Digital Realty Trust, Inc. - DLR STOCK NEWS

Digital Realty (DLR) announced its Q1 2022 financial results, reporting a net income of $63.1 million, or $0.22 per diluted share, a significant decrease from $1.32 per share in Q1 2021. Revenue increased to $1.1 billion, up 3% year-over-year. Funds from operations (FFO) per share rose to $1.60, while core FFO remained stable at $1.67. The company signed bookings expected to generate $167 million in annualized GAAP rental revenue. Digital Realty reiterated its core FFO outlook for 2022 at $6.80-$6.90. Total debt stood at approximately $14.4 billion, with a net debt-to-adjusted EBITDA of 6.3x.

Digital Realty (NYSE: DLR) has agreed to provide a cash flow guarantee to Digital Core REIT (SGX: DCRU) in the wake of a recent customer bankruptcy affecting a significant revenue source. This customer, an IT service provider, accounted for ~$5 million or 7.1% of Digital Core REIT's annual revenue before its bankruptcy filing on April 11, 2022. The customer is current on rental obligations and has secured $95 million in financing. Digital Realty expects minimal impact on its core FFO outlook and emphasizes its commitment to the REIT's success.

Digital Realty has announced the release of its first quarter 2022 financial results after market close on April 28, 2022. Following the release, a conference call will take place at 5:30 p.m. ET to discuss the results. Investors can participate via phone or a live webcast on the company's website. The call will also be available for replay until May 28, 2022. Digital Realty provides cloud- and carrier-neutral data center solutions, supporting a global footprint with over 280 facilities across 25 countries.

Digital Realty (NYSE: DLR) announced the closure of its offering of CHF250 million in Swiss bonds. This includes CHF100 million of 0.600% Swiss bonds maturing in 2023 and CHF150 million of 1.700% Swiss bonds maturing in 2027. The bonds are fully guaranteed by Digital Realty and will be used to repay borrowings, acquire properties, develop opportunities, and other corporate purposes. The offering is made under Regulation S and is not available in the U.S. or to U.S. persons.

Digital Realty (NYSE: DLR) announced the appointment of Jordan Sadler as Senior Vice President of Public and Private Investor Relations, effective mid-April. Sadler has a robust background in the investment sector, previously leading KeyBanc Capital Markets' REIT research and covering over 65 stocks. He replaces John Stewart, now CEO of Digital Core REIT. Digital Realty continues to enhance its global platform, aiming to boost investor outreach and strengthen its market position.

Digital Realty (NYSE: DLR) has announced a 5% increase in its quarterly common stock cash dividend, raising it to $1.22 per share, reflecting confidence in its business strength and cash flows. This is the 17th consecutive year of dividend growth for the company. The common stock dividend will be paid to shareholders of record by March 15, 2022, with payment on March 31, 2022. Additionally, dividends for Series J, K, and L preferred stock will also be distributed on the same dates.

Digital Realty (DLR) reported robust financial results for Q4 2021, with net income of $1.1 billion, translating to $3.71 per diluted share, significantly up from $0.16 in Q4 2020. Funds from Operations (FFO) per share reached $1.54, a slight increase from the previous year. The company signed leases projected to generate $156 million in annualized GAAP revenue. Additionally, 2022 core FFO per share outlook is set at $6.80-$6.90. Notably, the firm completed strategic investments, including a stake acquisition in Teraco, while managing total debt of approximately $13.4 billion.

Digital Realty has officially opened its first data center in South Korea, named Digital Seoul 1 (ICN10), marking a significant expansion in the region. Located in Sangam Digital Media City, the facility spans 22,000 square feet and features 12 megawatts of IT capacity. As a carrier-neutral data center, ICN10 connects enterprises to local exchange carriers and enhances the digital ecosystem through PlatformDIGITAL®. The South Korean data center market is projected to grow at a CAGR of 7.72% from 2021 to 2026, driven by increased demand for AI and cloud services.