Digital Realty Trust
Market Cap
US$28.3b
Last Updated
2019/10/16 23:50 UTC
Data Sources
Company Financials +
Executive Summary
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,000 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Latin America, Asia and Australia.
Snowflake
Fundamentals
Established dividend payer with questionable track record.
Similar Companies
Share Price & News
How has Digital Realty Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.05%
DLR
0.1%
US REITs
2.3%
US Market
1 Year Return
17.7%
DLR
19.1%
US REITs
5.6%
US Market
Return vs Industry: DLR underperformed the US REITs industry which returned 19.1% over the past year.
Return vs Market: DLR exceeded the US Market which returned 5.6% over the past year.
Shareholder returns
| DLR | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.05% | 0.1% | 2.3% |
| 30 Day | 3.3% | 0.8% | -1.0% |
| 90 Day | 8.6% | 5.3% | -0.7% |
| 1 Year | 22.0%17.7% | 24.4%19.1% | 7.9%5.6% |
| 3 Year | 50.3%35.3% | 33.7%16.6% | 45.6%36.3% |
| 5 Year | 140.4%97.3% | 63.2%28.8% | 65.8%47.6% |
Price Volatility Vs. Market
How volatile is Digital Realty Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Shareholders Are Thrilled That The Digital Realty Trust (NYSE:DLR) Share Price Increased 105%1 month ago | Simply Wall St
Why You Should Leave Digital Realty Trust, Inc. (NYSE:DLR)'s Upcoming Dividend On The Shelf1 month ago | Simply Wall St
You May Have Been Looking At Digital Realty Trust, Inc. (NYSE:DLR) All WrongValuation
Is Digital Realty Trust undervalued compared to its fair value and its price relative to the market?
29.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: DLR ($130.6) is trading below our estimate of fair value ($185.65)
Significantly Undervalued: DLR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: DLR is poor value based on its PE Ratio (119.6x) compared to the REITs industry average (35.3x).
PE vs Market: DLR is poor value based on its PE Ratio (119.6x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: DLR is poor value based on its PEG Ratio (6.3x)
Price to Book Ratio
PB vs Industry: DLR is overvalued based on its PB Ratio (3.2x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is Digital Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
19.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DLR's forecast earnings growth (19.1% per year) is above the savings rate (2.7%).
Earnings vs Market: DLR's earnings (19.1% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: DLR's earnings are forecast to grow, but not significantly.
Revenue vs Market: DLR's revenue (6.4% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: DLR's revenue (6.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: DLR's Return on Equity is forecast to be low in 3 years time (4.4%).
Next Steps
Past Performance
How has Digital Realty Trust performed over the past 5 years?
3.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: DLR's earnings have grown by 3.7% per year over the past 5 years.
Accelerating Growth: DLR's earnings growth over the past year (12.7%) exceeds its 5-year average (3.7% per year).
Earnings vs Industry: DLR earnings growth over the past year (12.7%) underperformed the REITs industry 17%.
Return on Equity
High ROE: DLR's Return on Equity (3.1%) is considered low.
Return on Assets
ROA vs Industry: DLR's Return on Assets is below or equal to the REITs industry average last year.
Return on Capital Employed
ROCE Improving: DLR's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Digital Realty Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: DLR has a high level of physical assets or inventory.
Debt Coverage by Assets: DLR's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: DLR's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if DLR has a sufficient allowance for bad loans.
Low Risk Liabilities: DLR reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if DLR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: DLR has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if DLR has an appropriate level of bad loans.
Next Steps
Dividend
What is Digital Realty Trust's current dividend yield, its reliability and sustainability?
3.31%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: DLR's dividend (3.31%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: DLR's dividend (3.31%) is low compared to the top 25% of dividend payers in the US market (3.76%).
Stable Dividend: DLR's dividends per share have been stable in the past 10 years.
Growing Dividend: DLR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.1%), DLR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DLR's dividends in 3 years are forecast to be thoroughly covered by earnings (0.3% payout ratio).
Next Steps
Management
What is the CEO of Digital Realty Trust's salary, the management and board of directors tenure and is there insider trading?
4.2yrs
Average management tenure
CEO
Bill Stein (65yo)
5.6yrs
Tenure
US$12,502,063
Compensation
Mr. Arthur William Stein, also known as Bill, J.D., has been the Chief Executive Officer at Digital Realty Trust Inc. since November 2014. Mr. Stein also served as the Chief Financial Officer of Digital Re ...
CEO Compensation Analysis
Compensation vs. Market: Bill's total compensation ($USD12.50M) is about average for companies of similar size in the US market ($USD11.23M).
Compensation vs Earnings: Bill's compensation has increased by more than 20% in the past year.
Management Age and Tenure
4.2yrs
Average Tenure
49yo
Average Age
Experienced Management: DLR's management team is considered experienced (4.2 years average tenure).
Board Age and Tenure
3.2yrs
Average Tenure
63yo
Average Age
Experienced Board: DLR's board of directors are considered experienced (3.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
John Stewart
Senior Vice President of Investor Relations
- Tenure: 0yrs
Bill Stein (65yo)
CEO & Director
- Tenure: 5.6yrs
- Compensation: US$12.50m
Edward Sham (60yo)
Chief Accounting Officer
- Tenure: 3.4yrs
Josh Mills (47yo)
Executive VP
- Tenure: 14.5yrs
- Compensation: US$2.27m
Erich Sanchack (49yo)
Executive Vice President of Operations
- Tenure: 1.7yrs
- Compensation: US$3.68m
Matt Mercier
Senior Vice President of Finance
- Tenure: 13.2yrs
Ed Diver
Chief Information Officer
- Tenure: 1.1yrs
Andy Power (39yo)
Chief Financial Officer
- Tenure: 4.4yrs
- Compensation: US$5.03m
Chris Sharp (44yo)
Chief Technology Officer
- Tenure: 4.2yrs
- Compensation: US$3.49m
Greg Wright (54yo)
Chief Investment Officer
- Tenure: 0.8yrs
Board Members
Laurence Chapman (69yo)
Independent Chairman of the Board
- Tenure: 2.4yrs
- Compensation: US$394.87k
Dennis Singleton (74yo)
Independent Director
- Tenure: 0yrs
- Compensation: US$259.93k
Mike Coke (51yo)
Independent Director
- Tenure: 2.1yrs
- Compensation: US$283.66k
Afshin Mohebbi (56yo)
Independent Director
- Tenure: 3.2yrs
- Compensation: US$259.93k
Kevin Kennedy (64yo)
Independent Director
- Tenure: 6.6yrs
- Compensation: US$259.93k
Bill LaPerch (63yo)
Independent Director
- Tenure: 6.6yrs
- Compensation: US$254.93k
Bill Stein (65yo)
CEO & Director
- Tenure: 5.6yrs
- Compensation: US$12.50m
Mark Patterson (59yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: US$259.93k
Mary Preusse (50yo)
Independent Director
- Tenure: 2.4yrs
- Compensation: US$254.57k
Company Information
Digital Realty Trust, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Digital Realty Trust, Inc.
- Ticker: DLR
- Exchange: NYSE
- Founded: 2004
- Industry: Specialized REITs
- Sector: Real Estate
- Implied Market Cap: US$28.257b
- Market Cap: US$27.210b
- Shares outstanding: 217.71m
- Website: https://www.digitalrealty.com
Number of Employees
Location
- Digital Realty Trust, Inc.
- Four Embarcadero Center
- Suite 3200
- San Francisco
- California
- 94111
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DLR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 2004 |
| FQI | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 2004 |
| 0I9F | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Oct 2004 |
| DLR.PRG | NYSE (New York Stock Exchange) | PFD SER G 5.875% | US | USD | Apr 2013 | |
| DLR.PRI | NYSE (New York Stock Exchange) | 6.35% PFD I CUM | US | USD | Aug 2015 | |
| DLR.PRJ | NYSE (New York Stock Exchange) | 5.250% PFD SER J | US | USD | Aug 2017 | |
| DLR.PRC | NYSE (New York Stock Exchange) | 6.625% PFD SER C | US | USD | Sep 2017 | |
| DLR.PRK | NYSE (New York Stock Exchange) | 5.850 PFD SR K | US | USD | Mar 2019 | |
| DLR.PRL | NYSE (New York Stock Exchange) | 5.2 PFD SER L | US | USD | Oct 2019 |
Biography
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,000 firms across its secure, network-rich portfolio of data centers located throughout North America, Europ ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 23:50 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.