vs
Digital Realty（DLR）与Realty Income（O）财务数据对比。点击上方公司名可切换其他公司
Digital Realty的季度营收约是Realty Income的1.1倍（$1.6B vs $1.5B），Realty Income净利率更高（19.9% vs 6.0%，领先13.9%），Digital Realty同比增速更快（16.1% vs 11.0%），过去两年Digital Realty的营收复合增速更高（9.8% vs 8.6%）
Digital Realty是一家全球知名的不动产投资信托企业，核心业务涵盖全球各地运营商中立数据中心的持有、运营与投资，可为客户提供数据中心部署、主机托管、网络互联等多元专业服务，能够满足不同企业对算力基础设施、数据存储及网络连接的多样化需求。
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
DLR vs O — 直观对比
营收规模更大
DLR
是对方的1.1倍
$1.5B
营收增速更快
DLR
高出5.1%
11.0%
净利率更高
O
高出13.9%
6.0%
两年增速更快
DLR
近两年复合增速
8.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.5B |
| 净利润 | $98.6M | $296.1M |
| 毛利率 | — | — |
| 营业利润率 | 6.9% | 21.7% |
| 净利率 | 6.0% | 19.9% |
| 营收同比 | 16.1% | 11.0% |
| 净利润同比 | -10.3% | 48.3% |
| 每股收益（稀释后） | $0.22 | $0.32 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DLRO
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B |
净利润DLRO
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $296.1M | ||
| Q3 25 | $67.8M | $315.8M | ||
| Q2 25 | $1.0B | $196.9M | ||
| Q1 25 | $110.0M | $249.8M | ||
| Q4 24 | $189.6M | $199.6M | ||
| Q3 24 | $51.2M | $269.5M | ||
| Q2 24 | $80.2M | $259.4M |
营业利润率DLRO
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 21.7% | ||
| Q3 25 | 8.8% | 23.2% | ||
| Q2 25 | 14.2% | 15.8% | ||
| Q1 25 | 13.9% | 19.3% | ||
| Q4 24 | 10.1% | 16.5% | ||
| Q3 24 | 11.8% | 21.5% | ||
| Q2 24 | 0.7% | 20.7% |
净利率DLRO
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 19.9% | ||
| Q3 25 | 4.3% | 21.5% | ||
| Q2 25 | 69.1% | 14.0% | ||
| Q1 25 | 7.8% | 18.1% | ||
| Q4 24 | 13.2% | 14.9% | ||
| Q3 24 | 3.6% | 20.2% | ||
| Q2 24 | 5.9% | 19.4% |
每股收益（稀释后）DLRO
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $0.32 | ||
| Q3 25 | $0.15 | $0.35 | ||
| Q2 25 | $2.94 | $0.22 | ||
| Q1 25 | $0.27 | $0.28 | ||
| Q4 24 | $0.50 | $0.23 | ||
| Q3 24 | $0.09 | $0.30 | ||
| Q2 24 | $0.20 | $0.29 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.5B | $434.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $22.9B | $39.4B |
| 总资产 | $49.4B | $72.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DLRO
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $434.8M | ||
| Q3 25 | $3.3B | $417.2M | ||
| Q2 25 | $3.6B | $800.4M | ||
| Q1 25 | $2.3B | $319.0M | ||
| Q4 24 | $3.9B | $445.0M | ||
| Q3 24 | $2.2B | $397.0M | ||
| Q2 24 | $2.3B | $442.8M |
股东权益DLRO
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $39.4B | ||
| Q3 25 | $23.0B | $39.1B | ||
| Q2 25 | $22.9B | $39.2B | ||
| Q1 25 | $21.3B | $39.0B | ||
| Q4 24 | $21.3B | $38.8B | ||
| Q3 24 | $21.2B | $38.5B | ||
| Q2 24 | $20.5B | $38.6B |
总资产DLRO
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $72.8B | ||
| Q3 25 | $48.7B | $71.3B | ||
| Q2 25 | $48.7B | $71.4B | ||
| Q1 25 | $45.1B | $69.8B | ||
| Q4 24 | $45.3B | $68.8B | ||
| Q3 24 | $45.3B | $68.5B | ||
| Q2 24 | $43.6B | $68.1B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $1.2B |
| 自由现金流率自由现金流/营收 | — | 77.6% |
| 资本支出强度资本支出/营收 | — | 3.3% |
| 现金转化率经营现金流/净利润 | — | 4.06× |
| 过去12个月自由现金流最近4个季度 | — | $3.9B |
8季度趋势，按日历期对齐
经营现金流DLRO
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $1.2B | ||
| Q3 25 | $652.9M | $943.1M | ||
| Q2 25 | $641.2M | $1.1B | ||
| Q1 25 | $399.1M | $787.5M | ||
| Q4 24 | $769.5M | $972.0M | ||
| Q3 24 | $566.5M | $841.5M | ||
| Q2 24 | $573.2M | $981.2M |
自由现金流DLRO
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $909.9M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $764.6M | ||
| Q4 24 | — | $935.8M | ||
| Q3 24 | — | $807.9M | ||
| Q2 24 | — | $939.2M |
自由现金流率DLRO
| Q1 26 | — | — | ||
| Q4 25 | — | 77.6% | ||
| Q3 25 | — | 61.9% | ||
| Q2 25 | — | 73.3% | ||
| Q1 25 | — | 55.4% | ||
| Q4 24 | — | 69.8% | ||
| Q3 24 | — | 60.7% | ||
| Q2 24 | — | 70.1% |
资本支出强度DLRO
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 3.1% |
现金转化率DLRO
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | 4.06× | ||
| Q3 25 | 9.63× | 2.99× | ||
| Q2 25 | 0.62× | 5.39× | ||
| Q1 25 | 3.63× | 3.15× | ||
| Q4 24 | 4.06× | 4.87× | ||
| Q3 24 | 11.07× | 3.12× | ||
| Q2 24 | 7.15× | 3.78× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DLR
暂无分部数据
O
| Product And Service Retail | $900.8M | 61% |
| Other | $531.5M | 36% |
