American Tower (REIT) (AMT) vs Digital Realty (DLR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Digital Realty (DLR) has outperformed American Tower (REIT) (AMT) over the past year, gaining 3.0% versus a loss of 11.1%. Over five years, DLR leads with a +22.3% price change compared with -38.3% for AMT. American Tower (REIT) is the larger company by market cap ($77.07 billion vs $66.15 billion), about 1.2 times the size, while Digital Realty is growing revenue faster (+10.0% vs +5.1%).
On valuation, American Tower (REIT) trades at a lower forward P/E (23.6x vs 63.4x for Digital Realty). American Tower (REIT) offers the higher dividend yield (4.22% vs 2.79%). American Tower (REIT) converts more of its revenue into profit, with a net margin of 24.7% versus 21.4%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AMT | DLR |
|---|---|---|
| Share price | $165.41 | $175.16 |
| Market cap | $77.07B | $66.15B |
| 1-day change | -0.46% | -2.94% |
| YTD return | -5.35% | +16.65% |
| 1-year return | -11.12% | +3.04% |
| 5-year return | -38.30% | +22.32% |
| P/E ratio (TTM) | 22.75 | 85.03 |
| Forward P/E | 23.60 | 63.42 |
| EPS (TTM) | $7.27 | $2.06 |
| Dividend yield | 4.22% | 2.79% |
| Annual dividend | $6.98 | $4.88 |
| Revenue (latest FY) | $10.64B | $6.11B |
| Revenue growth (YoY) | +5.11% | +10.04% |
| Net income (latest FY) | $2.63B | $1.31B |
| Operating margin | 45.52% | 10.77% |
| Net margin | 24.69% | 21.41% |
| 52-week high | $196.08 | $208.14 |
| 52-week low | $160.06 | $146.23 |
| Distance from 52-week high | -15.64% | -15.85% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +30.43% | +27.56% |
| Average volume | 2.60M | 2.28M |
| Shares outstanding | 465.96M | 371.00M |
| Employees | 4,866 | 4,282 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- DLR has outperformed AMT by 14.2 percentage points over the past year.
- Digital Realty trades at a higher earnings multiple (85.0x vs 22.8x trailing P/E).
- American Tower (REIT) offers a meaningfully higher dividend yield (4.22% vs 2.79%).
About American Tower (REIT)
AMT stock →American Tower Corporation one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
Real Estate · Real Estate Investment Trusts · 4,866 employees
About Digital Realty
DLR stock →Digital Realty Trust, Inc. brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions.
Real Estate · Real Estate Investment Trusts · 4,282 employees
AMT vs DLR FAQ
Which is bigger, American Tower (REIT) or Digital Realty?
American Tower (REIT) (AMT) is larger, with a market capitalization of $77.07B compared with $66.15B for Digital Realty (DLR).
Which stock has performed better over the past year, AMT or DLR?
DLR returned +3.04% over the past 12 months, compared with -11.12% for AMT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AMT or DLR?
AMT has the lower trailing P/E at 22.8, versus 85.0 for DLR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, American Tower (REIT) or Digital Realty?
American Tower (REIT) has the higher yield at 4.22%, compared with 2.79% for Digital Realty.
Are American Tower (REIT) and Digital Realty in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.