DLR FINANCIAL STATEMENTS

Digital Realty Trust Inc — balance sheet, income statement and cash flow trends

DLRDigital Realty Trust Inc

🇺🇸 USA · US · Real Estate · REIT - Specialty

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue6.4 B $+14.0%

Gross Profit1.6 B $-48.0%

Operating Income937.7 M $+80.9%

EBITDA3.9 B $+46.5%

Net Income1.4 B $+219.7%

Peer Comparison· REIT - Specialty

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
DLR	14.0%	25.1%	61.2%	21.5%
GMG	-50.0%	61.8%	144.5%	117.4%
VNA	1.1%	57.0%	55.3%	54.5%
CLNX	13.6%	11.2%	64.0%	-7.5%
URW	2.5%	66.7%	76.0%	38.0%
SCG	1.8%	71.2%	86.8%	66.2%
Industry median	5.3%	44.5%	62.3%	25.9%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
DLR	14.0%	25.1%	61.2%	21.5%
AMT	2.7%	73.4%	63.4%	26.6%
EQIX	6.9%	51.3%	45.5%	15.0%
IRM	15.6%	55.0%	32.1%	3.8%
CCI	-22.9%	65.7%	64.4%	25.1%
SBAC	6.3%	63.6%	73.7%	35.7%
Industry median	5.3%	44.5%	62.3%	25.9%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity23.4 B $50%
Current Liabilities3.9 B $8%
Long-term Liabilities19.6 B $42%

Key Figures

YoY change

Total Assets48.9 B $+8.4%

Total Liabilities23.5 B $+7.1%

Total Equity23.4 B $+9.7%

Cash & ST Investments2.4 B $+4.5%

Total Debt19.2 B $+5.0%

Net Debt16.8 B $+5.1%

Peer Comparison· REIT - Specialty

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
DLR	1.00	82.2%	4.27	47.8%
GMG	289.80	17.8%	0.60	78.3%
VNA	0.66	150.8%	11.42	30.1%
CLNX	0.91	193.7%	6.84	27.9%
URW	1.27	138.4%	8.60	35.6%
SCG	0.31	80.2%	6.27	53.4%
Industry median	1.89	76.6%	5.16	34.3%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
DLR	1.00	82.2%	4.27	47.8%
AMT	0.40	1,235.6%	6.37	5.8%
EQIX	1.18	163.0%	4.71	35.0%
IRM	3.72	-1,622.8%	8.37	-5.7%
CCI	0.27	-1,285.5%	9.08	-6.1%
SBAC	0.15	-324.4%	7.17	-40.5%
Industry median	1.89	76.6%	5.16	34.3%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow2.5 B $+10.3%

Capital Expenditures4.6 B $+54.5%

Free Cash Flow1.2 B $—

Dividends Paid-1.8 B $-203.4%

Peer Comparison· REIT - Specialty

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
DLR	39.7%	18.0%	71.3%	184.7%
GMG	84.1%	81.1%	3.0%	71.6%
VNA	26.9%	22.8%	6.8%	49.3%
CLNX	—	—	0.0%	—
URW	61.3%	39.2%	26.8%	161.4%
SCG	38.3%	37.6%	0.7%	57.8%
Industry median	39.3%	24.1%	15.2%	156.9%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
DLR	39.7%	18.0%	71.3%	184.7%
AMT	51.5%	34.9%	16.6%	193.5%
EQIX	40.4%	-10.6%	50.9%	268.6%
IRM	20.4%	-8.7%	29.1%	544.0%
CCI	69.4%	64.7%	4.7%	276.2%
SBAC	43.6%	35.7%	8.0%	122.4%
Industry median	39.3%	24.1%	15.2%	156.9%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.