Digital Realty Trust Inc
DLR
Market Cap$42.68B
Close$
Earnings Call Q4 2023
February 15, 2024 - AI Summary
Digital Realty reported strong results for the fourth quarter of 2023, with robust leasing activity and record pricing in the greater than one megawatt category.
The company announced nearly $8 billion of new development joint ventures and completed over $1 billion of equity issuance under their ATM, reducing pro forma leverage below their year-end target.
Demand for data center capacity remains high, driven by the combination of cloud and AI. Digital Realty is well-positioned to meet this demand, particularly in markets such as Northern Virginia, Santa Clara, New Jersey, Paris, Frankfurt, Singapore, and Seoul.
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$143.10
3.3% upside
Current Fair Value
3.3% upsideUndervalued by 3.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $42.68 Billion |
|---|---|
| Enterprise Value | $58.48 Billion |
| Dividend Yield | $4.816 (3.52%) |
| Earnings per Share | $2.94 |
| Beta | 1.3 |
| Outstanding Shares | 312,293,563 |
| Avg 30 Day Volume | 1,596,297 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 47.0 |
|---|---|
| PEG | -12.09 |
| Price to Sales | 8.15 |
| Price to Book Ratio | 2.27 |
| Enterprise Value to Revenue | 10.68 |
| Enterprise Value to EBIT | 95.39 |
| Enterprise Value to Net Income | 64 |
| Total Debt to Enterprise | 0.3 |
| Debt to Equity | 0.91 |
Revenue Sources
No data
ESG Score
No data
About Digital Realty Trust Inc
2,878 employees
CEO: A. William Stein