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DLDLR

Digital Realty Trust, Inc.

Strong FundamentalsStrong FundamentalsRevenue growing 16% YoY at strong marginsStreet coverage with positive forward estimatesQuiet on X (38 mentions/wk)
$DLR·$72B·REIT - Specialty·Real Estate
$185.47-3.5%YTD+25.4%1Y+10.0%
Mentions · last 7 days
2026-08-21: 2 posts2026-08-22: 3 posts2026-08-23: 2 posts2026-08-24: 5 posts38+9%
Price updated 3m ago·X counts updated 7d ago
DLDLR
$DLRDigital Realty Trust, Inc.
$185.47-3.45%38 posts+9%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $DLR, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersWinding up for a moveAI verdict · as of 2026-08-25

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Global data-center REIT up 25% YTD — Q2 EPS blowout +151%, Blackstone acquisition closed June 30, but 300+ data centers priced for perfection.

Digital Realty Trust is one of the two largest data-center REITs (with Equinix) with 300+ facilities globally — colocation, interconnection, and hyperscale build-to-suit for cloud/AI customers. The stock is up 25% year-to-date and 14% over trailing year on AI-data-center-demand thesis.

  • Q2 2026 EPS was $1.21 versus $0.48 expected — a 151% surprise — driven by capital gains from asset sales, not just operating leverage; the last four surprises are volatile: +151%, +4%, -16%, -45%
  • Q1 2026 revenue was $1.64B (up 16% year-over-year); the topline has held mid-teens growth as new leases activate
  • On June 30 Digital Realty closed the Blackstone Acquisition, issuing 12,310,249 shares of non-voting common stock as acquisition consideration — Blackstone's strategic capital without governance dilution
  • On August 19 a material 8-K under Item 8.01 was filed — content not in the summary but often indicates a large hyperscaler lease or portfolio update
  • Analyst 2026 revenue estimate is $7.0B on $2.58 EPS growing to $7.79B / $2.50 EPS in 2027, $8.87B / $3.15 EPS in 2028, $10.27B / $4.19 EPS in 2029 — the multi-year ramp is significant
  • The stock at $188.55 is 73x forward — expensive even for a REIT, reflecting AI-demand premium
  • Free cash flow yield 1.7% at $71.7B market cap — thin, and the equity issuance to fund development compresses per-share metrics
  • Beta 1.04 — market-linked
  • Insider signal is null this period

The AI-cost-of-capital debate flagged in August 23 news (247wallst) is the immediate overhang — data-center REITs need cheap capital to fund the buildout, and rising rates hurt disproportionately.

What to watch: The Q3 print on October 22 needs new-lease commentary on AI-hyperscaler contracts and continued Blackstone-related asset optimization — that's what determines whether the 73x forward multiple holds.

On the calendar: 2026-10-22 — Q3 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Neutral sentiment5 posts analyzed · as of 2026-08-13

X users are cautious on Digital Realty and other data-center REITs, flagging historically high valuations and terminal-value concerns despite real AI-driven demand. One notable item is the Texas Governor's office adding DLR and MARA to data-center operators pledging compliance with new rules ahead of a PUCT meeting. Coverage is thin and framed more as sector commentary than a directional call.

Read the AI verdict + X sentiment for $DLR

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

REIT owning global data centers providing colocation, interconnection, and hybrid cloud infrastructure to enterprise and hyperscale cloud customers.

Industry overviewAI analysisGenerated by AI from underlying data

Where REIT - Specialty sits in its cycle right now — and what that implies for $DLR.

REIT - Specialty · Real Estate

Data center REITs dominate REIT-Specialty performance; AI infrastructure demand is driving lease signings and development pipelines at record levels. Cell tower REITs benefit from carrier 5G densification capex, though growth rates are more moderate.

What this means for $DLR

Partial — cloud infrastructure exposure benefits indirectly from hyperscaler capex; core business is Digital Realty Trust, Inc.

Industry benchmark

5-name peer basket
+4.6%YTD
-3.3%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
48.9How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
2.0%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
14.6%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
1.7%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
10.6Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
6.0%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
25.1%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.8Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 23, 2026$1.21$0.48+150.6%
Q1 2026Apr 23, 2026$0.46$0.44+4.2%
Q4 2025Feb 5, 2026$0.24$0.29-16.5%
Q3 2025Oct 23, 2025$0.17$0.31-44.9%
Next earningsThu, Oct 22·consensus EPS $0.57

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$1.6B+16.2%-3.8%17.3%$0.49$532.4M
Q4 FY25$1.7B+19.3%-1.4%17.8%$0.26$719.0M
Q3 FY25$1.6B+10.2%55.0%8.8%$0.17$-34.5M
Q2 FY25$1.5B+10.1%55.7%14.2%$3.03$-63.1M

Forward consensus

5-year forecast · up to 21 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$7.0B$6.7B – $7.3B$2.58$2.47 – $2.7116
FY27$7.8B$6.9B – $8.3B$2.50$2.31 – $2.6621
FY28$8.9B$8.1B – $9.7B$3.15$2.28 – $3.8917
FY29$10.3B$9.6B – $10.8B$4.19$3.86 – $4.4714
FY30$11.2B$10.5B – $11.7B$4.62$4.25 – $4.928

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.7×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.63%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-1.1%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+4.0%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 347.6M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.5% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.045-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

No open-market buys or sells in the last 180 days.

+ 21 other (17 awards · 4 inkinds) in window

See when $DLR insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KPress release / Reg FDJul 238-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
AI summary

DLR filed an 8-K disclosing financial results for quarter ended June 30, 2026 under Item 2.02. press release announcing our financial results for the quarter ended June 30, 2026. Results were simultaneously disclosed under Regulation FD (Item 7.01), indicating simultaneous public release. This is a routine earnings disclosure; investors should review the accompanying press release (Exhibit 99.1) for revenue, earnings, and guidance details.

8-KOther eventJul 18-K — Item 3.03 · Item 8.01: Other event
AI summary

Digital Realty Trust completed the Blackstone Acquisition on June 30, 2026, filing Articles Supplementary to classify 12,310,249 shares as non-voting common stock ($0.01 par) as acquisition consideration — identical economics to regular shares but without voting rights. Major Blackstone strategic transaction; the non-voting share structure limits Blackstone's governance influence.

8-KUnregistered equity saleJun 298-K — Item 3.02: Unregistered equity sale · Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Digital Realty Trust disclosed unregistered equity sales and a Reg FD item on June 29, 2026. The available excerpt consists primarily of XBRL structural header metadata. Body unavailable — excerpt is XBRL metadata only with no readable details on the equity sales or the Reg FD disclosure.

8-KUnregistered equity saleJun 228-K — Item 3.02: Unregistered equity sale · Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Digital Realty Trust disclosed unregistered equity sales, a Reg FD item, and other events on June 22, 2026. The available excerpt consists of XBRL filing metadata for both the REIT and its operating partnership. Body unavailable — excerpt is XBRL metadata only with no readable details on the equity sales or other disclosures.

8-KShareholder voteJun 18-K — Item 5.07: Shareholder vote
AI summary

Digital Realty Trust, Inc. held its Annual Meeting of Stockholders on May 29, 2026; proposals including director elections were voted upon. The available excerpt is truncated before full vote tabulations are disclosed. Body unavailable — vote totals and full proposal outcomes are cut off in the available excerpt.

424B5Prospectus supplement (offering)May 4424B5
AI summary

Digital Realty Trust filed a prospectus supplement establishing a new $7.5 billion at-the-market (ATM) equity offering program on May 4, 2026, replacing a prior ATM program that had $569.9 million of capacity remaining. The program involves 21 agents including major banks (BofA, BNP Paribas, Citigroup, Deutsche Bank, JPMorgan, Morgan Stanley, and others) and permits both spot sales and forward sale agreements, with agent commissions not to exceed 2.0% of gross proceeds. Sales may occur at prevailing market prices or through negotiated transactions. The $7.5 billion program size reflects Digital Realty's capital requirements for its global hyperscale data center development pipeline spanning North America, Europe, and Asia-Pacific.

8-KPress release / Reg FDApr 238-K — Item 2.02: Earnings release · Item 7.01: Press release / Reg FD
+ 10 other (4 13Gs · 2 routine 8-Ks · 2 10-Qs · 2 proxys) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Digital Realty Expands Swiss Campus With 15MW ZUR4 Data Centerzacks.com·3d agoBamco Inc. NY Makes New Investment in Digital Realty Trust, Inc. $DLRdefenseworld.net·4d agoDigital Realty breaks ground on new state-of-the-art data center in Switzerlandglobenewswire.com·4d agoDigital Realty Selected to Develop 50 Megawatts of New Data Center Capacity in Singaporeglobenewswire.com·7d agoThe AI Debt Boom Is Helping Push Everyone’s Cost of Capital Higher247wallst.com·8d ago

In themes

Explore the broader themes this ticker is being talked about under.

AI Infrastructure

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