NYSE · Real Estate Investment Trusts
Quote as of Oct 9, 2:31 PM ET · delayed
Fairly Valued. Our fair value estimate is USD 155.30 against a price of USD 178.03, -13% implied downside. Reasoning and scenarios are in Digital Realty stock: financing headlines leave today’s drop unexplained.
Digital Realty stock is down 2.3% at $180.47, but the attached filings do not identify a new event behind the move. The operating thesis remains intact; valuation leaves little room for execution slippage.
StockLarge CapReal EstateNo earnings notes for this company yet.
Revenue (USD, billions)
Margins (%)
Free cash flow (USD, billions)
Estimated ROIC (%)
Net debt (USD, billions)
Monetary values are in USD; revenue, FCF and net debt are in billions; EPS is per share. Missing values appear as gaps and “Not available.” Source: SEC EDGAR XBRL filings, latest restated values; quarterly cash flow derived from year-to-date figures; Q4 = fiscal year minus nine months. ROIC is NOPAT (21% tax) over debt plus equity.
| Period | Revenue | Gross % | Op % | FCF | EPS | ROIC % | Net debt |
|---|---|---|---|---|---|---|---|
| FY2016 | 2.14 | Not available | 23.2 | Not available | 2.20 | Not available | Not available |
| FY2017 | 2.46 | Not available | 18.4 | Not available | 0.99 | Not available | Not available |
| FY2018 | 3.05 | Not available | 18.1 | Not available | 1.21 | Not available | Not available |
| FY2019 | 3.21 | Not available | 18.5 | Not available | 2.35 | Not available | Not available |
| FY2020 | 3.90 | Not available | 14.3 | Not available | 1.00 | Not available | Not available |
| FY2021 | 4.43 | Not available | 15.7 | Not available | 5.94 | 1.74 | 13.4 |
| FY2022 | 4.69 | Not available | 12.6 | Not available | 1.11 | 1.36 | 16.6 |
| FY2023 | 5.48 | Not available | 9.58 | Not available | 2.88 | 1.13 | 15.9 |
| FY2024 | 5.55 | Not available | 8.49 | Not available | 1.61 | Not available | Not available |
| FY2025 | 6.11 | Not available | 10.8 | Not available | 3.58 | Not available | Not available |
Current price
USD 178.03
Fair value estimate
USD 155.30
Implied upside
-12.8%
Bear
25%USD 131
Direct equity valuation: 2026 Core FFO excluding net promote multiplied by an assumed 16x multiple.
Leasing conversions or development falter and investors assign a lower multiple to the guided cash-earnings measure. The scenario is a stress case, not a forecast.
Base
50%USD 155
Direct equity valuation: 2026 Core FFO excluding net promote multiplied by an assumed 19x multiple.
Guidance is a reasonable operating anchor and lease commitments convert over time, but the market does not pay the recent premium for flawless execution.
Bull
25%USD 180
Direct equity valuation: 2026 Core FFO excluding net promote multiplied by an assumed 22x multiple.
Lease commencements, rent increases and development delivery sustain growth, and the market retains a premium multiple for the platform.
No news items logged for this company yet.