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DLR

Digital Realty Trust Inc

NYSE: DLR · REAL ESTATE · REIT - SPECIALTY

$194.56
-0.01% today

Updated 2026-04-29

Market cap
$69.78B
P/E ratio
52.91
P/S ratio
11.05x
EPS (TTM)
$3.78
Dividend yield
2.44%
52W range
$145 – $208
Volume
2.0M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Digital Realty Trust Inc (DLR) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$194.56
Consensus
$196.35
+0.92%
2030 Target
$345.21
+77.43%
DCF
$132.50
-31.75% MoS
21 analysts:
15 Buy5 Hold1 Sell

Management guidance

Digital Realty has not provided explicit revenue guidance beyond FY2026. However, the company closed a $3.25B hyperscale data center fund in Q1 2026 and is aggressively expanding globally (Milan, Portugal, Bulgaria, Singapore, Japan, London). Management is positioning for sustained double-digit revenue growth driven by AI infrastructure demand, with strong booking growth reported in Q4 2025 results.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$581.41
$10.2B Rev × 20x P/S
Base case (2030)
$345.21
$10.2B Rev × 12x P/S
Bear case (2030)
$236.20
$10.2B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$5.5B$5.6B$6.1B$6.8B$7.5B$8.3B$9.2B$10.2B
Revenue growth—1.4%10.0%11.0%10.6%11.0%10.7%10.6%
EPS$0.72$1.40$1.16$2.02$2.43$2.85$3.30$3.78
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$236.20$254.37$290.70$308.87$345.21

Catalysts & risks

Growth catalysts
+ AI infrastructure buildout by hyperscalers (Meta, Microsoft, Google, NVIDIA) driving colocation and interconnection demand
+ $3.25B hyperscale data center fund deployment across US and Europe expanding revenue without balance sheet strain
+ Global expansion into high-growth markets (Milan, Portugal, Bulgaria, SE Asia) capturing emerging AI hub demand
+ Strong lease backlog conversion and high-margin operating leverage as new facilities reach scale
+ Third-party capital strategy (20% ownership, 80% fund) generating recurring management fees while preserving shareholder upside
Key risks
- High valuation (P/E 50.8x, Forward P/E 83.94x) leaves limited margin for error; fair value estimates range from $110-$260 depending on model
- Rising interest rates and financing costs impact development pipeline economics and REIT funding costs
- Competitive capacity additions from EQIX, AMT, CCI could pressure pricing and utilization rates
- Macro recession risk reduces enterprise capex and cloud infrastructure spending from existing and new customers
- Capital intensity of hyperscale development requires sustained institutional investor appetite for third-party funds

Methodology

Digital Realty Trust Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.