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STOCK COMPARISON

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 Sep 6, 2026.

As of Sep 6, 2026, Fair Value Calculator sees Realty Income as the less overvalued of the two: Digital Realty Trust trades at $188 versus a fair value of $60.12 (-68%), while Realty Income trades at $61.25 versus $30.45 (-50%).
Digital Realty Trust
DLR · USD · Real Estate
-68%
upside to fair value
overvalued
Price$188
Fair Value$60.12
Quality47/100
Realty Income
O · USD · Real Estate
-50%
upside to fair value
overvalued
Price$61.25
Fair Value$30.45
Quality48/100
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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)50.2×
10.80×P/S (TTM)9.47×
3.18×P/B1.42×
27.4×EV/EBITDA15.8×
14.03×PEG5.75×
−68.1%Fair value upside−50.3%
2.6%Dividend yield5.3%
$4.88Dividend per share$3.23
Profitability
26%Operating margin46%
0.76×EBIT margin trend (5Y)0.59×
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%
+9.9%Value creation/yr+4.2%
Balance & size
1.5×Interest coverage (EBIT/interest)1.4×
0.80×Debt / equity0.68×
$73BMarket cap$56B
expensiveGrowth qualityhealthy

Realty Income leads: 3 to 13 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 59 Realty Incomeof which business quality 49 · market factors 59
ProfitabilityMargins and returns on capital today
33
28
Quality GrowthAre margins and returns improving?
64
34
CashflowEarnings quality: real cash, not paper profit
72
100
Fin. StrengthBalance sheet, leverage, solvency risk
39
39
InvestmentDisciplined investing over empire-building
48
58
Low VolatilityCalm price path (market factor)
66
90
MomentumPrice trend over the last 3–12 months (market factor)
52
43
52W MomentumDistance to the 52-week high (market factor)
62
51
Net IssuanceBuybacks instead of dilution
22
24

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyDigital Realty TrustPrice $188Realty IncomePrice $61.25
DCF Models-35%below the price$122+31%above the price$80.52
Dividend Discount-56%below the price$82.19-10%close to the price$55.11
Multiples-68%below the price$60.12-68%below the price$19.30
Asset-Based-78%below the price$41.51-54%below the price$28.34
Growth DCF-57%below the price$81.84+58%above the price$96.75
Economic Profit-73%below the price$50.77-51%below the price$29.99
Minimum-78%below the price$41.51-68%below the price$19.30
Maximum-35%below the price$122+58%above the price$96.75
Median-62%below the price$70.98-31%below the price$42.55
Geometric mean-64%below the price$68.58-29%below the price$43.78

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Digital Realty Trust: 14 of 14 models see the stock below the current price.

Realty Income: 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 $44.98Fair Value $60.12Bull $75.15
$188 = current price (white tick)
Realty Income
Bear $29.33Fair Value $30.45Bull $30.45
$61.25 = 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-68% · bottom 25%

Realty Income · Real Estate

Quality score48 · below median
Fair value upside-50% · bottom 25%

Bottom line

As of Sep 6, 2026, Fair Value Calculator sees Realty Income as the less overvalued of the two: Digital Realty Trust trades at $188 versus a fair value of $60.12 (-68%), while Realty Income trades at $61.25 versus $30.45 (-50%).

Realty Income has the higher quality score (48/100).

See the full analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.