Inc. Announces Cash Dividend for the Fourth Quarter of 2022, Payable on January 13, 2023

Digital Realty Trust, Inc. Announces Cash Dividend for the Fourth Quarter of 2022, Payable on on January 13, 2023

Independent Director recently sold €107k worth of stock

Third quarter 2022 earnings released: EPS: US$0.79 (vs US$0.44 in 3Q 2021)

Digital Realty Trust, Inc. Revises Earnings Guidance for the Full Year 2022

Digital Realty Trust, Inc. to Report Q3, 2022 Results on Oct 26, 2022

CEO & Director recently bought €566k worth of stock

Upcoming dividend of US$1.22 per share

Chief Revenue Officer recently sold €814k worth of stock

Digital Realty Declares Cash Dividend on Common Stocks, Payable on September 30, 2022

An unknown buyer agreed to acquire Non-Core Disposition from Digital Realty Trust, Inc. (NYSE:DLR) for approximately $205 million.

An unknown buyer agreed to acquire Non-Core Disposition from Digital Realty Trust, Inc. (NYSE:DLR) for approximately $205 million.

Digital Realty Trust, Inc. (NYSE:DLR) completed the acquisition of a 55% stake in Teraco Data Environments (Pty) Ltd from Permira Advisers Ltd., Berkshire Partners LLC, Tde Luxco, BPESAL V2 S.a r.l and others.

Second quarter 2022 earnings released: EPS: US$0.19 (vs US$0.45 in 2Q 2021)

Digital Realty Trust, Inc. Updates Earnings Guidance for the Year 2022

Digital Realty Announces the Next Step in its Plan to Help Customers Unlock Trapped Value from Their Data with the Launch of ServiceFabric

Digital Realty Trust, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$1.22 per share

Digital Realty Announces Management Changes

Executive VP & Strategic Advisor recently sold €9.7m worth of stock

Digital Realty Trust, Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2022

Digital Realty Trust, Inc. Declares Quarterly Cash Dividend, Payable on June 30, 2022

CEO & Director recently bought €600k worth of stock

First quarter 2022 earnings released: FFO: US$1.19b per share (vs US$1.57 in 1Q 2021)

Digital Realty Trust, Inc., Annual General Meeting, Jun 03, 2022

Digital Realty Trust, Inc. to Report Q1, 2022 Results on Apr 28, 2022

Digital Realty Trust, Inc. Approves Quarterly Cash Dividend, Payable March 31, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

An unknown buyer acquired Mixed-use retail and data center property in San Jose, California from Digital Realty Trust, Inc. (NYSE:DLR) for $60 million.

Revenue & Expenses Breakdown
Beta