Income Statement Digital Realty Trust, Inc.

Equities

DLR

US2538681030

Specialized REITs

Real-time Estimate Cboe BZX Other stock markets 10:32:42 2025-12-05 am EST			5-day change	1st Jan Change
163.58 ^USD	+1.59%		+1.57%	-8.29%

Dec. 04	Jefferies Adjusts Price Target on Digital Realty Trust to $206 From $205, Maintains Buy Rating	MT
Dec. 03	Digital Realty Trust to Redeem 2.5% Guaranteed Notes Due 2026	MT

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Published financial data: DIGITAL REALTY TRUST, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Rental Revenues	3.89B	4.4B	4.66B	5.43B	5.48B
Tenant Reimbursements	-	-	-	-	-
Property Management Fee	17.06M	32.84M	29.15M	46.89M	72.5M
Other Revenues, Total	-57.63M	-1.72M	-13.5M	-29.79M	-120M
Total Revenues	3.85B	4.43B	4.68B	5.45B	5.43B
Property Expenses	1.51B	1.78B	2.02B	2.6B	2.52B
Selling General & Admin Expenses, Total	427M	484M	501M	526M	554M
Depreciation & Amortization - (IS) - (Collected)	1.29B	1.4B	1.5B	1.62B	1.7B
Other Operating Expenses	1.08M	2.55M	12.44M	7.53M	27.08M
Total Operating Expenses	3.23B	3.67B	4.03B	4.75B	4.8B
Operating Income (REIT / Utility Template)	613M	758M	648M	698M	637M
Interest Expense, Total	-333M	-294M	-299M	-438M	-453M
Interest and Investment Income	19.64M	-	-	-	-
Net Interest Expenses	-313M	-294M	-299M	-438M	-453M
Other Non Operating Income (Expenses)	-	-4.36M	8.92M	68.43M	127M
EBT, Excl. Unusual Items	300M	460M	358M	328M	311M
Total Merger & Related Restructuring Charges	-107M	-47.43M	-68.77M	-84.72M	-93.9M
Gain (Loss) on Sale of Investments	577K	64M	-	-	27M
Gain (Loss) on Sale of Assets	317M	1.38B	177M	901M	596M
Asset Writedown	-6.48M	-18.29M	-3M	-118M	-191M
Other Unusual Items	-103M	-18.67M	-51.14M	-	-5.87M
EBT, Incl. Unusual Items	401M	1.82B	412M	1.03B	643M
Income Tax Expense	38.05M	72.8M	31.55M	75.58M	54.76M
Earnings From Continuing Operations	363M	1.75B	380M	950M	588M
Net Income to Company	363M	1.75B	380M	950M	588M
Minority Interest	-6.33M	-38.15M	-2.64M	-1.47M	14.16M
Net Income - (IS)	356M	1.71B	378M	949M	602M
Preferred Dividend and Other Adjustments	93.06M	27.76M	40.72M	40.72M	40.72M
Net Income to Common Incl Extra Items	263M	1.68B	337M	908M	562M
Net Income to Common Excl. Extra Items	263M	1.68B	337M	908M	562M
Per Share Items
Net EPS - Basic	1.01	5.95	1.18	3.04	1.74
Basic EPS - Continuing Operations	1.01	5.95	1.18	3.04	1.74
Basic Weighted Average Shares Outstanding	260M	282M	286M	299M	323M
Net EPS - Diluted	1	5.94	1.11	3	1.61
Diluted EPS - Continuing Operations	1	5.94	1.11	3	1.61
Diluted Weighted Average Shares Outstanding	263M	283M	298M	309M	332M
Normalized Basic EPS	0.7	0.88	0.77	0.68	0.65
Normalized Diluted EPS	0.69	0.88	0.74	0.66	0.63
Dividend Per Share	4.48	4.64	4.88	4.88	4.88
Payout Ratio	347.73	80.69	384.09	160.26	271.08
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	1.92B	2.25B	2.22B	2.39B	2.41B
EBITA	906M	1.03B	899M	943M	882M
EBIT	613M	758M	648M	698M	637M
EBITDAR	2.12B	2.48B	2.45B	2.62B	2.64B
Total Revenues (As Reported)	3.9B	4.43B	4.69B	5.48B	5.55B
Effective Tax Rate - (Ratio)	9.49	4	7.66	7.37	8.52
Normalized Net Income	181M	249M	221M	204M	209M
Interest Capitalized	47.3M	53.5M	70.8M	117M	119M
Interest on Long-Term Debt	54.36M	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	351M	401M	422M	449M	480M
Net Rental Expense, Total	205M	227M	223M	230M	228M
Imputed Operating Lease Interest Expense	48.07M	42.15M	40M	54.25M	55.51M
Imputed Operating Lease Depreciation	157M	185M	183M	176M	172M
Stock-Based Comp., Other (Total)	74.58M	84.08M	92.46M	80.53M	75.61M
Total Stock-Based Compensation	74.58M	84.08M	92.46M	80.53M	75.61M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	27.45B	28.24B	32.28B	33.36B	33.9B
Accumulated Depreciation	-5.7B	-6.21B	-7.27B	-7.82B	-8.64B
Net Property Plant And Equipment	21.74B	22.03B	25.01B	25.53B	25.26B
Land Held For Development Or Sale	227M	134M	118M	118M	38.78M
Total Real Estate Assets	21.97B	22.17B	25.13B	25.65B	25.3B
Cash And Equivalents	109M	143M	142M	1.63B	3.87B
Accounts Receivable, Total	1.13B	1.22B	1.57B	1.58B	1.55B
Other Receivables	-	-	-	326M	351M
Goodwill	8.33B	7.94B	9.21B	9.24B	8.93B
Other Intangibles, Total	2.89B	2.51B	2.85B	2.28B	1.97B
Restricted Cash	15.15M	8.79M	8.92M	10.98M	-
Other Current Assets, Total	-	-	-	479M	-
Trading Asset Securities, Total	-	-	-	8.54M	39.01M
Deferred Charges Long-Term	272M	249M	257M	221M	208M
Other Long-Term Assets, Total	1.35B	2.14B	2.33B	2.69B	3.06B
Total Assets	36.08B	36.37B	41.48B	44.11B	45.28B
Liabilities
Current Portion of Long-Term Debt	9K	-	-	1.14B	1.26B
Current Portion of Leases	150M	171M	190M	186M	231M
Long-Term Debt	13.31B	13.45B	16.6B	16.44B	15.54B
Long-Term Leases	1.55B	1.56B	1.28B	1.67B	1.38B
Accounts Payable, Total	1.05B	1.33B	1.87B	1.7B	1.65B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	827M	675M	733M	829M	958M
Deferred Tax Liability Non-Current	698M	666M	1.19B	1.15B	1.08B
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	17.59B	17.85B	21.86B	23.12B	22.11B
Preferred Stock Convertible	951M	732M	732M	732M	732M
Total Preferred Equity	951M	732M	732M	732M	732M
Common Stock, Total	2.79M	2.82M	2.89M	3.09M	3.34M
Additional Paid In Capital	20.63B	21.08B	22.14B	24.4B	28.08B
Distributions In Excess Of Earnings	-4B	-3.63B	-4.7B	-5.26B	-6.29B
Comprehensive Income and Other	135M	-174M	-596M	-751M	-1.18B
Total Common Equity	16.77B	17.27B	16.85B	18.39B	20.61B
Minority Interest	771M	519M	2.04B	1.88B	1.84B
Total Equity	18.49B	18.52B	19.62B	21B	23.18B
Total Liabilities And Equity	36.08B	36.37B	41.48B	44.11B	45.28B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	281M	284M	291M	312M	337M
ECS Total Common Shares Outstanding	280M	284M	291M	312M	337M
Book Value / Share	59.82	60.73	57.88	59	61.22
Tangible Book Value	5.54B	6.83B	4.8B	6.86B	9.71B
Tangible Book Value Per Share	19.77	24.01	16.48	22.03	28.83
Total Debt	15.01B	15.18B	18.07B	19.44B	18.41B
Net Debt	14.9B	15.04B	17.93B	17.81B	14.5B
Debt Equivalent Oper. Leases	1.64B	1.82B	1.79B	1.84B	1.82B
Minority Interest, Total (Incl. Fin. Div)	771M	519M	2.04B	1.88B	1.84B
Equity Method Investments, Total	1.15B	1.81B	1.99B	2.3B	2.64B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	1.11B	1.02B	1.06B	1.09B	1.11B
Buildings, Total	21.14B	21.91B	24.29B	25B	25.57B
Full Time Employees	2.88K	3.03K	3.41K	3.66K	3.94K
Accumulated Allowance for Doubtful Accounts (Supple)	18.8M	37.44M	43.9M	73.79M	61.33M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	356M	1.71B	378M	949M	602M
Depreciation, Depletion & Amortization	1.01B	1.22B	1.32B	1.44B	1.53B
Amortization of Goodwill and Intangible Assets - (CF)	293M	269M	250M	246M	246M
Total Depreciation, Depletion & Amortization	1.3B	1.49B	1.58B	1.69B	1.78B
Amortization of Deferred Charges, Total	95.2M	18.69M	18.85M	26.83M	28.67M
(Gain) Loss On Sale of Asset - (CF)	-317M	-1.38B	-177M	-901M	-596M
(Gain) Loss on Sale of Investments - (CF)	-18.46M	-64M	-	-	-
Total Asset Writedown	6.48M	-	-	118M	191M
(Income) Loss On Equity Investments - (CF)	97.51M	67.95M	55.87M	103M	198M
Stock-Based Compensation (CF)	74.58M	84.08M	92.46M	80.53M	75.61M
Provision and Write-off of Bad Debts	6.48M	-	-	-	-
Change in Accounts Receivable	-28M	-426M	-272M	-155M	-342M
Change in Accounts Payable	72.28M	116M	42.11M	-224M	367M
Change In Deferred Taxes	10.54M	-	-	-	-
Change in Other Net Operating Assets (Collected)	-63.24M	-	-	-	-
Other Operating Activities	111M	84.17M	-53.42M	-51.17M	-40.72M
Cash from Operations	1.71B	1.7B	1.66B	1.63B	2.26B
Acquisition of Real Estate Assets, Total	-2.27B	-2.52B	-2.64B	-3.53B	-2.83B
Sale of Real Estate Assets, Total	565M	1.69B	272M	2.62B	1.76B
Net Sale / Acquisition of Real Estate Assets	-1.7B	-830M	-2.37B	-906M	-1.07B
Cash Acquisitions	-909M	-192M	-1.93B	-52.3M	-508M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-74.3M	2.66M	-296M	-94.47M	-216M
Other Investing Activities, Total	84.48M	-42.67M	-102M	-62.52M	-115M
Cash from Investing	-2.6B	-1.06B	-4.7B	-1.12B	-1.91B
Long-Term Debt Issued, Total	7.21B	1.82B	4.48B	3.74B	3.87B
Total Debt Issued	7.21B	1.82B	4.48B	3.74B	3.87B
Long-Term Debt Repaid, Total	-6.41B	-1.08B	-1.04B	-3.41B	-3.83B
Total Debt Repaid	-6.41B	-1.08B	-1.04B	-3.41B	-3.83B
Issuance of Common Stock	1.89B	172M	928M	2.21B	3.65B
Repurchase of Common Stock	-	-	-	-	-
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-500M	-201M	-	-	-
Common Dividends Paid	-1.16B	-	-	-	-
Preferred Dividends Paid	-76.54M	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-1.38B	-1.45B	-1.52B	-1.63B
Common & Preferred Stock Dividends Paid	-1.24B	-1.38B	-1.45B	-1.52B	-1.63B
Other Financing Activities, Total	-17.76M	73.86M	46.72M	-57.49M	8.61M
Cash from Financing	936M	-591M	2.97B	963M	2.06B
Foreign Exchange Rate Adjustments	-16.48M	-22.04M	70.08M	2.63M	-179M
Net Change in Cash	26.4M	27.83M	-789K	1.49B	2.24B
Supplemental Items
Cash Interest Paid	302M	275M	272M	391M	438M
Cash Income Tax Paid (Refund)	20.06M	29.9M	41.7M	88.8M	71.2M
Net Debt Issued / Repaid	806M	744M	3.44B	334M	37.3M
Levered Free Cash Flow	2.13B	1.69B	1.94B	1.18B	2.24B
Unlevered Free Cash Flow	2.31B	1.86B	2.1B	1.43B	2.5B
Change In Net Working Capital	-478M	195M	-31.41M	780M	-249M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.3	1.31	1.04	1.02	0.89
Return on Total Capital	1.39	1.41	1.14	1.11	0.97
Return On Equity %	2.49	9.44	1.99	4.68	2.66
Return on Common Equity	2.09	9.88	1.97	5.15	2.88
Margin Analysis
Gross Profit Margin %	60.63	59.82	56.87	52.3	53.65
SG&A Margin	11.11	10.94	10.72	9.65	10.2
EBITDA Margin %	49.82	50.85	47.52	43.8	44.41
EBITA Margin %	23.55	23.2	19.21	17.32	16.24
EBIT Margin %	15.94	17.13	13.86	12.81	11.72
Income From Continuing Operations Margin %	9.43	39.48	8.13	17.45	10.83
Net Income Margin %	9.27	38.62	8.07	17.42	11.09
Net Avail. For Common Margin %	6.85	37.99	7.2	16.67	10.34
Normalized Net Income Margin	4.71	5.63	4.73	3.74	3.84
Levered Free Cash Flow Margin	55.28	38.21	41.38	21.64	41.3
Unlevered Free Cash Flow Margin	60.19	41.93	44.97	26.17	45.98
Asset Turnover
Asset Turnover	0.13	0.12	0.12	0.13	0.12
Fixed Assets Turnover	0.21	0.2	0.2	0.22	0.21
Receivables Turnover (Average Receivables)	4.08	3.77	3.36	3.74	3.56
Short Term Liquidity
Current Ratio	0.62	0.63	0.62	1.05	1.42
Quick Ratio	0.61	0.63	0.61	0.92	1.42
Operating Cash Flow to Current Liabilities	0.84	0.78	0.59	0.42	0.55
Days Sales Outstanding (Average Receivables)	89.8	96.87	108.52	97.52	102.94
Average Days Payable Outstanding	209.75	281.44	308.68	242.84	266.05
Long Term Solvency
Total Debt/Equity	81.18	81.94	92.08	92.59	79.46
Total Debt / Total Capital	44.81	45.04	47.94	48.08	44.28
LT Debt/Equity	80.37	81.02	91.11	86.28	73.02
Long-Term Debt / Total Capital	44.36	44.53	47.43	44.8	40.69
Total Liabilities / Total Assets	48.75	49.07	52.7	52.4	48.82
EBIT / Interest Expense	1.84	2.58	2.17	1.59	1.41
EBITDA / Interest Expense	6.37	8.43	8.18	5.98	5.83
(EBITDA - Capex) / Interest Expense	6.37	8.43	8.18	5.98	5.83
Total Debt / EBITDA	7.07	6.13	7.39	7.43	6.97
Net Debt / EBITDA	7.02	6.07	7.33	6.81	5.49
Total Debt / (EBITDA - Capex)	7.07	6.13	7.39	7.43	6.97
Net Debt / (EBITDA - Capex)	7.02	6.07	7.33	6.81	5.49
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	19.54	15.09	5.7	16.44	-0.23
Gross Profit, 1 Yr. Growth %	15.18	13.55	0.49	7.08	2.33
EBITDA, 1 Yr. Growth %	10.05	12.98	-1.11	7.32	0.61
EBITA, 1 Yr. Growth %	-2.8	15.14	-12.29	4.96	-7.72
EBIT, 1 Yr. Growth %	-3.54	23.65	-14.48	7.64	-8.73
Earnings From Cont. Operations, 1 Yr. Growth %	-39.47	381.74	-78.24	149.87	-38.09
Net Income, 1 Yr. Growth %	-38.53	379.59	-77.9	151.23	-36.5
Diluted EPS Before Extra, 1 Yr. Growth %	-57.45	494	-81.23	168.82	-44
Normalized Net Income, 1 Yr. Growth %	6.89	37.45	-11.28	-7.83	2.39
Net Property, Plant and Equip., 1 Yr. Growth %	47.79	1.34	13.5	2.1	-1.06
Accounts Receivable, 1 Yr. Growth %	44.25	7.76	28.86	16.7	-1.74
Total Assets, 1 Yr. Growth %	56.39	0.81	14.07	6.34	2.65
Common Equity, 1 Yr. Growth %	98.54	3.02	-2.44	9.1	12.09
Tangible Book Value, 1 Yr. Growth %	78.57	23.2	-29.74	43.07	41.41
Cash From Operations, 1 Yr. Growth %	12.73	-0.25	-2.52	-1.48	38.34
Levered Free Cash Flow, 1 Yr. Growth %	93.13	-28.33	1.51	-35.5	47.91
Unlevered Free Cash Flow, 1 Yr. Growth %	77.27	-27.17	1.54	-28.56	41.64
Dividend Per Share, 1 Yr. Growth %	3.7	3.57	5.17	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.75	17.29	10.29	10.14	7.78
Gross Profit, 2 Yr. CAGR %	8.48	14.36	6.82	2.5	4.68
EBITDA, 2 Yr. CAGR %	4.09	11.31	5.7	1.58	4.06
EBITA, 2 Yr. CAGR %	-4.76	5.42	0.5	-6.91	-1.23
EBIT, 2 Yr. CAGR %	-1.21	9.21	2.83	-7.87	-0.89
Earnings From Cont. Operations, 2 Yr. CAGR %	3.12	70.77	2.4	-26.25	24.37
Net Income, 2 Yr. CAGR %	3.73	71.7	2.94	-25.49	26.3
Diluted EPS Before Extra, 2 Yr. CAGR %	-9.09	58.99	5.58	-28.97	20.28
Normalized Net Income, 2 Yr. CAGR %	-0.53	12.09	10.43	-16.06	-2.86
Net Property, Plant and Equip., 2 Yr. CAGR %	21.45	22.38	7.24	7.65	0.51
Accounts Receivable, 2 Yr. CAGR %	21.78	24.68	17.84	13.71	7.08
Total Assets, 2 Yr. CAGR %	23.2	25.56	7.23	10.13	4.48
Common Equity, 2 Yr. CAGR %	39.56	43.02	0.25	3.17	10.59
Tangible Book Value, 2 Yr. CAGR %	104.96	48.32	-6.96	0.26	42.24
Cash From Operations, 2 Yr. CAGR %	10.99	6.04	-1.39	-2	16.74
Levered Free Cash Flow, 2 Yr. CAGR %	18.34	26.96	-9.37	-22.2	10.67
Unlevered Free Cash Flow, 2 Yr. CAGR %	16.55	21.65	-9.09	-17.85	11.76
Dividend Per Share, 2 Yr. CAGR %	5.3	3.64	4.37	2.55	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.7	12.85	13.29	12.3	6.57
Gross Profit, 3 Yr. CAGR %	13.64	10.15	9.54	6.91	2.45
EBITDA, 3 Yr. CAGR %	11.67	8.37	6.97	6.24	1.44
EBITA, 3 Yr. CAGR %	5.06	0.95	-0.93	1.97	-6.76
EBIT, 3 Yr. CAGR %	1.76	6.47	0.66	4.41	-8.16
Earnings From Cont. Operations, 3 Yr. CAGR %	12.28	72.38	-14.06	37.86	-30.43
Net Income, 3 Yr. CAGR %	12.81	72.8	-13.31	38.6	-29.36
Diluted EPS Before Extra, 3 Yr. CAGR %	0.34	69.95	-22.01	44.17	-35.25
Normalized Net Income, 3 Yr. CAGR %	-2.67	10.87	3.69	3.97	-10.31
Net Property, Plant and Equip., 3 Yr. CAGR %	16.71	14.34	19.34	5.5	4.66
Accounts Receivable, 3 Yr. CAGR %	17	16.91	26.06	11.69	8.3
Total Assets, 3 Yr. CAGR %	19.01	15.24	21.61	6.93	7.58
Common Equity, 3 Yr. CAGR %	22.6	26.13	25.9	3.12	6.06
Tangible Book Value, 3 Yr. CAGR %	24.7	72.98	15.62	7.39	12.44
Cash From Operations, 3 Yr. CAGR %	18.59	7.11	3.11	-1.42	9.93
Levered Free Cash Flow, 3 Yr. CAGR %	22.04	3.66	22.66	-20.63	4.86
Unlevered Free Cash Flow, 3 Yr. CAGR %	20.66	2.89	18.82	-17.58	5.77
Dividend Per Share, 3 Yr. CAGR %	6.39	4.72	4.15	2.89	1.7
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.67	15.44	13.5	12.08	11.06
Gross Profit, 5 Yr. CAGR %	15.82	13.65	10.86	7.53	7.57
EBITDA, 5 Yr. CAGR %	16.59	13.75	10.07	6.17	5.85
EBITA, 5 Yr. CAGR %	16.34	9.14	2.85	-1.13	-0.92
EBIT, 5 Yr. CAGR %	10.44	6.98	2.18	2.13	0.04
Earnings From Cont. Operations, 5 Yr. CAGR %	3.76	32.26	8.22	22.74	-0.37
Net Income, 5 Yr. CAGR %	3.74	32.02	8.75	23.43	0.77
Diluted EPS Before Extra, 5 Yr. CAGR %	-8.51	21.98	2.4	19.89	-7.25
Normalized Net Income, 5 Yr. CAGR %	12.39	6.51	2.41	2.19	1.02
Net Property, Plant and Equip., 5 Yr. CAGR %	20.2	19.91	12.83	11.61	11.42
Accounts Receivable, 5 Yr. CAGR %	14.27	14.62	17.33	15.62	14.58
Total Assets, 5 Yr. CAGR %	25.88	24.43	14.15	13.17	14.44
Common Equity, 5 Yr. CAGR %	39.18	33.44	13.12	16.39	19.53
Tangible Book Value, 5 Yr. CAGR %	26.8	27.34	10.92	39.07	25.61
Cash From Operations, 5 Yr. CAGR %	16.45	13.31	10.15	3.37	8.36
Levered Free Cash Flow, 5 Yr. CAGR %	25.66	6.08	10.6	-4.94	16.43
Unlevered Free Cash Flow, 5 Yr. CAGR %	23.87	5.89	9.81	-3.51	14.79
Dividend Per Share, 5 Yr. CAGR %	5.67	5.68	5.58	3.85	2.47