Digital Realty Trust, Inc. - DLR STOCK NEWS

Digital Realty (NYSE: DLR) announced the pricing of €850 million aggregate principal amount of 3.875% Guaranteed Notes due 2035. The notes, issued by Digital Dutch Finco B.V., a subsidiary of Digital Realty Trust, L.P., are priced at 99.343% of the principal amount.

These senior unsecured obligations will be fully and unconditionally guaranteed by Digital Realty and its operating partnership. Interest is payable annually at a rate of 3.875% starting January 14, 2025, with maturity on March 15, 2035. The offering is expected to close on January 14, 2025, pending customary closing conditions.

The proceeds will be used to repay borrowings under the global revolving credit facilities, acquire properties or businesses, fund development opportunities, invest in interest-bearing accounts and securities, and for general corporate purposes, including possibly repaying other debt or repurchasing securities.

The notes are being sold outside the U.S. under Regulation S of the U.S. Securities Act of 1933 and are not registered for sale within the U.S.

Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center solutions, has scheduled its fourth quarter 2024 earnings release for Thursday, February 13, 2025, after market close. The company will host a conference call at 5:00 p.m. ET / 4:00 p.m. CT on the same day.

Investors can participate by dialing +1 (888) 317-6003 (domestic) or +1 (412) 317-6061 (international) with conference ID #5600611. A live webcast will be available on Digital Realty's investor website. Both telephone and webcast replays will be accessible until March 13, 2025, with the replay available at +1 (877) 344-7529 (domestic) or +1 (412) 317-0088 (international) using conference ID #3368293.

Digital Realty (NYSE: DLR) has received the Nareit 'Leader in the Light' award for data center sustainability for the eighth consecutive year. The company's Vice President of Sustainability, Aaron Binkley, has been appointed as Chair of the Nareit Real Estate Sustainability Council for 2025. Digital Realty continues to demonstrate its environmental leadership with over 150 data centers worldwide now matched with 100% renewable electricity and 1.5 gigawatts of renewable energy under contract. Recent achievements include commencing a 120-megawatt solar plant in South Africa, receiving SDEA Gold+ certification in Switzerland, and completing an €850 million green notes sale.

Digital Realty (NYSE: DLR) has announced a strategic partnership with OVHcloud to integrate the European cloud provider into its ServiceFabric™ platform. The collaboration will provide enterprises with secure, high-performance cloud solutions featuring private connectivity across private, hybrid, and public cloud environments. The integration enables direct access to OVHcloud's bare metal offerings and cloud solutions through Digital Realty's global network of 300+ data centers, bypassing public internet for enhanced security and performance. The service is immediately available for enterprises, with connectivity possible from 150+ Digital Realty locations worldwide.

Digital Realty (NYSE: DLR) has announced that its subsidiary Teraco has begun construction of a 120-megawatt utility-scale solar photovoltaic power plant in South Africa. This groundbreaking initiative marks the first instance of a global data center company owning a power plant. The facility is scheduled to start generating power in late 2026, with an output capacity equivalent to powering 110,000 South African households annually.

The project strengthens Digital Realty's commitment to sustainability, with over 150 of its data centers already operating on 100% renewable electricity. Combined with existing agreements, the company will have more than 1.5 gigawatts of contracted solar and wind capacity, reinforcing its position as a leader in sustainable data center solutions.

Digital Realty Trust announced that its subsidiary has priced a $1 billion offering of 1.875% exchangeable senior notes due 2029. The notes will be issued to qualified institutional buyers with an initial exchange rate of 4.7998 shares of Digital Realty's common stock per $1,000 principal amount, representing an exchange price of $208.34 per share. The company expects net proceeds of approximately $979.3 million, which will be used to temporarily repay borrowings, acquire properties, fund development, and for general corporate purposes.

Digital Realty Trust (NYSE: DLR) announced that its subsidiary, Digital Realty Trust, L.P., plans to offer $1 billion in exchangeable senior notes due 2029, with an additional $150 million option for initial purchasers. The notes will be senior, unsecured obligations with semi-annual interest payments, maturing on November 15, 2029. They will be redeemable after November 22, 2027, if certain conditions are met. The proceeds will be used to temporarily repay revolving credit facilities, acquire properties, fund development, and for general corporate purposes.

Digital Realty (NYSE: DLR) has declared quarterly cash dividends for Q4 2024. The company will pay $1.22 per share to common stockholders of record as of December 13, 2024, with payment on January 17, 2025. Additionally, preferred stock dividends were declared: Series J (5.250%) at $0.328125 per share, Series K (5.850%) at $0.365625 per share, and Series L (5.200%) at $0.325000 per share. All preferred stock dividends will be paid on December 31, 2024, to holders of record as of December 13, 2024.

Digital Realty (NYSE: DLR) reported Q3 2024 financial results with revenues of $1.4 billion, up 5% quarter-over-quarter and 2% year-over-year. Net income available to stockholders was $41 million ($0.09 per share), compared to $2.31 per share in Q3 2023. Core FFO per share increased to $1.67 from $1.62 year-over-year.

The company achieved record leasing with $521 million in new bookings and reported a backlog of $859 million in annualized GAAP base rent. Rental rates on renewal leases increased by 15.2% on a cash basis. Digital Realty raised its 2024 Core FFO guidance to $6.65-$6.75 per share.