Valued at a market cap of $57.2 billion, Digital Realty Trust, Inc. (DLR) is a leading real estate investment trust (REIT) that owns, acquires, develops, and operates data centers. The Austin, Texas-based company provides secure, scalable, and interconnected environments for the storage and exchange of digital information and supports cloud computing, artificial intelligence, and enterprise IT infrastructure.
This specialty REIT has underperformed the broader market over the past 52 weeks. Shares of DLR have declined 3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 13.4%. Moreover, on a YTD basis, the stock is down 5.1%, compared to SPX’s 14.3% return.
