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Digital Realty Trust vs Simon Property: revenue, profit, margins and growth compared

Digital Realty Trust brought in $6.1B of revenue in fiscal 2025, Simon Property $6.4B in fiscal 2025. Revenue changed by +10.0% at Digital Realty Trust and +6.7% at Simon Property on the year before, so Digital Realty Trust grew faster. Digital Realty Trust kept 21.4% of its revenue as net profit, Simon Property 72.7%.

Side by side, latest fiscal year

DLRSPG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$6.1B$6.4B
Revenue growth+10.0%+6.7%
Net income$1.3B$4.6B
Net margin21.4%72.7%
Free cash flown/a$3.2B
Free cash flow marginn/a50.3%
Earnings per share (diluted)$3.58$14.17
Cash$3.5B$823.1M
Debtn/a$28.4B
Price to earnings49.914.4
Market value$66.1B$66.3B
Dividend yieldn/a4.17%
Rank by revenue in sector#8 of 162 · Real estate#6 of 162 · Real estate

Over the years

Revenue
DLR FY2018: $3BDLR FY2019: $3.2BDLR FY2020: $3.9BDLR FY2021: $4.4BDLR FY2022: $4.7BDLR FY2023: $5.5BDLR FY2024: $5.6BDLR FY2025: $6.1BSPG FY2018: $5.6BSPG FY2019: $5.8BSPG FY2020: $4.6BSPG FY2021: $5.1BSPG FY2022: $5.3BSPG FY2023: $5.7BSPG FY2024: $6BSPG FY2025: $6.4BFY18FY19FY20FY21FY22FY23FY24FY25
DLR $6.1BSPG $6.4B
Net income
DLR FY2018: $331.2MDLR FY2019: $579.8MDLR FY2020: $356.4MDLR FY2021: $1.7BDLR FY2022: $377.7MDLR FY2023: $948.8MDLR FY2024: $602.5MDLR FY2025: $1.3BSPG FY2018: $2.4BSPG FY2019: $2.1BSPG FY2020: $1.1BSPG FY2021: $2.2BSPG FY2022: $2.1BSPG FY2023: $2.3BSPG FY2024: $2.4BSPG FY2025: $4.6BFY18FY19FY20FY21FY22FY23FY24FY25
DLR $1.3BSPG $4.6B
Net margin
DLR FY2018: 10.9%DLR FY2019: 18.1%DLR FY2020: 9.1%DLR FY2021: 38.6%DLR FY2022: 8.0%DLR FY2023: 17.3%DLR FY2024: 10.8%DLR FY2025: 21.4%SPG FY2018: 43.2%SPG FY2019: 36.5%SPG FY2020: 24.1%SPG FY2021: 43.9%SPG FY2022: 40.4%SPG FY2023: 40.3%SPG FY2024: 39.7%SPG FY2025: 72.7%FY18FY19FY20FY21FY22FY23FY24FY25
DLR 21.4%SPG 72.7%
Revenue growth
DLR FY2019: +5.3%DLR FY2020: +21.6%DLR FY2021: +13.4%DLR FY2022: +6.0%DLR FY2023: +16.7%DLR FY2024: +1.4%DLR FY2025: +10.0%SPG FY2019: +1.9%SPG FY2020: -19.9%SPG FY2021: +11.1%SPG FY2022: +3.4%SPG FY2023: +6.9%SPG FY2024: +5.4%SPG FY2025: +6.7%FY19FY20FY21FY22FY23FY24FY25
DLR +10.0%SPG +6.7%
Free cash flow
SPG FY2018: $3BSPG FY2019: $2.9BSPG FY2020: $1.8BSPG FY2021: $3.1BSPG FY2022: $3.1BSPG FY2023: $3.1BSPG FY2024: $3.1BSPG FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25
DLRSPG $3.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Digital Realty Trust and Simon Property

Which is bigger by revenue, Digital Realty Trust or Simon Property?

Simon Property is bigger by revenue: $6.4B in fiscal 2025, against $6.1B for Digital Realty Trust in fiscal 2025.

Which keeps more of its revenue as profit, Digital Realty Trust or Simon Property?

Digital Realty Trust had a net margin of 21.4% in fiscal 2025; Simon Property had 72.7% in fiscal 2025.

Which grew revenue faster, Digital Realty Trust or Simon Property?

In their latest fiscal years revenue changed by +10.0% at Digital Realty Trust and +6.7% at Simon Property.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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