DLR vs BPYPP vs GDS Stock Comparison

Digital Realty Trust, Brookfield Property Partners and GDS Holdings Prices as of Oct 26, 2026 Peers: Industry group
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GDS GDS Holdings Ltd
$22.81 -30.4% 1M -34.7% 1Y
Market cap
$4.34B
P/E
8.2x
Revenue (TTM)
$1.75B
Div. yield
–
Data Centers Technology
4 wins

Head to Head

11 decided of 12

Digital Realty Trust leads on 4 of the 12 questions below (Digital Realty Trust 4, GDS Holdings 4, Brookfield Property Partners 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDLRBPYPPGDSLeader
Larger companyMarket capitalisation $63.45B $14.34B $4.34B DLR
Cheaper on earningsLower P/E, profitable companies only 83.7x -56.2x 8.2x GDS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 60.8x 11.2x 43.9x BPYPP
Faster revenue growthRevenue growth, trailing twelve months +17.4% -9.5% +15.8% DLR
More profitableNet margin, trailing twelve months 11.2% -3.6% 30.1% GDS
Better return on capitalReturn on invested capital 2.0% 0.0% 1.0% DLR
Less leveragedLower net debt / EBITDA 5.6x 6.9x 3.1x GDS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -2.6% +0.3% -34.7% BPYPP
Better 5-year returnAnnualised price return, 5 years +2.2%/yr -10.2%/yr -17.5%/yr DLR
Less volatileAnnualised volatility, 1 year 27.6% 21.1% 57.0% BPYPP
Higher overall scoreMean of the five percentile scores vs peers 45/100 52/100 69/100 GDS

Percentile Scorecard

DLRBPYPPGDS

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

AxisDLRBPYPPGDS
Valuation 10 #10 of 11 92 #13 of 145 95 #3 of 38
Growth 67 #4 of 10 67 #48 of 142 57 #16 of 36
Profitability 22 #8 of 10 18 #112 of 136 73 #10 of 34
Financial Health 80 #3 of 11 51 #69 of 139 51 #19 of 38
Shareholder Returns – 33 #88 of 131 –
Overall 45 52 69
  • DLR ranked among 11 companies in Infrastructure REITs
  • BPYPP ranked among 149 companies in Property REITs
  • GDS ranked among 39 companies in Cloud Computing

Price Performance

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

Returns

PeriodDLRBPYPPGDSSPY
1 month -2.2%-0.3%-30.4% -0.8%
3 months -10.8%-6.6%-27.3% +3.5%
6 months -11.1%-6.8%-48.1% +7.0%
Year to date +12.8%+2.9%-34.6% +12.2%
1 year -2.6%+0.3%-34.7% +13.0%
3 years +42.7%+30.6%+137.9% +86.3%
3 years, per year +12.6%+9.3%+33.5% +23.1%
5 years +11.3%-41.5%-61.7% +68.6%
5 years, per year +2.2%-10.2%-17.5% +11.0%
10 years +80.8%—— +258.0%
10 years, per year +6.1%—— +13.6%

Risk

MeasureDLRBPYPPGDSSPY
Volatility, 1Y 27.6%21.1%57.0% 12.7%
Downside volatility, 1Y 27.0%19.9%58.0% 12.7%
Beta vs S&P 500, 1Y 0.810.402.00 1.00
Return / volatility, 1Y -0.100.01-0.61 1.02
Max drawdown, 5Y -51.1%-56.4%-91.8% -25.4%
From 52-week high -14.4%-10.1%-52.0% -1.8%
52-week high $203.91$16.70$47.52 $779.14
52-week low $147.93$14.38$22.14 $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.

MultipleDLRBPYPPGDS
P/E now vs peer median 81.5xmedian 24.3x -56.5xmedian 27.4x 8.2xmedian 29.6x
P/S now vs peer median 9.5xmedian 6.4x 2.0xmedian 4.2x 2.7xmedian 4.2x
EV/EBITDA now vs peer median 27.0xmedian 15.8x 10.6xmedian 14.2x 11.1xmedian 24.2x
P/FCF now vs peer median -127.5xmedian 18.4x —median 23.2x 4.9xmedian 15.1x
P/B now vs peer median 2.3xmedian 2.3x 0.3xmedian 1.3x 1.1xmedian 3.9x
PEG now vs peer median 4.42median 0.72 -1.36median 2.11 0.12median 0.38

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 monthsDLRBPYPPGDS
Revenue $6.77B $7.17B $1.75B
Gross profit – – $436.56M
Operating income $986.10M – $82.93M
Net income $792.24M -$113.00M $542.46M
Free cash flow -$506.74M – $952.99M
R&D – – $4.66M
EPS (diluted) $2.10 $-0.27 $2.57
Cash & equivalents $1.86B $1.49B $2.20B
Total debt $73.26B $28.73B $15.20B
Shares (diluted) 361.54M 960.29M 205.57M
Enterprise value $52.40B $7.01B -$3.94B

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
MetricDLRBPYPPGDS
P/E 81.5x -56.5x 8.2x
P/FCF -127.5x – 4.9x
P/Operating cash flow 21.8x – 9.2x
P/S 9.5x 2.0x 2.7x
P/B 2.3x 0.3x 1.1x
P/Tangible book 2.5x 0.3x 1.1x
EV/EBITDA 27.0x 10.6x 11.1x
EV/EBIT 82.5x 11.5x 78.8x
EV/Revenue 12.0x 5.8x 3.7x
EV/FCF -160.6x – 6.9x
EV/Operating cash flow 27.4x – 12.7x
PEG (3Y EPS CAGR) 4.42 -1.36 0.12

Growth

14 metrics
MetricDLRBPYPPGDS
Revenue growth (1Y) 17.4% -9.5% 15.8%
Revenue CAGR (3Y) 9.7% -4.1% 8.1%
Gross profit growth (1Y) – – 27.6%
Gross profit CAGR (3Y) – – 14.4%
Operating income growth (1Y) -40.3% – -57.2%
Operating income CAGR (3Y) 17.3% – -5.5%
Net income growth (1Y) -42.6% 83.2% -14.6%
Net income CAGR (3Y) 23.2% 62.1% 71.9%
EPS growth (1Y) -46.0% 63.1% -26.4%
EPS CAGR (3Y) 18.5% 41.4% 65.7%
Operating cash flow growth (1Y) 24.9% – 15.3%
Operating cash flow CAGR (3Y) 20.6% – 20.0%
Free cash flow growth (1Y) 19.9% – 3.3%
Free cash flow CAGR (3Y) 26.1% – -11.1%

Profitability

14 metrics
MetricDLRBPYPPGDS
Gross margin – – 24.9%
EBITDA margin 44.5% 55.0% 33.5%
Operating margin 14.6% – 4.7%
Pretax margin 7.8% 2.7% 14.8%
Net margin 11.2% -3.6% 30.1%
FCF margin -7.5% – 54.3%
Operating cash flow margin 43.8% – 29.3%
Return on equity 3.1% -0.3% 12.5%
Return on assets 1.6% -0.1% 4.4%
Return on invested capital 2.0% 0.0% 1.0%
Return on capital employed – 4.1% 0.8%
Asset turnover 0.1x 0.1x 0.1x
Cash conversion (OCF / net income) 3.7x – 0.9x
Stock comp / revenue 1.5% – 2.5%

Financial Health

11 metrics
MetricDLRBPYPPGDS
Debt / assets 34.2% 28.1% 31.9%
Debt / equity 0.7x 0.7x 0.9x
Net debt / EBITDA 5.6x 6.9x 3.1x
Debt / FCF -36.8x – 4.2x
Liabilities / assets 48.7% 58.3% 64.8%
Equity / assets 51.3% 41.7% 35.2%
Interest coverage 2.1x 1.1x 0.4x
Current ratio – 0.3x 1.8x
Quick ratio – 0.3x 1.4x
Cash ratio – 0.1x 1.1x
Altman Z-score – – 0.62

Shareholder Returns

7 metrics
MetricDLRBPYPPGDS
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.

ConsensusDLRBPYPPGDS
Forward P/E 60.8xFY2026 11.2xFY2023 43.9xFY2026
EPS, next fiscal year $2.87FY2026 $1.34FY2023 $0.52FY2026
EPS growth, next FY -19.8%FY2026 – +550.0%FY2026
EPS growth, the year after -12.2% – -103.8%
Revenue, next fiscal year $7.40BFY2026 $7.07BFY2023 $1.96BFY2026
Revenue growth, next FY +21.1%FY2026 – +20.4%FY2026
Revenue growth, the year after +0.6% – +1.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDLRBPYPPGDS
Held by institutions 100.0% – 50.9%
Institutions holding 1,325 – 198
Change in shares held, QoQ +18.3% – +15.4%
Institutions buying 745 – 120
Institutions selling 383 – 61
Buyers to sellers 1.95 – 1.97

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.

DLRBPYPPGDS
DLR 1.00 0.20 0.21
BPYPP 0.20 1.00 0.16
GDS 0.21 0.16 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DLR, BPYPP and GDS?

Digital Realty Trust (DLR) is the largest by market capitalisation: Digital Realty Trust (DLR) $63.45B, Brookfield Property Partners (BPYPP) $14.34B, GDS Holdings (GDS) $4.34B.

Which stock is cheaper, DLR, BPYPP and GDS?

GDS Holdings (GDS) trades on the lowest price-to-earnings ratio (Digital Realty Trust (DLR) 83.7x, Brookfield Property Partners (BPYPP) -56.2x, GDS Holdings (GDS) 8.2x). On next year's consensus earnings, Brookfield Property Partners (BPYPP) is cheapest (Digital Realty Trust (DLR) 60.8x, Brookfield Property Partners (BPYPP) 11.2x, GDS Holdings (GDS) 43.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

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%, GDS Holdings (GDS) +15.8%.

Which company is more profitable?

GDS Holdings (GDS) has the highest net margin (Digital Realty Trust (DLR) 11.2%, Brookfield Property Partners (BPYPP) -3.6%, GDS Holdings (GDS) 30.1%). On return on invested capital, Digital Realty Trust (DLR) leads (Digital Realty Trust (DLR) 2.0%, Brookfield Property Partners (BPYPP) 0.0%, GDS Holdings (GDS) 1.0%).

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%, GDS Holdings (GDS) -34.7%. Over five years, Digital Realty Trust (DLR) compounded fastest (Digital Realty Trust (DLR) +2.2%/yr, Brookfield Property Partners (BPYPP) -10.2%/yr, GDS Holdings (GDS) -17.5%/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%, GDS Holdings (GDS) 57.0%). Volatility measures how widely the price swings, not the risk of the business.

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

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 4. 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.