DLR
DIGITAL REALTY TRUST, INC.Evidence as of 2026-10-16The desk's Snapshot
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Overview · DIGITAL REALTY TRUST, INC.
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data "meeting place" and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty giv…
Management team
- Mr. Gregory S. Wright · Chief Investment OfficerFind on LinkedIn
- Ms. Jeannie Lee · Executive VP, General Counsel & SecretaryFind on LinkedIn
- Mr. Christopher Sharp · Chief Technology OfficerFind on LinkedIn
- Mr. Matthew R. Mercier · Chief Financial OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.6 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
Evidence balance: Cautious ( -0.6 of a possible +2 ); confidence high. The surviving claims show reported revenues rising across the sampled fiscal quarters from $ 1,407,637,000 in Q1 2025 (fiscal quarter ended 2025-04-28) to $ 1,493,150,000 in Q2 2025 (fiscal quarter ended 2025-07-30) to $ 1,577,234,000 in Q3 2025 (fiscal quarter ended 2025-10-29) and to $ 1,635,173,000 in Q1 2026 (fiscal quarter ended 2026-04-29). Operating income and net income were both variable across the same sample—operating income ranged from $ 138,421,000 to $ 267,806,000, and net income swung from $ 67,812,000 to $ 1,032,156,000—while diluted weighted-average shares rose to 353,254,000 in Q1 2026 (fiscal quarter ended 2026-04-29).
The filings and point-in-time balances document $ 18.6 billion of total consolidated indebtedness as of December 31, 2025, cash and cash equivalents that fluctuated between roughly $ 2.3 billion and $ 3.6 billion across the sample, and concentration of ARR with the 20 largest customers at ~ 51% and the top three at ~ 26% (as reported in the Form 10-K filed 13 February 2026). Market and ownership signals survive: elevated volatility (30‑day annualized vol 28.5%, 90‑day 33.4%), price below the 50‑ and 200‑day moving averages with a golden‑cross flag, a TTM P/E of 45.67, and institutional holdings reported at $ 61.64B as of the 2026‑06‑30 13F period.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Reported revenues increased across the sampled quarters: $1,407,637,000 in fiscal Q1 2025 (2025-01-01 to 2025-03-31, 3mo) → $1,493,150,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30, 3mo) → $1,577,234,000 in fiscal Q3 2025 (2025-07-01 to 2025-09-30, 3mo) → $1,635,173,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo).
XBRL companyfacts · 0001558370-25-006125Operating income showed variability: $195,750,000 in fiscal Q1 2025 (2025-01-01 to 2025-03-31, 3mo) → $211,697,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30, 3mo) → $138,421,000 in fiscal Q3 2025 (2025-07-01 to 2025-09-30, 3mo) → $267,806,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo).
XBRL companyfacts · 0001558370-25-006125Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
In the Form 10-K filed 13 February 2026, management disclosed that as of December 31, 2025 the 20 largest customers represented approximately 51% of total annualized recurring revenue and the top three customers represented approximately 26% of total annualized recurring revenue.
10-K filed 2026-02-13In the Form 10-K filed 13 February 2026, management reported approximately 9.7 million square feet of space under active development and approximately 4.7 million square feet of space held for future development as of December 31, 2025, and noted that a portion of development is being done on a speculative basis.
10-K filed 2026-02-13Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
The six-month momentum is -11.8% and ranks in the 22th percentile of the 882-stock research universe, indicating below-average recent performance over that horizon.
Moneyta signal set · 2026-10-15The 12-month (12_1) momentum is +5.7% and sits in the 46th percentile of the 882-stock universe, roughly an average ranking over a year-minus-one-month horizon.
Moneyta signal set · 2026-10-15weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional holders reported aggregate holdings valued at "$61.64B" as of 2026-06-30 (13F reporting period).
13F holdings · 1334 filers · as of 2026-06-30Top reported institutional holders in the 2026-06-30 13F period include BlackRock, Inc. ($7.28B), VANGUARD PORTFOLIO MANAGEMENT LLC ($5.42B), VANGUARD CAPITAL MANAGEMENT LLC ($4.00B), STATE STREET CORP ($3.74B), and NORGES BANK ($3.46B).
13F holdings · 1334 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Coverage in finance.yahoo.com on 15 October 2026 highlights AI data center demand and cites a planned roughly US$100 billion American Energy Hub as putting a spotlight on digital infrastructure stocks.
News · finance.yahoo.com · 2026-10-15Kalkine Media published a notice on 9 October 2026 that Digital Realty announced €1 billion of 5.125% green bonds maturing in 2036.
News · kalkinemedia.com · 2026-10-09Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Mark R Patterson (Director) sold 200 shares for "$39k" on 27 August 2026, as reported in the filing.
Form 4 · Patterson Mark R (Director) · $39k sold · 2026-08-27The filing for Mark R Patterson does not indicate a 10b5-1 trading plan (trading_plan: null) for the 27 August 2026 sale.
Form 4 · Patterson Mark R (Director) · $39k sold · 2026-08-27Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The trailing twelve-month price/earnings ratio (P/E TTM) is 45.67.
Valuation inputs · SEC XBRL + stored EOD closeEnterprise value is $62,155,034,033 and market capitalization is $61,309,817,033.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-reported items and market signals together provide a constructive read: reported revenues show a clear upward sequence across the sampled quarters (fundamentals-0), operating income recovered to a high quarter in the latest sample (fundamentals-1), and point-in-time cash balances remain multiple billions despite quarter-to-quarter fluctuation (fundamentals-5). Large institutional ownership and placement in broad ETFs indicate broad investor participation and liquidity (ownership-0, ownership-3), and recent news items tie the company to growing AI data-center demand and successful green bond issuance that support financing optionality for growth (news-0, news-1, news-2). The evidence strengths vary: the revenue trend is strong (SEC-filed quarterly figures), institutional ownership and ETF inclusion are strong (13F and ETF weight data), and the news items are medium strength (press coverage and bond press releases), while cash balance swings are medium-strength factual points from filings.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.36
39 surviving claims rest on 15 distinct sources; the heaviest analyst carries 15% of them, and 99% of what the desk raised survived the debate.
The read is supported by a moderate breadth of sources (15 distinct items) and no single analyst dominates the narrative, so conclusions draw on multiple inputs rather than one voice. However, nearly all desk points survived debate (99% survivorship), which raises the chance that some assertions persisted by consensus rather than being stress-tested aggressively — treat the set as informative but not robustly falsified.
Peer context · computed, not argued
12-1 momentum ranks 5th of 9 in REIT—Specialty (as of 2026-10-15).
6-month relative strength ranks 6th of 9 in REIT—Specialty (as of 2026-10-15).
90-day volatility ranks 3rd of 9 in REIT—Specialty (as of 2026-10-15).
dividend yield ranks 6th of 9 in REIT—Specialty (as of 2026-10-15).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
12 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer−0.2 to the score
13 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.7 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.5 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.6 to the score
7 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
2 filings· 1 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−1.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on DLR Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.