DLR
Digital Realty Trust, Inc.
DLR's fundamentals are mixed, but it looks expensive: trading at 77x earnings, above its usual 51x. Analysts expect strong earnings growth.
OPEN
Opendoor Technologies Inc.
There isn't enough reported data to score OPEN yet.
DLR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
DLR's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for real estate companies like DLR.
OPEN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
OPEN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like OPEN.
DLR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 33x | $78.56 | -57% |
| Fair | 51x | $121 | -34% |
| Forward | 69x | $183 | — |
| Current | 77x | $183 | — |
| Expensive | 100x | $236 | +29% |
Historical ranges are pointers, not guarantees.
DLR's PE is in its expensive range at 77x. If earnings grow as analysts expect, today's price would be 69x next year's earnings, in its fair range.
OPEN PE Valuation
OPEN has no meaningful PE right now: it lost money over the past year.
DLR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
DLR has the edge over OPEN on the outlook, with more favorable earnings expectations.
OPEN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect OPEN's losses to grow, with revenue growing. However, they disagree widely on these estimates.
DLR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.64 | +11% |
| Q3 2026 | $2.37 | -39% |
| Q2 2026 | $2.04 | -46% |
| Q1 2026 | $3.77 | +256% |
| Q4 2025 | $3.58 | +122% |
| Q3 2025 | $3.86 | +219% |
| Q2 2025 | $3.80 | +10% |
| Q1 2025 | $1.06 | -71% |
| Q4 2024 | $1.61 | -46% |
DLR has the edge over OPEN on earnings quality, reporting a profit while its opponent remains loss making.
OPEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.00 | -$1.56 |
| Q2 2026 | -$1.89 | -$1.46 |
| Q1 2026 | -$1.76 | -$1.24 |
| Q4 2025 | -$1.70 | -$1.14 |
| Q3 2025 | -$0.44 | +$0.09 |
| Q2 2025 | -$0.43 | +$0.15 |
| Q1 2025 | -$0.52 | -$0.10 |
| Q4 2024 | -$0.56 | -$0.14 |
OPEN lost $2.00 per share over the past year, and its loss has widened in each of the last five quarters.
DLR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.9B | +21% |
| Q2 2026 | $1.9B | +29% |
| Q1 2026 | $1.6B | +16% |
| Q4 2025 | $1.6B | +14% |
| Q3 2025 | $1.6B | +10% |
| Q2 2025 | $1.5B | +10% |
| Q1 2025 | $1.4B | +5.7% |
| Q4 2024 | $1.4B | +4.8% |
DLR has the edge over OPEN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +7.1 points |
| Q2 2026 | 24% | +10 points |
| Q1 2026 | 16% | +2.5 points |
| Q4 2025 | 6.9% | -3.2 points |
| Q3 2025 | 8.8% | -3 points |
| Q2 2025 | 14% | +13 points |
| Q1 2025 | 14% | +2.7 points |
| Q4 2024 | 10% | +0.3 points |
DLR has the edge over OPEN on profitability, with a higher operating margin.
OPEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +12% |
| Q2 2026 | $883M | -44% |
| Q1 2026 | $720M | -38% |
| Q4 2025 | $736M | -32% |
| Q3 2025 | $915M | -34% |
| Q2 2025 | $1.6B | +3.7% |
| Q1 2025 | $1.2B | -2.4% |
| Q4 2024 | $1.1B | +25% |
OPEN's revenue is recovering but still below its 2022 peak: $1B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -18% | -11 points |
| Q2 2026 | -16% | -16 points |
| Q1 2026 | -22% | -17 points |
| Q4 2025 | -20% | -12 points |
| Q3 2025 | -7.4% | -2.6 points |
| Q2 2025 | -0.8% | +3.9 points |
| Q1 2025 | -4.9% | +2.5 points |
| Q4 2024 | -8.7% | +4.6 points |
OPEN's operating margin was −18% last quarter, down 11 points from the same quarter a year ago.
DLR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$420.5M | -164% |
| Q2 2026 | $1.1B | +66% |
| Q1 2026 | $532.4M | +33% |
| Q4 2025 | $719M | -6.6% |
| Q3 2025 | $652.9M | +15% |
| Q2 2025 | $641.2M | +12% |
| Q1 2025 | $399.1M | +13% |
| Q4 2024 | $769.5M | +66% |
DLR has the edge over OPEN on cash generation, producing positive trailing cash flow while its opponent burns cash.
OPEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$836M | -294% |
| Q2 2026 | -$723M | -188% |
| Q1 2026 | -$250M | +$33M |
| Q4 2025 | $67M | +$150M |
| Q3 2025 | $432M | +671% |
| Q2 2025 | $821M | +$1.2B |
| Q1 2025 | -$283M | -$97M |
| Q4 2024 | -$83M | +$468M |
OPEN's free cash flow was −$1.7B over the past year, against $887M the year before. Free cash flow isn't a meaningful measure for real estate companies like OPEN.
DLR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +5% | +18.3M shares |
| 1 year | +8.8% | +30.6M shares |
| 3 years | +22% | +68.5M shares |
| 5 years | +45% | +117M shares |
| Available history | +81% | +170M shares |
DLR has the edge over OPEN on shareholder dilution, with a more favorable share count trend.
OPEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -16.3M shares |
| 1 year | +30% | +220M shares |
| 3 years | +42% | +282M shares |
| 5 years | +61% | +361M shares |
| Available history | +1042% | +866M shares |
OPEN has 949M diluted shares, up 30% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
DLR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.9x | High |
| Q2 2026 | 5.6x | High |
| Q1 2026 | 5.8x | High |
| Q4 2025 | 5.9x | High |
| Q3 2025 | 5.9x | High |
| Q2 2025 | 5.9x | High |
| Q1 2025 | 6.4x | High |
| Q4 2024 | 5.7x | High |
DLR's net debt is about 5.9 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for real estate companies like DLR.
OPEN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 337.2x | High |
OPEN's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for real estate companies like OPEN.
DLR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.9 | Neutral |
| Stochastic | 35.7 | Neutral |
DLR's weekly RSI is 51 (neutral) and its Stochastic is 36 (neutral).
OPEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 20.6 | Oversold |
| Stochastic | 1.2 | Oversold |
OPEN's weekly RSI is 21 (oversold) and its Stochastic is 1 (oversold).
DLR PE vs Real Estate Sector
| Metric | DLR | Sector median | Relative |
|---|---|---|---|
| PE | 77x | 24x | 224% above |
| PE % | 67 | 23 | 44 pts above |
DLR is trading at 77x earnings, a 224% premium to the Real Estate sector's median of 24x.
OPEN PE vs Real Estate Sector
OPEN has no meaningful PE right now: it lost money over the past year.
DLR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $177.8 | 3.2% above |
| 20 week MA | $183.4 | 0.1% above |
| 50 week MA | $179.9 | 2% above |
| 100 week MA | $173.4 | 5.8% above |
| 200 week MA | $153.8 | 19% above |
DLR has the edge over OPEN on trend strength, trading above more of its moving averages.
OPEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.97 | 37% below |
| 20 week MA | $3.00 | 59% below |
| 50 week MA | $4.37 | 72% below |
| 100 week MA | $3.74 | 67% below |
| 200 week MA | $3.13 | 60% below |
OPEN is in a downtrend: it's below all five of its weekly moving averages, and 60% below its 200-week average.
DLR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $118.2 | $137.4 | +16% |
| 2021 | $137.4 | $169.8 | +24% |
| 2022 | $169.8 | $100.9 | -41% |
| 2023 | $100.9 | $134.6 | +33% |
| 2024 | $134.6 | $178.1 | +32% |
| 2025 | $178.1 | $155.0 | -13% |
| 2026 YTD | $155.0 | $183.5 | +18% |
DLR has the edge over OPEN on returns for 2026, with the stronger performance.
OPEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $27.4 | +150% |
| 2021 | $27.4 | $14.9 | -46% |
| 2022 | $14.9 | $1.02 | -93% |
| 2023 | $1.02 | $4.48 | +339% |
| 2024 | $4.48 | $1.67 | -63% |
| 2025 | $1.67 | $6.01 | +260% |
| 2026 YTD | $6.01 | $1.24 | -79% |
OPEN's yearly returns have swung widely, from +339% in 2023 to −93% in 2022. It's down 79% so far in 2026.