Digital Realty Trust, Inc. — Earnings Quality Grade F
DLR · Real Estate
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 63 days, change +4 days YoY
AR growth 17.1% exceeds revenue growth 10.0%
Revenue 10.0%, CFFO 6.7%. Cash follows revenue
Expense Quality
No material inventory
Insufficient data
SG&A/Gross Profit = 16.7%, excellent (<30%)
Gross margin 55.4%, change +0.7pp. Stable
Cash Flow Quality
CFFO/NI = 1.84. Profits backed by cash
FCF $2.4B, FCF/NI = 1.84
Accruals ratio = -2.2%. Low accruals
Cash $3.5B covers only 18% of debt $19.7B
Balance Sheet Health
Goodwill+Intangibles $11.8B = 52% of equity. Over 50%
Debt/EBITDA = 5.3x (>4x). Financial stress
Other assets grew 40.7% vs revenue 10.0%
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 7% YoY. Normal
Manipulation Score
M-Score = -2.46 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
Digital Realty Trust, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09