DLRDIGITAL REALTY TRUST, INC.
Real Estate Investment Trusts
- Revenue
- $6.1B
- 10% YoY
- Operating margin
- 10.8%
- 27% YoY
- EBITDA
- $2.6B
- 14% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.3×
- $845M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear184% of net incomeCash flow under 80% of net income
- Dilutive SBCClear—Over 10% of revenue
- Payouts exceed cash flowClear72% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear20% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $4.4B | $4.7B | $5.5B | $5.6B | $6.1B | 10% |
| Operating income | $694M | $590M | $524M | $472M | $658M | 40% |
| Net income | $1.7B | $380M | $950M | $588M | $1.3B | 123% |
| Operating cash flow | $1.7B | $1.7B | $1.6B | $2.3B | $2.4B | 6.7% |
| Dividends | $1.4B | $1.5B | $1.5B | $1.6B | $1.7B | 5.8% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 132 | 138 |
| FY2024 | — | — | 147 | 134 |
| FY2023 | — | — | 108 | 123 |
| FY2022 | — | — | 77 | 108 |
| FY2021 | — | — | 131 | 143 |