DLR vs BPYPP vs FRMI Stock Comparison

Digital Realty Trust, Brookfield Property Partners and Fermi Prices as of Oct 26, 2026 Peers: Industry group
FRMI Fermi Inc.
$2.54 -43.8% 1M -89.2% 1Y
Market cap
$1.67B
P/E
–
Revenue (TTM)
—
Div. yield
–
Data Center REITs Real Estate

Head to Head

10 decided of 12

Digital Realty Trust leads on 6 of the 12 questions below (Digital Realty Trust 6, Brookfield Property Partners 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDLRBPYPPFRMILeader
Larger companyMarket capitalisation $63.45B $14.34B $1.67B DLR
Cheaper on earningsLower P/E, profitable companies only 83.7x -56.2x -2.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 60.8x 11.2x — BPYPP
Faster revenue growthRevenue growth, trailing twelve months +17.4% -9.5% — DLR
More profitableNet margin, trailing twelve months 11.2% -3.6% — DLR
Better return on capitalReturn on invested capital 2.0% 0.0% — DLR
Less leveragedLower net debt / EBITDA 5.6x 6.9x — DLR
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -2.6% +0.3% -89.2% BPYPP
Better 5-year returnAnnualised price return, 5 years +2.2%/yr -10.2%/yr — DLR
Less volatileAnnualised volatility, 1 year 27.6% 21.1% 120.9% BPYPP
Higher overall scoreMean of the five percentile scores vs peers 45/100 52/100 — BPYPP

Percentile Scorecard

DLRBPYPPFRMI

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDLRBPYPPFRMI
Valuation 10 #10 of 11 92 #13 of 145 0 #11 of 11
Growth 67 #4 of 10 67 #48 of 142 –
Profitability 22 #8 of 10 18 #112 of 136 –
Financial Health 80 #3 of 11 51 #69 of 139 70 #4 of 11
Shareholder Returns – 33 #88 of 131 –
Overall 45 52 –
  • DLR ranked among 11 companies in Infrastructure REITs
  • BPYPP ranked among 149 companies in Property REITs
  • FRMI ranked among 11 companies in Infrastructure REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDLRBPYPPFRMISPY
1 month -2.2%-0.3%-43.8% -0.8%
3 months -10.8%-6.6%-64.9% +3.5%
6 months -11.1%-6.8%-53.5% +7.0%
Year to date +12.8%+2.9%-68.3% +12.2%
1 year -2.6%+0.3%-89.2% +13.0%
3 years +42.7%+30.6%— +86.3%
3 years, per year +12.6%+9.3%— +23.1%
5 years +11.3%-41.5%— +68.6%
5 years, per year +2.2%-10.2%— +11.0%
10 years +80.8%—— +258.0%
10 years, per year +6.1%—— +13.6%

Risk

MeasureDLRBPYPPFRMISPY
Volatility, 1Y 27.6%21.1%120.9% 12.7%
Downside volatility, 1Y 27.0%19.9%122.8% 12.7%
Beta vs S&P 500, 1Y 0.810.403.17 1.00
Return / volatility, 1Y -0.100.01-0.74 1.02
Max drawdown, 5Y -51.1%-56.4%-92.2% -25.4%
From 52-week high -14.4%-10.1%-91.5% -1.8%
52-week high $203.91$16.70$29.86 $779.14
52-week low $147.93$14.38$2.54 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDLRBPYPPFRMI
P/E now vs peer median 81.5xmedian 24.3x -56.5xmedian 27.4x -2.2xmedian 24.3x
P/S now vs peer median 9.5xmedian 6.4x 2.0xmedian 4.2x —median 6.4x
EV/EBITDA now vs peer median 27.0xmedian 15.8x 10.6xmedian 14.2x —median 15.8x
P/FCF now vs peer median -127.5xmedian 18.4x —median 23.2x -1.3xmedian 18.4x
P/B now vs peer median 2.3xmedian 2.3x 0.3xmedian 1.3x 1.6xmedian 2.3x
PEG now vs peer median 4.42median 0.72 -1.36median 2.11 —median 0.72

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDLRBPYPPFRMI
Revenue $6.77B $7.17B –
Operating income $986.10M – -$365.10M
Net income $792.24M -$113.00M -$694.51M
Free cash flow -$506.74M – -$1.24B
EPS (diluted) $2.10 $-0.27 $-1.16
Cash & equivalents $1.86B $1.49B $62.54M
Total debt $73.26B $28.73B $520.09M
Shares (diluted) 361.54M 960.29M 637.33M
Enterprise value $52.40B $7.01B $805.05M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDLRBPYPPFRMI
P/E 81.5x -56.5x -2.2x
P/FCF -127.5x – -1.3x
P/Operating cash flow 21.8x – -18.5x
P/S 9.5x 2.0x –
P/B 2.3x 0.3x 1.6x
P/Tangible book 2.5x 0.3x 1.6x
EV/EBITDA 27.0x 10.6x –
EV/EBIT 82.5x 11.5x -5.7x
EV/Revenue 12.0x 5.8x –
EV/FCF -160.6x – -1.7x
EV/Operating cash flow 27.4x – -23.7x
PEG (3Y EPS CAGR) 4.42 -1.36 –

Growth

14 metrics
MetricDLRBPYPPFRMI
Revenue growth (1Y) 17.4% -9.5% –
Revenue CAGR (3Y) 9.7% -4.1% –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -40.3% – –
Operating income CAGR (3Y) 17.3% – –
Net income growth (1Y) -42.6% 83.2% –
Net income CAGR (3Y) 23.2% 62.1% –
EPS growth (1Y) -46.0% 63.1% –
EPS CAGR (3Y) 18.5% 41.4% –
Operating cash flow growth (1Y) 24.9% – –
Operating cash flow CAGR (3Y) 20.6% – –
Free cash flow growth (1Y) 19.9% – –
Free cash flow CAGR (3Y) 26.1% – –

Profitability

14 metrics
MetricDLRBPYPPFRMI
Gross margin – – –
EBITDA margin 44.5% 55.0% –
Operating margin 14.6% – –
Pretax margin 7.8% 2.7% –
Net margin 11.2% -3.6% –
FCF margin -7.5% – –
Operating cash flow margin 43.8% – –
Return on equity 3.1% -0.3% -34.0%
Return on assets 1.6% -0.1% -20.2%
Return on invested capital 2.0% 0.0% –
Return on capital employed – 4.1% –
Asset turnover 0.1x 0.1x –
Cash conversion (OCF / net income) 3.7x – 0.1x
Stock comp / revenue 1.5% – –

Financial Health

11 metrics
MetricDLRBPYPPFRMI
Debt / assets 34.2% 28.1% 29.5%
Debt / equity 0.7x 0.7x 0.5x
Net debt / EBITDA 5.6x 6.9x –
Debt / FCF -36.8x – -0.4x
Liabilities / assets 48.7% 58.3% 41.5%
Equity / assets 51.3% 41.7% 58.5%
Interest coverage 2.1x 1.1x -47.3x
Current ratio – 0.3x –
Quick ratio – 0.3x –
Cash ratio – 0.1x –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricDLRBPYPPFRMI
Dividend yield 2.8% 10.9% –
Net buyback yield -4.6% -10.2% –
Shareholder yield -1.8% 0.7% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDLRBPYPPFRMI
Forward P/E 60.8xFY2026 11.2xFY2023 –
EPS, next fiscal year $2.87FY2026 $1.34FY2023 $-0.40FY2026
EPS growth, next FY -19.8%FY2026 – –
EPS growth, the year after -12.2% – –
Revenue, next fiscal year $7.40BFY2026 $7.07BFY2023 $7.97MFY2026
Revenue growth, next FY +21.1%FY2026 – –
Revenue growth, the year after +0.6% – +5,173.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDLRBPYPPFRMI
Held by institutions 100.0% – 25.4%
Institutions holding 1,325 – 293
Change in shares held, QoQ +18.3% – +121.5%
Institutions buying 745 – 233
Institutions selling 383 – 42
Buyers to sellers 1.95 – 5.55

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DLRBPYPPFRMI
DLR 1.00 0.20 0.39
BPYPP 0.20 1.00 0.18
FRMI 0.39 0.18 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DLR, BPYPP and FRMI?

Digital Realty Trust (DLR) is the largest by market capitalisation: Digital Realty Trust (DLR) $63.45B, Brookfield Property Partners (BPYPP) $14.34B, Fermi (FRMI) $1.67B.

Which company is growing faster?

Digital Realty Trust (DLR) grew revenue fastest over the trailing twelve months: Digital Realty Trust (DLR) +17.4%, Brookfield Property Partners (BPYPP) -9.5%.

Which company is more profitable?

Digital Realty Trust (DLR) has the highest net margin (Digital Realty Trust (DLR) 11.2%, Brookfield Property Partners (BPYPP) -3.6%). On return on invested capital, Digital Realty Trust (DLR) leads (Digital Realty Trust (DLR) 2.0%, Brookfield Property Partners (BPYPP) 0.0%).

Which stock has performed better?

Over the past year Brookfield Property Partners (BPYPP) returned the most: Digital Realty Trust (DLR) -2.6%, Brookfield Property Partners (BPYPP) +0.3%, Fermi (FRMI) -89.2%. Over five years, Digital Realty Trust (DLR) compounded fastest (Digital Realty Trust (DLR) +2.2%/yr, Brookfield Property Partners (BPYPP) -10.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Brookfield Property Partners (BPYPP) has been the steadiest (Digital Realty Trust (DLR) 27.6%, Brookfield Property Partners (BPYPP) 21.1%, Fermi (FRMI) 120.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DLR, BPYPP and FRMI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Digital Realty Trust (DLR) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.