Digital Realty Trust is rated 'hold' due to its premium valuation, with common shares yielding a forward AFFO of only ~3.97%. DLR's preferred stocks offer attractive current yields above 6.6% and investment-grade credit ratings, trading below par and outperforming peers on yield. DLR maintains a robust capital structure: 93% fixed-rate debt, a net debt/EBITDA of 4.9x, and fixed cost coverage of 6.5x.
Digital Realty Trust is rated Buy, leveraging scarce powered-campus assets and a global, interconnected platform to capture AI-driven data center demand. DLR's record $1.6B contracted rent backlog, robust preleasing, and diversified product mix support 11% core FFO-per-share growth guidance for 2026. DLR's development pipeline, power procurement, and private capital partnerships underpin forward growth, with fair value estimated at $205 per share.
Digital Realty tops Q2 estimates as a record backlog, strong bookings and higher renewal rents drive growth, prompting a higher 2026 core FFO outlook.
Digital Realty Trust, Inc. (DLR) Q2 2026 Earnings Call Transcript
Digital Realty Trust NYSE: DLR raised its 2026 earnings outlook after reporting a second quarter marked by record leasing in smaller deployments and interconnection, unusually strong renewal pricing and a sharply larger backlog.
While the top- and bottom-line numbers for Digital Realty Trust (DLR) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Digital Realty Trust (DLR) came out with quarterly funds from operations (FFO) of $2.13 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to FFO of $1.87 per share a year ago.
Get a deeper insight into the potential performance of Digital Realty Trust (DLR) for the quarter ended June 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
DLR heads into Q2 results with expected revenue and FFO growth as AI-driven demand, strong leasing and a record backlog support data center momentum.
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