Which has the lower trailing P/E, DLR or O?

O has the lower trailing P/E: DLR trades at 227.63 and O at 53.69. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DLR or O?

Over the past five years, O grew revenue faster — DLR at a 4.95% CAGR versus O at 28.65%.

Does DLR or O pay a bigger dividend?

DLR yields 2.49% and O yields 4.95% based on trailing dividends and the latest price.

Is DLR or O more profitable?

O runs the higher net margin — DLR at 6.72% versus O at 18.94%.

How have DLR and O total returns compared?

Over the past 10 years, DLR delivered 9.90% and O delivered 4.59% annualized total return. Past performance doesn't predict future results.

Digital Realty Trust, Inc. (DLR) vs Realty Income Corporation (O)

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 July 28, 2026. Differences are shown without an overall score or investment verdict.

DLR

Digital Realty Trust, Inc.

$71.47B

$193.18Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT

Realty Income Corporation

$61.29B

$65.73Real EstateDelayed quote: Jul 28, 2026, 4:00 PM EDT

Total return — DLR vs O

growth of $100 · dividends reinvested · last 22y

DLR +3806.8%O +759.4%DLR compounded faster

DLR O

DLR vs O: by the numbers

•DLR is the larger company ($71.47B vs $61.29B market cap).
•O trades at the lower trailing earnings multiple (53.69 vs 227.63 P/E), one valuation lens rather than an overall verdict.
•O converts more revenue to profit (18.94% vs 6.72% net margin).
•O grew revenue faster over the past five years (28.65% vs 4.95% CAGR).
•O pays the higher dividend yield (4.95% vs 2.49%).

Metrics side by side

Valuation

Metric	DLR	O
P/E ratio	227.63	53.69
Forward P/E	77.24	42.36
P/S ratio	9.82	10.01
P/B ratio	2.70	1.51
PEG ratio	0.36	2.49
EV / EBITDA	27.63	21.08

Profitability

Metric	DLR	O
Gross margin	55.39%	89.80%
Operating margin	10.77%	29.27%
Net margin	6.72%	18.94%
ROE	5.71%	2.86%
ROIC	N/A	2.45%

Dividends

Metric	DLR	O
Dividend yield	2.49%	4.95%
Payout ratio	130.83%	276.84%

Growth (annualized)

Metric	DLR	O
Revenue CAGR (5Y)	4.95%	28.65%
EPS CAGR (5Y)	29.87%	0.35%
Total return CAGR (5Y)	8.61%	4.31%

Frequently asked

Which has the lower trailing P/E, DLR or O?: O has the lower trailing P/E: DLR trades at 227.63 and O at 53.69. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DLR or O?: Over the past five years, O grew revenue faster — DLR at a 4.95% CAGR versus O at 28.65%.
Does DLR or O pay a bigger dividend?: DLR yields 2.49% and O yields 4.95% based on trailing dividends and the latest price.
Is DLR or O more profitable?: O runs the higher net margin — DLR at 6.72% versus O at 18.94%.
How have DLR and O total returns compared?: Over the past 10 years, DLR delivered 9.90% and O delivered 4.59% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DLR analysis Full O analysis Interactive comparison tool

Dig into the metrics

Digital Realty Trust P/E ratio Realty Income P/E ratio Digital Realty Trust dividend yield Realty Income dividend yield Digital Realty Trust ROE Realty Income ROE Digital Realty Trust operating margin Realty Income operating margin Digital Realty Trust revenue growth Realty Income revenue growth Digital Realty Trust free cash flow Realty Income free cash flow

Digital Realty Trust & Realty Income appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Fastest Revenue Growth Stocks Highest FCF Yield Stocks

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 July 28, 2026.