Digital Realty Trust
Market Cap
US$39.8b
Last Updated
2021/01/20 23:19 UTC
Data Sources
Company Financials +
Executive Summary
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with proven 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
Stable Share Price: DLR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: DLR's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
5.7%
DLR
2.6%
US REITs
0.3%
US Market
1 Year Return
11.4%
DLR
-12.0%
US REITs
21.1%
US Market
Return vs Industry: DLR exceeded the US REITs industry which returned -12% over the past year.
Return vs Market: DLR underperformed the US Market which returned 21.1% over the past year.
Shareholder returns
| DLR | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.7% | 2.6% | 0.3% |
| 30 Day | 4.5% | 0.3% | 3.3% |
| 90 Day | -7.6% | 4.7% | 14.2% |
| 1 Year | 15.1%11.4% | -7.9%-12.0% | 23.8%21.1% |
| 3 Year | 41.0%26.9% | 22.6%7.5% | 45.0%35.4% |
| 5 Year | 117.7%82.7% | 50.3%19.5% | 127.7%102.3% |
Long-Term 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
3 days ago | Simply Wall St
I Ran A Stock Scan For Earnings Growth And Digital Realty Trust (NYSE:DLR) Passed With Ease4 weeks ago | Simply Wall St
Digital Realty Trust, Inc. (NYSE:DLR) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?1 month ago | Simply Wall St
What Does Digital Realty Trust's (NYSE:DLR) CEO Pay Reveal?Valuation
Is Digital Realty Trust undervalued compared to its fair value and its price relative to the market?
25.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DLR ($140.72) is trading below our estimate of fair value ($188.78)
Significantly Below Fair Value: DLR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DLR is poor value based on its PE Ratio (63.7x) compared to the US REITs industry average (38.1x).
PE vs Market: DLR is poor value based on its PE Ratio (63.7x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: DLR is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: DLR is overvalued based on its PB Ratio (2.4x) compared to the US REITs industry average (1.6x).
Next Steps
Future Growth
How is Digital Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
15.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DLR's forecast earnings growth (15.1% per year) is above the savings rate (2%).
Earnings vs Market: DLR's earnings (15.1% per year) are forecast to grow slower than the US market (21.5% per year).
High Growth Earnings: DLR's earnings are forecast to grow, but not significantly.
Revenue vs Market: DLR's revenue (8.3% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: DLR's revenue (8.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DLR's Return on Equity is forecast to be low in 3 years time (1.9%).
Next Steps
Past Performance
How has Digital Realty Trust performed over the past 5 years?
21.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DLR has a large one-off gain of $386.1M impacting its September 30 2020 financial results.
Growing Profit Margin: DLR's current net profit margins (15.1%) are higher than last year (6.6%).
Past Earnings Growth Analysis
Earnings Trend: DLR's earnings have grown significantly by 21.7% per year over the past 5 years.
Accelerating Growth: DLR's earnings growth over the past year (152.5%) exceeds its 5-year average (21.7% per year).
Earnings vs Industry: DLR earnings growth over the past year (152.5%) exceeded the REITs industry 2.9%.
Return on Equity
High ROE: DLR's Return on Equity (3.5%) is considered low.
Next Steps
Financial Health
How is Digital Realty Trust's financial position?
Financial Position Analysis
Short Term Liabilities: DLR's short term assets ($2.1B) do not cover its short term liabilities ($2.5B).
Long Term Liabilities: DLR's short term assets ($2.1B) do not cover its long term liabilities ($14.5B).
Debt to Equity History and Analysis
Debt Level: DLR's debt to equity ratio (69.3%) is considered high.
Reducing Debt: DLR's debt to equity ratio has reduced from 118% to 69.3% over the past 5 years.
Debt Coverage: DLR's debt is not well covered by operating cash flow (12.4%).
Interest Coverage: DLR's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Digital Realty Trust current dividend yield, its reliability and sustainability?
3.18%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DLR's dividend (3.18%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: DLR's dividend (3.18%) is low compared to the top 25% of dividend payers in the US market (3.87%).
Stability and Growth of Payments
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: At its current payout ratio (94.7%), DLR's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DLR's dividends in 3 years are forecast to be covered by earnings (70.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Bill Stein (66 yo)
6.83yrs
Tenure
US$12,337,700
Compensation
Mr. Arthur William Stein, also known as Bill, J.D., has been the Chief Executive Officer at Digital Realty Trust Inc. since November 2014. Mr. Stein also served as the Chief Financial Officer of Digital Re...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD12.34M) is about average for companies of similar size in the US market ($USD10.54M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.83yrs | US$12.34m | no data | |
| Chief Financial Officer | 5.67yrs | US$5.62m | 0% $ 0 | |
| Executive Vice President of Operations | 2.92yrs | US$2.69m | 0.00028% $ 111.4k | |
| Chief Investment Officer | 2yrs | US$5.67m | 0.0035% $ 1.4m | |
| Executive Vice President of Global Sales & Marketing | 2yrs | US$4.03m | no data | |
| Senior Vice President of Finance & Accounting | 0.83yr | no data | 0.000060% $ 23.9k | |
| Chief Technology Officer | 5.42yrs | US$3.49m | 0.00012% $ 47.7k | |
| Chief Information Officer | 2.33yrs | no data | no data | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Executive VP | 15.75yrs | US$2.27m | 0.0015% $ 592.8k | |
| Chief Human Resources Officer | 5yrs | no data | no data | |
| Senior Vice President of Corporate Services | 5.25yrs | no data | no data |
5.0yrs
Average Tenure
50yo
Average Age
Experienced Management: DLR's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.83yrs | US$12.34m | no data | |
| Independent Chairman of the Board | 3.67yrs | US$411.41k | 0.020% $ 7.8m | |
| Director Emeritus | 1yr | US$281.04k | 0.0039% $ 1.5m | |
| Independent Director | 3.33yrs | US$267.68k | 0.0026% $ 1.0m | |
| Independent Director | 4.42yrs | US$281.25k | 0% $ 0 | |
| Independent Director | 7.83yrs | US$281.23k | no data | |
| Independent Director | 7.83yrs | US$276.03k | 0.00097% $ 385.9k | |
| Independent Director | 1yr | no data | 0% $ 0 | |
| Independent Director | 4.5yrs | US$281.25k | 0.0018% $ 704.2k | |
| Independent Director | 3.67yrs | US$257.49k | 0% $ 0 | |
| Independent Director | 1yr | no data | 0% $ 0 | |
| Independent Director | 0.83yr | no data | no data |
3.7yrs
Average Tenure
60yo
Average Age
Experienced Board: DLR's board of directors are considered experienced (3.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DLR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 32.3%.
Top Shareholders
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$39.787b
- Market Cap: US$38.660b
- Shares outstanding: 288.33m
- 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 |
| FQI | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Oct 2004 |
| 0I9F | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Oct 2004 |
| 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% CUM PF SR L | US | USD | Oct 2019 | |
| D1LR34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 4 REPR 1 COM | BR | BRL | Jan 2020 |
Biography
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's globa...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 23:19 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.