American Tower Corporation (AMT) vs Digital Realty Trust, Inc. (DLR)
AMT leads on 12 of 17 compared metrics.
A side-by-side comparison of American Tower Corporation and Digital Realty Trust, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
AMT
American Tower Corporation
$187.18Real Estate
DLR
Digital Realty Trust, Inc.
$184.20Real Estate
Total return — AMT vs DLR
growth of $100 · last 22yAMT +988.9%DLR +1435.0%DLR compounded faster
AMT DLR
AMT vs DLR: by the numbers
- •AMT is the larger company ($87.21B vs $64.73B market cap).
- •AMT trades at the lower earnings multiple (30.24 vs 48.47 P/E).
- •AMT converts more revenue to profit (26.60% vs 21.47% net margin).
- •DLR grew revenue faster over the past five years (9.00% vs 5.68% CAGR).
- •AMT pays the higher dividend yield (2.77% vs 1.99%).
Which is better, AMT or DLR?
Metric tally: AMT 12 · DLR 5It depends on what you're optimizing for:
ValueAMT(lower P/E)
GrowthDLR(faster 5Y revenue CAGR)
IncomeAMT(higher dividend yield)
QualityAMT(higher ROIC)
Valuation
| Metric | AMT | DLR |
|---|---|---|
| P/E ratio | 30.24● | 48.47 |
| Forward P/E | 27.63● | 81.80 |
| P/S ratio | 8.08● | 10.14 |
| P/B ratio | 23.92 | 2.78● |
| PEG ratio | 2.76 | 0.36● |
| EV / EBITDA | 19.11● | 20.84 |
| FCF yield | 4.32%● | 1.77% |
Profitability
| Metric | AMT | DLR |
|---|---|---|
| Gross margin | 73.37%● | 25.12% |
| Operating margin | 44.24%● | 14.61% |
| Net margin | 26.60%● | 21.47% |
| ROE | 78.79%● | 5.90% |
| ROIC | 6.67%● | 1.30% |
Dividends
| Metric | AMT | DLR |
|---|---|---|
| Dividend yield | 2.77%● | 1.99% |
| Payout ratio | 96.11% | 98.12% |
Growth (annualized)
| Metric | AMT | DLR |
|---|---|---|
| Revenue CAGR (5Y) | 5.68% | 9.00%● |
| EPS CAGR (5Y) | 7.23% | 29.87%● |
| FCF CAGR (5Y) | 4.46%● | -2.35% |
| Total return CAGR (5Y) | -4.09% | 6.16%● |
Frequently asked
- Which is better, AMT or DLR?
- It depends on your goal. value: AMT (lower P/E); growth: DLR (faster 5Y revenue CAGR); income: AMT (higher dividend yield); quality: AMT (higher ROIC). Across all compared metrics, AMT leads 12 to 5.
- Is AMT or DLR cheaper?
- On trailing earnings, AMT is cheaper: AMT trades at a 30.24 P/E and DLR at 48.47.
- Which has grown faster, AMT or DLR?
- Over the past five years, DLR grew revenue faster — AMT at a 5.68% CAGR versus DLR at 9.00%.
- Does AMT or DLR pay a bigger dividend?
- AMT yields 2.77% and DLR yields 1.99% based on trailing dividends and the latest price.
- Is AMT or DLR more profitable?
- AMT runs the higher net margin — AMT at 26.60% versus DLR at 21.47%.
- Which has been the better investment, AMT or DLR?
- Over the past 10-year, DLR delivered the higher annualized total return — AMT at 8.24% versus DLR at 9.78%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
American Tower P/E ratioDigital Realty Trust P/E ratioAmerican Tower dividend yieldDigital Realty Trust dividend yieldAmerican Tower ROEDigital Realty Trust ROEAmerican Tower operating marginDigital Realty Trust operating marginAmerican Tower revenue growthDigital Realty Trust revenue growthAmerican Tower free cash flowDigital Realty Trust free cash flow
American Tower & Digital Realty Trust appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.