On 12 Nov 2026 our base value for Digital Realty is $143.27 a share, 21.9% below its $183.47 close; 0 of 1 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | — | — | not used for REITs: depreciation of property makes earnings and free cash flow understate what a REIT earns; see price to FFO |
| Exit multiple (P/E) | — | — | not used for REITs: depreciation of property makes earnings and free cash flow understate what a REIT earns; see price to FFO |
| Sum of the parts | — | — | not used for REITs: REITs are valued on funds from operations; see price to FFO |
| Price to sales | — | — | not used for REITs: REITs are valued on funds from operations; see price to FFO |
| Tangible book | — | — | not used for REITs: REITs are valued on funds from operations; see price to FFO |
| Price to FFO (REITs) | $143.27 | -21.9% | funds from operations $9.11 a share (FY2025) at its own 5-year median of 15.7× (today 20.1×) |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
| Fiscal year | Net income | Depreciation | FFO | Shares | FFO per share | Year-end close | P/FFO |
|---|---|---|---|---|---|---|---|
| 2021 | $1.75bn | $1.49bn | $3.23bn | 283.22m | $11.42 | $176.87 | 15.5× |
| 2022 | $380.32m | $1.58bn | $1.96bn | 297.92m | $6.57 | $100.27 | 15.3× |
| 2023 | $950.31m | $1.69bn | $2.65bn | 309.06m | $8.56 | $134.58 | 15.7× |
| 2024 | $602.49m | $1.77bn | $2.37bn | 331.55m | $7.16 | $177.33 | 24.8× |
| 2025 | $1.31bn | $1.89bn | $3.20bn | 351.57m | $9.11 | $154.71 | 17.0× |
| Median P/FFO | 15.7× |
| Latest FFO per share (FY2025) | $9.11 |
| Value per share = median × latest FFO per share | $143.27 |
For a REIT the base value is the price-to-FFO value: $143.27 a share.
Bear $141.13 · Base $143.27 · Bull $154.71 (the REIT's own lower and upper quartile price-to-FFO)
One-year price simulation: a 57% chance the price is higher than today's $183.47 in a year, from 29.57% volatility. The simulation assumes the price drifts up at our discount rate of 9.45% a year.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $178.55 | $143.27 |
| 9 Oct 2026 | $178.76 | $143.27 |
| 16 Oct 2026 | $175.97 | $143.27 |
| 23 Oct 2026 | $172.37 | $143.27 |
| 30 Oct 2026 | $180.70 | $143.27 |
| 6 Nov 2026 | $174.20 | $143.27 |
| 12 Nov 2026 | $183.47 | $143.27 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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