Digital Realty Trust, Inc. (DLR) vs Realty Income Corporation (O)
O leads on 10 of 16 compared metrics, though DLR is the cheaper stock.
A side-by-side comparison of Digital Realty Trust, Inc. and Realty Income Corporation 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).
DLR
Digital Realty Trust, Inc.
$184.20Real Estate
O
Realty Income Corporation
$62.72Real Estate
Not enough overlapping price history to compare DLR and O.
DLR vs O: by the numbers
- •DLR is the larger company ($64.73B vs $58.49B market cap).
- •DLR trades at the lower earnings multiple (48.47 vs 51.41 P/E).
- •DLR converts more revenue to profit (21.47% vs 18.94% net margin).
- •O grew revenue faster over the past five years (28.65% vs 9.00% CAGR).
- •O pays the higher dividend yield (5.16% vs 1.99%).
Which is better, DLR or O?
Metric tally: DLR 6 · O 10It depends on what you're optimizing for:
ValueDLR(lower P/E)
GrowthO(faster 5Y revenue CAGR)
IncomeO(higher dividend yield)
QualityO(higher ROIC)
Valuation
| Metric | DLR | O |
|---|---|---|
| P/E ratio | 48.47● | 51.41 |
| Forward P/E | 81.80 | 34.95● |
| P/S ratio | 10.14 | 9.59● |
| P/B ratio | 2.78 | 1.45● |
| PEG ratio | 0.36● | 2.49 |
| EV / EBITDA | 20.84 | 20.72 |
| FCF yield | 1.77% | 7.15%● |
Profitability
| Metric | DLR | O |
|---|---|---|
| Gross margin | 25.12% | 68.62%● |
| Operating margin | 14.61% | 29.27%● |
| Net margin | 21.47%● | 18.94% |
| ROE | 5.90%● | 2.86% |
| ROIC | 1.30% | 24.52%● |
Dividends
| Metric | DLR | O |
|---|---|---|
| Dividend yield | 1.99% | 5.16%● |
| Payout ratio | 98.12% | 276.67% |
Growth (annualized)
| Metric | DLR | O |
|---|---|---|
| Revenue CAGR (5Y) | 9.00% | 28.65%● |
| EPS CAGR (5Y) | 29.87%● | 0.35% |
| FCF CAGR (5Y) | -2.35% | 29.59%● |
| Total return CAGR (5Y) | 6.16%● | 3.50% |
Frequently asked
- Which is better, DLR or O?
- It depends on your goal. value: DLR (lower P/E); growth: O (faster 5Y revenue CAGR); income: O (higher dividend yield); quality: O (higher ROIC). Across all compared metrics, O leads 10 to 6.
- Is DLR or O cheaper?
- On trailing earnings, DLR is cheaper: DLR trades at a 48.47 P/E and O at 51.41.
- Which has grown faster, DLR or O?
- Over the past five years, O grew revenue faster — DLR at a 9.00% CAGR versus O at 28.65%.
- Does DLR or O pay a bigger dividend?
- DLR yields 1.99% and O yields 5.16% based on trailing dividends and the latest price.
- Is DLR or O more profitable?
- DLR runs the higher net margin — DLR at 21.47% versus O at 18.94%.
- Which has been the better investment, DLR or O?
- Over the past 10-year, DLR delivered the higher annualized total return — DLR at 9.78% versus O at 4.90%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Digital Realty Trust P/E ratioRealty Income P/E ratioDigital Realty Trust dividend yieldRealty Income dividend yieldDigital Realty Trust ROERealty Income ROEDigital Realty Trust operating marginRealty Income operating marginDigital Realty Trust revenue growthRealty Income revenue growthDigital Realty Trust free cash flowRealty Income free cash flow
Digital Realty Trust & Realty Income 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.