Digital Realty (DLR) vs Realty Income (O)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Digital Realty (DLR) has outperformed Realty Income (O) over the past year, gaining 3.0% versus a loss of 10.5%. Over five years, DLR leads with a +22.3% price change compared with -21.0% for O. Digital Realty is the larger company by market cap ($68.16 billion vs $50.48 billion), about 1.4 times the size.
On valuation, Realty Income trades at a lower forward P/E (34.4x vs 65.3x for Digital Realty). Realty Income offers the higher dividend yield (6.06% vs 2.70%). Digital Realty converts more of its revenue into profit, with a net margin of 21.4% versus 18.4%.
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 | DLR | O |
|---|---|---|
| Share price | $180.47 | $53.35 |
| Market cap | $68.16B | $50.48B |
| 1-day change | -2.26% | -1.66% |
| YTD return | +16.65% | -5.36% |
| 1-year return | +3.04% | -10.53% |
| 5-year return | +22.32% | -20.96% |
| P/E ratio (TTM) | 87.61 | 38.66 |
| Forward P/E | 65.34 | 34.35 |
| EPS (TTM) | $2.06 | $1.38 |
| Dividend yield | 2.70% | 6.06% |
| Annual dividend | $4.88 | $3.24 |
| Revenue (latest FY) | $6.11B | $5.75B |
| Revenue growth (YoY) | +10.04% | +9.07% |
| Net income (latest FY) | $1.31B | $1.06B |
| Operating margin | 10.77% | — |
| Net margin | 21.41% | 18.41% |
| 52-week high | $208.14 | $67.94 |
| 52-week low | $146.23 | $53.32 |
| Distance from 52-week high | -13.29% | -21.47% |
| Analyst consensus | strong_buy | hold |
| Avg. price target upside | +23.81% | +24.44% |
| Average volume | 2.29M | 6.48M |
| Shares outstanding | 371.00M | 946.22M |
| Employees | 4,282 | 544 |
| 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 O by 13.6 percentage points over the past year.
- Digital Realty trades at a higher earnings multiple (87.6x vs 38.7x trailing P/E).
- Realty Income offers a meaningfully higher dividend yield (6.06% vs 2.70%).
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
About Realty Income
O stock →Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we serve our clients as a full-service real estate capital provider.
Real Estate · Real Estate Investment Trusts · 544 employees
DLR vs O FAQ
Which is bigger, Digital Realty or Realty Income?
Digital Realty (DLR) is larger, with a market capitalization of $68.16B compared with $50.48B for Realty Income (O).
Which stock has performed better over the past year, DLR or O?
DLR returned +3.04% over the past 12 months, compared with -10.53% for O (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DLR or O?
O has the lower trailing P/E at 38.7, versus 87.6 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, Digital Realty or Realty Income?
Realty Income has the higher yield at 6.06%, compared with 2.70% for Digital Realty.
Are Digital Realty and Realty Income in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.