NYSE: DLR · Specialty REITs
Digital Realty Trust (DLR) fair value: undervalued or overvalued?
As of 3 Oct 2026, Faircurve's model values Digital Realty Trust (DLR) at $103.84 a share. The stock last closed at $178.55, which puts the model's fair value 41.8% below the price. On the model's bands that reads as Overvalued.
Revalued . Price is the close of 2 Oct 2026. Digital Realty Trust, Inc.
Faircurve Insights · 3 Oct 2026
Digital Realty Trust, Inc. owns, acquires, develops, and operates data centres through its operating partnership subsidiary, Digital Realty Trust, L.P. It is in the Real Estate, Specialty REITs sector.
Faircurve's model valued Digital Realty Trust, Inc. at $103.84 a share on 3 Oct 2026. This fair value moved -1.6% since the previous run on 26 Sep 2026, which gave $105.57. The calibrated range over 63 trading days was $163.48 to $206.63, and ranges built this way held the price 60% of the time at this horizon. The evidence grade for the model's fair value was High, which for real estate investment trusts looks at the dividend record.
The model compares Digital Realty Trust, Inc. with American Tower Corporation (AMT), Equinix, Inc. (EQIX), Iron Mountain Incorporated (IRM), Crown Castle Inc. (CCI), SBA Communications Corporation (SBAC), Lamar Advertising Company (LAMR), and Weyerhaeuser Company (WY). It has no verdict on Gaming and Leisure Properties, Inc. (GLPI). The stock's moves around its last 8 earnings reports ranged from -0.7% to +11.6%, with a median size of 3.4% ignoring direction.
Written from the figures on this page for the 3 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give DLR?
The calibrated range for DLR over 63 trading days is $163.48 to $206.63. It sits around the last close, and its width comes from the volatility that DLR's own options imply (33% a year), calibrated weekly against realised prices (n = 3,562 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own range is $96.39 to $112.13.
How does DLR compare with similar companies?
The companies in specialty reits closest to Digital Realty Trust in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| AMT American Tower Corporation | $162.20 | $195.99 | +20.8% | Undervalued |
| EQIX Equinix, Inc. | $1,025.72 | $574.66 | -44.0% | Overvalued |
| IRM Iron Mountain Incorporated | $113.39 | $58.39 | -48.5% | Overvalued |
| CCI Crown Castle Inc. | $66.44 | $56.62 | -14.8% | Overvalued |
| SBAC SBA Communications Corporation | $158.49 | $192.73 | +21.6% | Undervalued |
| LAMR Lamar Advertising Company | $144.12 | $104.41 | -27.6% | Overvalued |
| WY Weyerhaeuser Company | $18.47 | $15.02 | -18.7% | Overvalued |
| GLPI Gaming and Leisure Properties, Inc. | $37.68 | $61.82 | +64.1% | Gap wider than 60% |
When does DLR report earnings, and how has the stock reacted?
Digital Realty Trust's next earnings report is scheduled for 22 Oct 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 4.4% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction. DLR's 30 day implied volatility works out to about 9.6% over one month.
How DLR moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 3.4%.
| Report date | Two session move |
|---|---|
| 23 Jul 2026 | +11.6% |
| 23 Apr 2026 | -0.4% |
| 5 Feb 2026 | +2.9% |
| 23 Oct 2025 | +4.0% |
| 24 Jul 2025 | -0.7% |
| 24 Apr 2025 | +5.5% |
| 13 Feb 2025 | +0.6% |
| 24 Oct 2024 | +9.2% |
Digital Realty Trust at a glance
Digital Realty Trust, Inc. owns, acquires, develops, and operates data centers through its operating partnership subsidiary, Digital Realty Trust, L.P.
- Market value
- $66.1B
- Sector
- Real Estate
- Industry
- Specialty REITs
- Beta to the US market
- 0.75
- First valued by Faircurve
- 4 Jul 2026
How the fair value is worked out: the model values Digital Realty Trust three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for DLR was $105.57. As of 3 Oct 2026 it is $103.84, a change of -1.6%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Digital Realty Trust's valuation
Is Digital Realty Trust stock undervalued or overvalued?
On Faircurve's model, DLR reads as Overvalued as of 3 Oct 2026. The model's fair value is $103.84 a share against a last close of $178.55, a gap of -41.8%.
What is DLR's fair value?
$103.84 a share as of 3 Oct 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $96.39 to $112.13.
What price range does the model give DLR?
$163.48 to $206.63 over 63 trading days. Ranges built this way held the price 60% of the time across 3,562 past valuations, refreshed 3 Oct 2026.
When does Digital Realty Trust report earnings next?
The next report is scheduled for 22 Oct 2026. Companies can move their dates.
How much has DLR moved on past earnings reports?
Across its last 8 reports the median two session move was 3.4%, ignoring direction. The largest was +11.6% around the report of 23 Jul 2026.
How confident is the model in this valuation?
The model's evidence grade for DLR is high. For real estate investment trusts (REITs) the grade looks at the dividend record: at least three years of paid dividends with no cut. It is not a probability that the fair value is right, or that the price reaches it.