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DLR

DIGITAL REALTY TRUST, INC.

At today's price, DIGITAL REALTY TRUST, INC. (DLR) is priced for +6.5% FFO growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.

Live priced in
+6.5% FFO growth
Priced In
within-range

Key Takeaways

• Digital Realty owns and develops data centers leased to hyperscalers and enterprises, and at $188 the stock trades near 22 times adjusted funds from operations, a premium multiple that prices the company as a growth developer riding AI-driven demand rather than a steady-state landlord. • The headline bet is durable AFFO growth: the price embeds adjusted funds from operations compounding around 8% a year, and the company is backing that with a record $1.8 billion leasing backlog and 1.2 gigawat

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Institutional ownership

1,211 institutional managers reported holding DLR in 13F filings for the quarter ended 2026-03-31. Together they hold about 90% of the company; the top 10 hold 53%. 136 opened new positions that quarter. Held by Vanguard Group, BlackRock, Cohen & Steers, among others. On the short side, 8.1M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.5 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

DLR's share count grew 17.7% over the past five years. It pays a dividend, and has paid one every year in our records (16 and counting). Cash returned over the past three years: $4.63B in dividends.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Insider activity

No open-market insider buys on file at DLR over the trailing three years. Absence is a fact about the company, not a signal. 7 officers and directors are on file.

Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.

Earnings reactions

DLR's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext quarter
2023-08-05-0.7%-2.2%
2023-11-10+4.6%+6.5%
2024-02-24-0.4%+3.7%
2024-05-04+6.5%+3.0%

Day-one is the close-to-close move around the filing. Nothing here is investment advice.

Recent filings

DLR's latest 8-K filings: 2026-07-01 (items 3.03, 8.01, 9.01); 2026-06-29 (items 3.02, 7.01, 8.01, 9.01); 2026-06-22 (items 3.02, 7.01, 8.01, 9.01); 2026-06-01 (items 5.07); 2026-05-04 (items 8.01, 9.01).

Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.

Compare DLR

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Last analyzed: June 28, 2026

For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.