Companies: 10,795·Total market cap: $144.5T
Digital Realty Trust, Inc.

Digital Realty Trust, Inc.

DLRNYSEReal Estate● Active
$186.79
$-1.91(-1.01%)
Market Cap$65.6B
P/E Ratio—
52W High$208.14
52W Low$146.23
Free Cash FlowFinancialsRevenue

Digital Realty Trust, Inc. (DLR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DLR · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $2.41B for FY2025 (fiscal year ending 2025-12-31), up 523.0% year-over-year The FCF margin was 39.5%.

FY2025 Free Cash Flow$2.41B▲ +523.0% YoY
Trailing 12M (TTM)$1.15Btrailing 4 quarters sum
FCF Margin39.5%$2.41B ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
dlr free cash flow history · dlr free cash flow chart · dlr free cash flow growth rate · dlr free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$2.41B▲ +523.0%39.5%
FY2024−$570.3M▲ +69.8%-10.3%
FY2023−$1.89B▼ 92.2%-34.5%
FY2022−$983.7M▼ 20.2%-21.0%
FY2021−$818.5M▼ 73.4%-18.5%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
dlr free cash flow 2025 · dlr free cash flow 2024 · dlr free cash flow 2023 · dlr operating cash flow

FCF valuation metrics

Digital Realty Trust, Inc. (DLR) trades at a FCF yield of 1.76% and a price-to-free-cash-flow ratio of 55.6x. FCF per share stands at $3.36, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
1.76%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$3.36
TTM FCF ÷ Shares Outstanding
Price / FCF
x55.6
Share Price ÷ FCF per Share
EV / FCF (TTM)
x71.4
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
dlr price to free cash flow · dlr free cash flow yield · dlr free cash flow per share · dlr price to cash flow ratio

Cash flow statement summary

For FY2025, Digital Realty Trust, Inc. generated $2.41B in operating cash flow and spent 0M in capital expenditures, yielding $2.41B in free cash flow.

Operating Activities
+$2.41B
Cash from core business operations
2025-12-31
Investing Activities
−$2.23B
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$486.7M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($2.41B) − |CapEx| (0M) = FCF ($2.41B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
dlr cash flow statement · dlr cash flow statement 2025 · dlr operating cash flow · dlr cash flow from operations

Free cash flow vs peers (Real Estate)

#CompanyFree Cash FlowYoY
#1
Digital Realty Trust, Inc.
Digital Realty Trust, Inc.YOU
DLR
$2.41B+523.0%
#2
Prologis, Inc.
Prologis, Inc.
PLD
$5.01B+2.0%#3
American Tower Corporation
American Tower Corporation
AMT
$3.78B+2.2%#4
Simon Property Group, Inc.
Simon Property Group, Inc.
SPG
$3.57B+16.6%#5
Welltower Inc.
Welltower Inc.
WELL
$2.85B+29.5%#6
Equinix, Inc.
Equinix, Inc.
EQIX
−$400.0M-318.6%
Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Digital Realty Trust, Inc. (DLR) reported free cash flow of $2.41B for FY2025 (fiscal year ending 2025-12-31), up 523.0% year-over-year. The FCF margin was 39.5%.

Based on available data, Digital Realty Trust, Inc. has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $2.41B in FY2025.

Digital Realty Trust, Inc.'s FCF yield is 1.76% and price-to-FCF ratio is 55.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

DLR free cash flow · 8 questions

Digital Realty Trust, Inc. free cash flow was $2.41B for FY2025, up 523.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.15B.

DLR free cash flowDLR FCFDLR FCF 2025DLR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Digital Realty Trust, Inc. · Digital Realty Trust, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026