Digital Realty Trust vs Public Storage (DLR vs PSA)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Digital Realty Trust is the larger company by revenue ($6.1B vs $4.8B) and market value ($69.2B vs $55.7B). Public Storage has grown revenue faster over the last 4 fiscal years (+41.2% cumulative vs +38.1%). Public Storage trades at the lower trailing P/E (29.3x vs 90.7x).
About Digital Realty Trust
Digital Realty Trust, Inc. is a global provider of data center, colocation, and interconnection solutions. The company owns, acquires, develops, and operates data centers across multiple continents, serving enterprises and service providers of various sizes. Its services support digital infrastructure needs, enabling customers to deploy critical IT infrastructure with global coverage and connectivity.
About Public Storage
Public Storage is a real estate investment trust that owns, develops, and operates self-storage facilities across the United States. It leases storage spaces on a month-to-month basis for personal and business use and manages insurance programs for tenants. The company also offers merchandise such as locks and boxes, provides bridge lending to third-party self-storage owners, and holds a significant interest in a European self-storage company.
Head to head (DLR FY2025 vs PSA FY2025)
| Metric | DLRFY2025 | PSAFY2025 |
|---|---|---|
| Revenue | $6.11B | $4.82B |
| Revenue growth (YoY) | 10.0% | 2.7% |
| Gross margin | — | — |
| Operating margin | 10.8% | — |
| Net margin | 21.4% | 37.0% |
| Net income | $1.31B | $1.78B |
| Diluted EPS | $3.58 | $9.01 |
| FCF margin | — | — |
| ROE | — | 19.1% |
| Long-term debt / equity | — | 1.10× |
| Market cap | $69.21B | $55.74B |
| P/E | 90.7× | 29.3× |
Fundamentals are from each company’s SEC filings (DLR FY2025, PSA FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| DLR | $4.43B | $4.69B | $5.48B | $5.55B | $6.11B |
| PSA | $3.42B | $4.18B | $4.52B | $4.70B | $4.82B |
Peer standing
Where each company ranks among the 165 REITs, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | DLR | PSA |
|---|---|---|
| Net margin | 21.4%68th percentile of 156 | 37.0%85th percentile of 156 |
| Revenue growth (YoY) | +10.0%78th percentile of 161 | +2.7%46th percentile of 161 |
| P/E | 90.7×86th percentile of 109 | 29.3×54th percentile of 109 |
| Short interest (days to cover) | 3.69d36th percentile of 152 | 6.82d79th percentile of 152 |
Short interest
| FINRA settlement data | DLR | PSA |
|---|---|---|
| Shares sold short | 7.7M | 5.3M |
| Change vs prior settlement | -8.9% | -3.8% |
| Days to cover | 3.69 | 6.82 |
| As of settlement | 2026-08-14 | 2026-08-14 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | DLR | PSA |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 1 ($38,792) | 2 ($771,703) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
6 tracked 13F managers hold both Digital Realty Trust and Public Storage as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
Go deeper
AMT vs DLRDLR vs EQIXDLR vs ODLR vs PLDDLR vs SPGDLR vs WELLAll reit stocks →All comparisons →
Track DLR and PSA
Get an alert when either company files something material, see which superinvestors own them, and ask their filings a question with cited answers.
Start monitoring freeIncludes one free filing-grounded research answer. Or check your whole portfolio, no account needed.
Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.