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 ($67.9B vs $56.5B). 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 (33.2x vs 47.9x).

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%
Debt / equity	—	1.1×
Market cap	$67.88B	$56.51B
P/E (TTM)	47.9×	33.2×

Fundamentals are from each company’s SEC filings (DLR FY2025, PSA FY2025). P/E and market cap are derived from recent market prices and update daily.

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

Net income	FY2021	FY2022	FY2023	FY2024	FY2025
DLR	$1.71B	$377.7M	$948.8M	$602.5M	$1.31B
PSA	$1.95B	$4.35B	$2.15B	$2.07B	$1.78B

Operating margin	FY2021	FY2022	FY2023	FY2024	FY2025
DLR	15.7%	12.6%	9.6%	8.5%	10.8%
PSA	—	—	—	—	—

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 (TTM)	47.9×79th percentile of 108	33.2×61st percentile of 108
Short interest (days to cover)	1.95d22nd percentile of 154	6.33d89th percentile of 154

Short interest

FINRA settlement data	DLR	PSA
Shares sold short	8.1M	6.7M
Change vs prior settlement	-0.3%	-12.3%
Days to cover	1.95	6.33
As of settlement	2026-06-30	2026-06-30

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 open-market activity	DLR	PSA
Buys	—	0
Sells	—	1 ($308,570)

Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy 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, Bridgewater Associates, Citadel Advisors, Gotham Asset Management, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.

Go deeper

DIGITAL REALTY TRUST, INC. (DLR)

Full statements, filings, ownership and peer ranks →

Public Storage (PSA)

Full statements, filings, ownership and peer ranks →

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Data sourced from SEC EDGAR (public domain). 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.