Digital Realty Trust vs Realty Income: Fair Value & Quality
Both stocks run through our valuation models. Here is how Digital Realty Trust (DLR) and Realty Income (O) compare, as of Aug 16, 2026.
As of Aug 16, 2026, Fair Value Calculator sees Realty Income as the less overvalued of the two: Digital Realty Trust trades at $200 versus a fair value of $60.12 (-70%), while Realty Income trades at $62.74 versus $30.45 (-51%).
Digital Realty Trust
DLR · USD · Real Estate
-70%
upside to fair value
overvalued
Price$200
Fair Value$60.12
Quality47/100
Realty Income
O · USD · Real Estate
-51%
upside to fair value
overvalued
Price$62.74
Fair Value$30.45
Quality48/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Digital Realty TrustRealty Income
Valuation
245.3×P/E (TTM)51.4×
10.80×P/S (TTM)9.47×
3.18×P/B1.42×
27.4×EV/EBITDA15.8×
14.03×PEG5.75×
2.5%Dividend yield5.3%
$4.88Dividend per share$3.23
Profitability
12%Net margin19%
26%Operating margin46%
3%Return on equity3%
1%Return on assets2%
Growth
30%Revenue growth (YoY)12%
9.2%Avg. growth/yr (3Y)19.8%
9.4%Avg. growth/yr (5Y)28.4%
Balance & size
0.80×Debt / equity0.68×
$73BMarket cap$56B
expensiveGrowth qualityhealthy
Realty Income leads: 2 to 12 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Digital Realty Trustof which business quality 47 · market factors 61Realty Incomeof which business quality 49 · market factors 62
ProfitabilityMargins and returns on capital today
33
28
Quality GrowthAre margins and returns improving?
64
34
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
48
58
Low VolatilityCalm price path (market factor)
66
89
MomentumPrice trend over the last 3–12 months (market factor)
50
47
52W MomentumDistance to the 52-week high (market factor)
73
58
Net IssuanceBuybacks instead of dilution
22
24
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Digital Realty Trust
DCF Models$122
Dividend Discount$82.19
Multiples$60.12
Asset-Based$41.51
Growth DCF$81.84
Economic Profit$50.77
14 of 14 models see the stock below the current price.
Realty Income
DCF Models$80.52
Dividend Discount$55.11
Multiples$19.30
Asset-Based$28.34
Growth DCF$96.75
Economic Profit$29.99
10 of 14 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Digital Realty Trust
Bear $45.09Fair Value $60.12Bull $75.15
$200 = current price (white tick)
Realty Income
Bear $29.33Fair Value $30.45Bull $30.45
$62.74 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Digital Realty Trust · Real Estate
Quality score47 · below median
Fair value upside-70% · bottom 25%
Realty Income · Real Estate
Quality score48 · below median
Fair value upside-51% · bottom 25%
Bottom line
As of Aug 16, 2026, Fair Value Calculator sees Realty Income as the less overvalued of the two: Digital Realty Trust trades at $200 versus a fair value of $60.12 (-70%), while Realty Income trades at $62.74 versus $30.45 (-51%).
Realty Income has the higher quality score (48/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
