--- title: Digital Realty (DLR) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/dlr ticker: DLR as_of: 2026-10-17 sector: Real Estate industry: REIT - Specialty --- # Digital Realty (DLR) Digital Realty (DLR) closed at $175.97 on Oct 16, 2026, overvalued by 7% vs its model value of $164.91 (from its own five-year median price to Cash FFO). ## Key figures | Figure | Value | | --- | ---: | | Last close | $175.97 (Oct 16, 2026) | | Model value (from its own five-year median price to Cash FFO) | $164.91 | | Price vs model | overvalued by 7% vs model | | Range of that model | $146.66 – $187.75 | | Market value | $65.3B | | P/E (fiscal 2025) | 49.2 | | Net margin (fiscal 2025) | 21.4% | | Free cash flow (fiscal 2025) | — | | Dividend yield (trailing twelve months) | 2.77% | | Beta | 1.01 | | Cost of capital (WACC) | 8.38% | | Business classification | Dividend Payer (Low/slowing growth (~6% recent), High profitability (21% net margin), Pays dividends, Highly cyclical earnings) | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 2.77% | | Dividends per share, last 12 months | $4.88 | | Dividends / FFO (fiscal 2025) | 54.0% | | Raised | — | | Growth over 5 years | 1.2% a year | | Latest payment | $1.22, ex-date Sep 15, 2026, paid Sep 30, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Sep 14, 2021 | $4.60 | | To Sep 14, 2022 | $4.82 | | To Sep 14, 2023 | $4.88 | | To Sep 13, 2024 | $4.88 | | To Sep 15, 2025 | $4.88 | | Trailing twelve months (to Sep 15, 2026) | $4.88 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | P/Cash FFO · own history | primary | $164.91 | $146.66 | $187.75 | | P/E · peers | cross check | $178.43 | $118.23 | $215.71 | | P/E · own history | cross check | $172.67 | $148.09 | $327.49 | | PEG | sanity check | $21.97 | $21.97 | $21.97 | | EV/EBITDA · peers | cross check | $125.04 | $123.80 | $183.22 | | EV/Revenue · peers | cross check | $113.04 | $112.72 | $185.98 | | Dividend discount | cross check | $92.83 | $65.58 | $144.64 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($38,792); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Oct 1, 2026 | Kornegay Christine Beseda | CHIEF ACCOUNTING OFFICER | Tax withholding | 54 | $9,530.5 | | Sep 30, 2026 | Jamieson VeraLinn | Director | Grant / award | 156 | $0 | | Sep 30, 2026 | Swanezy Susan | Director | Grant / award | 156 | $0 | | Aug 27, 2026 | Patterson Mark R | Director | Open-market sell | 200 | $38,792 | | Jul 1, 2026 | Kornegay Christine Beseda | CHIEF ACCOUNTING OFFICER | Tax withholding | 53 | $9,345 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Oct 9, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1297996/000119312526419168/d368817d8k.htm | | Oct 6, 2026 | 8-K | 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1297996/000119312526415815/d106844d8k.htm | | Oct 6, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1297996/000119312526415814/d191285d8k.htm | | Oct 6, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/1297996/000119312526414921/d178810d8k.htm | | Aug 19, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1297996/000119312526357083/d145363d8k.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Viking Global | 2026-06-30 | 2,310,475 | $414.9M | | Soros | 2026-06-30 | 539,618 | $96.9M | | Christopher Davis | 2026-06-30 | 73,280 | $13.2M | | Bridgewater | 2026-06-30 | 1,267 | $227,528 | 4 tracked managers in all. ## About Digital Realty Trust, Inc. owns, acquires, develops, and operates data centers through its operating partnership subsidiary, Digital Realty Trust, L.P. The company is focused on providing data center, colocation, and interconnection solutions for domestic and international customers across a variety of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products. As of March 31, 2026, the company's 309 data centers, including 89 data centers held as investments in unconsolidated entities, contain applications and operations critical to the day-to-day operations of technology industry and corporate enterprise data center customers. Digital Realty's portfolio is comprised of approximately 3.0 gigawatts of IT capacity, as well as approximately 6.3 gigawatts of b… --- Source: https://sweetvaluelab.com/stocks/dlr (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.