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Digital Realty Trust, Inc. (DLR) logo

Digital Realty Trust, Inc.

S&P 500
DLR|Real Estate|REIT - Specialty|$195.31|P/E 51.6|MCap 69.9B|NYSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

62/ 100Safe

DLR's dividend appears safe and well-supported. Strengths include a 76.6 debt-to-equity & 17.2% operating margin. Areas of concern: 129.4% earnings payout ratio & 5.7% return on equity. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.

Based on 15 of 15 metrics

Strengths

  • Debt-to-Equity: 76.6Conservative debt level relative to equity.
  • Gross Margin: 57.3%High gross margin signals strong pricing power.
  • Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.

Risks

  • Earnings Payout Ratio: 129.4%High earnings payout ratio leaves little safety margin.
  • Return on Equity: 5.7%Return on equity is below industry norms.
  • Profit Margin Stability: VolatileProfit margins have been volatile.

Payout & Coverage

Caution
Earnings Payout Ratio
129.4%Warning
FCF Payout Ratio
71.7%Caution
CFO Payout Ratio
54.4%Caution
Interest Coverage
4.1xCaution

Balance Sheet

Safe
Net Debt / Total Assets
32.8%Caution
Current Ratio
1.2xCaution
Debt-to-Equity
76.6Very Safe

Profitability

Caution
Return on Equity
5.7%Warning
Operating Margin
17.2%Safe
Gross Margin
57.3%Very Safe
Profit Margin Stability
VolatileWarning

Dividend Track Record

Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
1.7%Warning
Earnings Stability
GrowingVery Safe

About Digital Realty Trust, Inc.

Digital Realty Trust is a real estate investment trust that owns, operates, and invests in carrier-neutral data centers across the globe. The company provides colocation, interconnection, and data center services to enterprises, service providers, and technology companies. With a portfolio of more than 300 facilities spanning 30+ countries and 55+ metro areas across six continents, Digital Realty offers flexible infrastructure solutions ranging from single-cabinet rentals to full-building leases for hyperscale operations. The company serves as a critical infrastructure platform where customers can deploy cloud computing, artificial intelligence, and complex digital workflows with high reliability. Digital Realty operates PlatformDIGITAL®, its proprietary platform designed to deliver scalable colocation and secure interconnection services. Founded in 2004 and headquartered in Dallas, Texas, the company has established itself as a leading global data center platform supporting digital transformation and innovation across multiple industries.

Dividend Overview

Dividend Yield

2.50%

Annual Dividend

$4.88

Frequency

Quarterly

Payout Ratio

129.44%

FCF Payout Ratio

71.66%

Stock Price

$195.31

52-Week Range

$146.23 $208.14

Dividend History (2016–2025)

DLR annual dividend per share and yield history

Earnings & Profitability

DLR earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

March 13, 2026

Last Payment Date

March 31, 2026

Dividend Growth

3-Year Dividend CAGR

0.00%

5-Year Dividend CAGR

1.73%

10-Year Dividend CAGR

3.68%

3-Year Total Growth

0.00%

5-Year Total Growth

8.93%

10-Year Total Growth

43.53%

Income Calculator

DLR Dividend Calculator

Total Investment

$19,531.00

Annual Income

$488.00

Quarterly Income

$122.00

Monthly Income

$40.67

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Frequently Asked Questions

What is DLR's current dividend yield?
Digital Realty Trust, Inc. (DLR) currently has a dividend yield of 2.50%, based on a stock price of $195.31 and an annual dividend of $4.88.
When is DLR's next dividend payment date?
DLR's next ex-dividend date is 2026-03-13 and the next payment date is 2026-03-31. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does DLR pay in dividends per year?
Digital Realty Trust, Inc. paid $4.88 per share in annual dividends in 2025. The dividends are paid quarterly.
Has DLR been increasing its dividend?
Digital Realty Trust, Inc. has grown its dividend at a 5-year CAGR of 1.73% and a 10-year CAGR of 3.68%.
Is DLR's dividend safe?
Digital Realty Trust, Inc. has a payout ratio of 129.44%. Its free cash flow payout ratio is 71.66%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.
How is DLR's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Digital Realty Trust, Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.