Quote Overview

Stock Activity

Open	138.53
Day Low	137.17
Day High	141.95
52 Wk Low	86.33
52 Wk High	154.18
Avg. Volume	1,411,004
Market Cap	43.91 B
Dividend	4.88 ( 3.47%)
Beta	0.54

Key Earnings Data

Earnings ESP	-1.00%
Most Accurate Est	1.61
Current Qtr Est	1.63
Current Yr Est	6.68
Exp Earnings Date	^*AMC5/2/24
Prior Year EPS	6.59
Exp EPS Growth (3-5yr) 6.59%
Forward PE	21.06
PEG Ratio	3.20

Finance » REIT and Equity Trust - Other

*BMO = Before Market Open *AMC = After Market Close

Research Reports for DLR

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Style Scores F Value F Growth F Momentum F VGM
Zacks Rank	Hold 3
Zacks Industry Rank	Bottom 42%(147 out of 252)
Zacks Sector Rank	Top 50% (8 out of 16)
Earnings ESP	-1.00%
Research Reports for DLR Analyst \| Snapshot

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Top Peers	Symbol	Zacks Rank
Digital Realty Trust	DLR
CTO Realty Growth	CTO
Farmland Partners	FPI
Gladstone Commercial	GOOD
Peakstone Realty Trust	PKST
Cousins Properties	CUZ
Four Corners Property Trust	FCPT

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Company Summary

Digital Realty Trust is engaged in the ownership, acquisition, repositioning and management of the technology-related real estate. Specifically, the company offers data center, colocation and interconnection solutions for domestic and international tenants through its portfolio of data centers located throughout North America, Europe, South America, Asia, Australia and Africa. The tenants belong to a wide variety of industry verticals, ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

Headquartered in Austin, TX, Digital Realty is diversified in major metropolitan areas where data center and technology customers are concentrated. As of Dec 31, 2023, the company’s portfolio comprised 309 data centers, with 242 properties in the consolidated portfolio and 67 in the managed and non-managed unconsolidated portfolio. Particularly, the consolidated portfolio comprised 107 data centers in North America, 112 in Europe, 11 in the Asia Pacific and 12 in Africa. The total portfolio comprised roughly 39.7 million net rentable square feet, excluding 8.5 million square feet of space under active development and 4.1 million square feet of space held for future development.

In March 2024, Digital Realty joined forces with Mitsubishi Corporation to form a data center development joint venture ("JV"). The collaboration marks a significant milestone in both companies’ expansion strategy, aiming to capitalize on the ever-growing demand for data infrastructure. Digital Realty has retained a 35% equity interest in the joint venture, while Mitsubishi retained remaining a 65% interest, with an initial investment of approximately $200 million.

In December 2023, Digital Realty entered into a JV worth $7 billion with Blackstone Inc., a global alternative asset manager, to develop four hyperscale data center campuses across Frankfurt, Paris and Northern Virginia, supporting around 500 megawatts of total IT load upon full build-out.

Note: All EPS numbers presented in this report represents funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.