DLR
DIGITAL REALTY TRUST, INC.Evidence as of 2026-09-02Overview · 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 your 7-day free trial 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.
−0.0 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.
The surviving claims show that for the fiscal quarter ended 2026-04-29, reported revenues were $ 1,635,173,000, up from $ 1,407,637,000 in the comparable fiscal quarter ended 2025-04-28; operating income rose to $ 267,806,000 from $ 195,750,000, implying an operating margin of about 16.4% versus about 13.9% a year earlier. Net income improved to $ 179,274,000 from $ 109,974,000, while weighted average diluted shares outstanding increased to 353,254,000 from 344,721,000 and point-in-time common shares were 351,406,070 as of 2026-04-29 versus 312,426,614 as of 2024-05-01.
On the balance sheet and market side, cash and cash equivalents declined from $ 3,870,891,000 as of 2024-12-31 to $ 2,426,631,000 as of 2026-03-31 while total liabilities rose from $ 22,107,836,000 to $ 23,462,959,000. Market and valuation signals in the packet are mixed: beta versus SPY is 0.78 with correlation 0.37, short-term volatility is elevated (30‑day annualized vol 41.2%, 90‑day 32.5%), dividend yield is 2.66% (75th percentile), market cap is 64,402,190,449 at a share price of 183.27, EV/EBITDA (TTM) is 24.03 and P/E (TTM) is 47.98.
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 for the fiscal quarter 2026 Q1 (2026-01-01 to 2026-03-31) were $1,635,173,000, up from $1,407,637,000 in fiscal Q1 2025 (2024-01-01 to 2024-03-31).
XBRL companyfacts · 0001104659-26-054255Operating income increased to $267,806,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31) from $195,750,000 in fiscal Q1 2025 (2024-01-01 to 2024-03-31); that implies an operating margin of about 16.4% in fiscal Q1 2026 versus about 13.9% in fiscal Q1 2025 (operating income ÷ revenues for each quarter).
XBRL companyfacts · 0001104659-26-054255Reads 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.
The Form 8-K filed 19 August 2026 states the company is registering the resale of certain shares of common stock that were issued as consideration in the acquisition of Columbia Capital, pursuant to a prospectus supplement being filed that same date.
8-K filed 2026-08-19The Form 8-K filed 19 August 2026 attaches a legal opinion of Venable LLP regarding certain Maryland law issues as Exhibit 5.1 and includes Venable LLP's consent as Exhibit 23.1.
8-K filed 2026-08-19Reads 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.
As of 2026-09-01, beta versus SPY is 0.78 and correlation with SPY is 0.37, indicating lower systematic sensitivity and weak linear co-movement versus the broad market on that date.
Moneyta signal set · 2026-09-01Momentum is mixed as of 2026-09-01: 3-month momentum is -1.5%, 6-month momentum is +4.3%, and the 12-1 momentum measure is +11.5%, with the 6-month momentum ranking at the 45th percentile of the 547-stock research universe.
Moneyta signal set · 2026-09-01weakened 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.
As of the timestamps in the data (early 2026-09-02 and 2026-09-01), DLR is a holding in multiple large ETFs including VO (0.71% weight of that fund), VTV (0.27%), VOO (0.11%), SCHB (0.10%), IVV (0.09%) and SCHX (0.09%).
ETF constituents · market dataThe latest reported 13F quarter shows a single institutional holder listed as Advisors Asset Management, Inc. with a reported value of $6.7M as of 2025-09-30.
13F holdings · 1 filers · as of 2025-09-30Reads 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.
An article reports that Digital Realty began construction of a 15 MW ZUR4 data center in Glattbrugg within a renewable-powered Swiss campus, and discusses the company's stock trading level and year-to-date performance.
News · simplywall.st · 2026-09-01Coverage asks whether AI can 'power its next REIT move', framing AI-driven demand as a theme for Digital Realty.
News · kalkinemedia.com · 2026-08-31Reads 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.
On 2026-08-27, Mark R. Patterson (Director) sold 200 shares for a reported value of "$39k".
Form 4 · Patterson Mark R (Director) · $39k sold · 2026-08-27The filings show $0 bought and 0 distinct buyers in the prior 180 days (net_shares -200, total sold "$39k").
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 share price used is 183.27 and market capitalization is 64,402,190,449.
Valuation inputs · SEC XBRL + stored EOD closeEnterprise value is 65,247,407,449 and the reported EV/EBITDA (TTM) multiple is 24.03 (EBITDA TTM = 2,715,474,000).
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 fundamentals together form a favorable operational snapshot: revenues (fundamentals-0), operating income and improved operating margin (fundamentals-1), and net income (fundamentals-2) all rose year-over-year for fiscal Q1 2026, indicating higher scale and incremental profitability over that period. Market and ownership signals complement those fundamentals: DLR exhibits relatively low systematic sensitivity to the broad market (market-0), mixed-to-positive medium/longer momentum (market-1), and a dividend yield ranking in the upper quartile of the research universe (market-3); the stock is also held across multiple large ETFs (ownership-0), which can support baseline demand. News items pointing to new construction in a renewable-powered Swiss campus and thematic linkage to AI-driven data center demand (news-0, news-1, news-2) align with reported top-line and margin expansion and help contextualize the firm-level revenue and income growth. In rebuttal to bear points: the rise in shares outstanding and declines in cash and higher liabilities (fundamentals-3, fundamentals-4, fundamentals-5) can be interpreted alongside acquisition-related filings (filings-0) and capital deployment for capacity expansion; and valuation metrics that look rich on headline multiples (valuation-1, valuation-2) are affected by REIT accounting where D&A materially increases EBITDA relative to operating income (valuation-4), so simple P/E or EV/EBITDA comparisons warrant caution.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.33
35 surviving claims rest on 16 distinct sources; the heaviest analyst carries 17% of them, and 99% of what the desk raised survived the debate.
The evidence set is moderately well‑sourced: 35 surviving claims draw on 16 distinct sources, so findings are not dependent on a single document, and the largest analyst contribution is under one‑fifth of the total, reducing single‑analyst dominance. However, nearly all proposed claims (99%) survived internal debate, which raises the possibility of group confirmation — the read is internally consistent but could be sensitive to a small number of unpublished or corrected filings.
Peer context · computed, not argued
12-1 momentum ranks 2nd of 5 in REIT—Specialty (as of 2026-09-01).
90-day volatility ranks 2nd of 5 in REIT—Specialty (as of 2026-09-01).
dividend yield ranks 3rd of 5 in REIT—Specialty (as of 2026-09-01).
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.
18 filings· 1 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+0.0 to the score
3 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 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+0.1 to the score
3 holdings records· 2 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
6 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 filing
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−0.3 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.
Get this for the tickers you actually hold
Plus the one thing no sample can show: how each name correlates with your portfolio, and what hides inside your funds.
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.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.