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Prologis vs Digital Realty Trust: PLD and DLR compared
Prologis is the larger company: $2.3B of revenue in its latest quarter (Q1 2026) against $1.9B for Digital Realty Trust (Q3 2026). Digital Realty Trust is growing faster (+21% against +7% a year earlier). Prologis is more profitable, with an operating margin of 52.7% against 15.9%.
Where the money goes: PLD and DLR
Prologis (PLD) · Q1 2026
Prologis, Q1 2026: revenue $2.3B (+7% year over year), operating margin 52.7%, net earnings $982M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
Digital Realty Trust (DLR) · Q3 2026
Digital Realty Trust, Q3 2026: revenue $1.9B (+21% year over year), operating margin 15.9%, net earnings $195M. The chart follows the revenue to costs, profit and cash.
| Prologis (PLD) | Digital Realty Trust (DLR) | |
|---|---|---|
| Latest quarter | Q1 2026 | Q3 2026 |
| Revenue | $2.3B | $1.9B |
| Revenue growth, Y/Y | +7% | +21% |
| Operating margin | 52.7% | 15.9% |
| Net earnings | $982M | $195M |
| Net margin | 42.7% | 10.3% |
| Operating cash flow | $1.3B | — |
| Free cash flow | $524M | — |
| Market value | $122.2B | $61.6B |
| P/E | 30.8× | 44.5× |
| Analysts’ mean target | $152.07 | $224.12 |
Questions
Which is bigger, Prologis or Digital Realty Trust?
Prologis is the larger company: $2.3B of revenue in its latest quarter (Q1 2026) against $1.9B for Digital Realty Trust (Q3 2026).
Is Prologis or Digital Realty Trust growing faster?
Digital Realty Trust is growing faster (+21% against +7% a year earlier).
Which is more profitable, Prologis or Digital Realty Trust?
Prologis is more profitable, with an operating margin of 52.7% against 15.9%.
More: Prologis earnings · how Prologis makes money · Digital Realty Trust earnings · how Digital Realty Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Apr 30, 2026; 8-K filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.