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Digital Realty Trust, Inc. - DLR STOCK NEWS

Welcome to our dedicated page for Digital Realty Trust news (Ticker: DLR), a resource for investors and traders seeking the latest updates and insights on Digital Realty Trust stock.

Digital Realty Trust, Inc. (NYSE: DLR) is a premier global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions. Known for its extensive portfolio, Digital Realty owns and operates over 300 data centers worldwide, encompassing nearly 40 million rentable square feet across five continents. The company's core business revolves around delivering client-driven data center and colocation solutions, ensuring secure, reliable, and cost-effective facilities tailored to meet each client's unique needs. Clients span various industries including IT, internet enterprises, manufacturing, and financial services, highlighting the company's diverse reach.

Digital Realty offers a range of services from retail co-location, where enterprises can rent individual cabinets, to

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Avnet (Nasdaq: AVT) has partnered with Digital Realty (NYSE: DLR) to provide innovative video broadcast solutions aimed at enhancing enterprise capabilities. Their first offering features 3rd Gen AMD EPYC servers integrated with Xilinx U30 FPGA accelerator cards, designed for high-performance, cloud-based video streaming. This collaboration enables organizations to easily benchmark and deploy solutions without upfront infrastructure costs, targeting various sectors including telemedicine and digital content distribution. The service emphasizes cost-effectiveness and performance, supporting the growing demand for digital video services.

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Digital Realty and Ciena have announced a significant partnership to enhance interconnectivity across Asia Pacific. This collaboration focuses on integrating Ciena's Data Center Interconnect (DCI) solutions into Digital Realty's PlatformDIGITAL®. It aims to facilitate customers' digital transformation by addressing data gravity challenges and expanding connectivity options in major markets like Tokyo, Osaka, Singapore, Hong Kong, and Sydney. The initiative supports the increasing demand for digital infrastructure driven by rising bandwidth requirements.

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Digital Realty (NYSE: DLR) announced leadership changes on November 1, 2021, appointing Andrew P. Power as President while retaining his role as Chief Financial Officer. Erich J. Sanchack has been named Chief Operating Officer, reporting to Power. CEO A. William Stein expressed confidence that these changes will enhance competitive advantages and drive future growth, emphasizing a strengthened operational and strategic focus.

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Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) announced the appointment of four independent directors following its $200 million IPO on October 26, 2021. The board aims to enhance value for potential target companies. New directors include Steve Norris, Florian Wolf, John Doherty, and Jeff Foster, bringing extensive experience in transportation, investment banking, and corporate development. Chairman Dr. Sir Ralf Speth emphasized the importance of a structured organization to attract innovative businesses in the next-generation transportation sector, particularly in Europe.

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Digital Realty (DLR) reported a strong third quarter of 2021, with net income of $124 million, or $0.44 per diluted share, compared to a loss of ($0.14) in 3Q20. Total revenue increased by 11% year-over-year to $1.1 billion. Funds from operations (FFO) per share rose to $1.54, a significant increase from $1.19 in the previous year. The company raised its core FFO per share outlook to $6.50-$6.55. Additionally, Digital Realty signed new leases expected to generate $113 million in annual GAAP rental revenue, highlighting robust leasing activity.

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Digital Realty (NYSE: DLR) and Pembani Remgro Infrastructure Fund have formed a joint venture to acquire Medallion Data Centres, Nigeria's top colocation and interconnection provider.

Medallion operates data centers in Lagos and Abuja, with Lagos being a major connectivity hub in West Africa. This acquisition supports Digital Realty's expansion in Africa, as the continent's internet economy is expected to grow from $115 billion in 2020 to $180 billion by 2025. The deal also includes land for future expansion near the Lagos facility.

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Digital Realty (NYSE: DLR) announced a strategic investment in AtlasEdge Data Centres, enhancing its edge data center capabilities in Europe. Effective January 2022, Giuliano Di Vitantonio will transition to CEO of AtlasEdge from Digital Realty. The investment aims to meet the increasing demand for localized, low-latency digital infrastructure across Europe, as AtlasEdge operates over 100 facilities positioned for cloud providers, gaming, and IoT services. The transaction is expected to close by year-end 2021.

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Digital Realty (DLR) announced it will release its third quarter 2021 financial results on October 26, 2021, after market close. A conference call to discuss these results will be held at 5:30 p.m. EDT. Investors can join the call by dialing +1 (888) 317-6003 for domestic or +1 (412) 317-6061 for international participants. A live webcast will also be available on the company's investor relations website.

Digital Realty operates 291 facilities in 47 metros across 24 countries, providing robust data center solutions.

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Digital Realty (NYSE: DLR) has officially closed its joint venture with Brookfield Infrastructure (NYSE: BIP) in India, receiving all necessary regulatory approvals. This collaboration aims to expand Digital Realty's PlatformDIGITAL® in India, catering to the growing data center market. The newly appointed CEO, Seema Ambastha, brings over 30 years of IT experience. Brookfield Infrastructure's data assets, valued at $23 billion, will support this initiative, targeting expansion from 139,000 to 175,000 telecom towers in India. This strategic move is expected to enhance the digital ecosystem in the region.

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Interxion: A Digital Realty Company (NYSE: DLR) has completed the third phase of its Amsterdam Data Tower expansion, adding 2.4 megawatts of capacity across four floors. This facility is situated in the Amsterdam Science Park, a hub for telecom carriers and service providers. The expansion addresses challenges related to data gravity, enhancing customer access to connectivity providers and facilitating faster data exchanges. With Amsterdam's high data gravity intensity, this development positions Interxion to capitalize on growing opportunities in the digital economy.

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FAQ

What is the current stock price of Digital Realty Trust (DLR)?

The current stock price of Digital Realty Trust (DLR) is $178.57 as of December 20, 2024.

What is the market cap of Digital Realty Trust (DLR)?

The market cap of Digital Realty Trust (DLR) is approximately 58.8B.

What does Digital Realty Trust, Inc. do?

Digital Realty Trust, Inc. provides cloud- and carrier-neutral data center, colocation, and interconnection solutions globally.

How many data centers does Digital Realty own?

Digital Realty owns and operates over 300 data centers worldwide.

What is PlatformDIGITAL®?

PlatformDIGITAL® is Digital Realty's global data center platform offering a secure data meeting place and solutions for managing data challenges.

What industries does Digital Realty serve?

Digital Realty serves a variety of industries including IT, internet enterprises, manufacturing, and financial services.

What recent partnerships has Digital Realty formed?

Digital Realty has recently partnered with Realty Income Corporation and Blackstone Inc. for data center developments in Northern Virginia, Frankfurt, and Paris.

What are cold shells in the context of Digital Realty's services?

Cold shells are large, power-connected spaces provided by Digital Realty where hyperscale cloud service providers can rent much or all of a building.

What financial results did Digital Realty report for Q4 2023?

Digital Realty reported revenues of $1.4 billion and adjusted EBITDA of $700 million for Q4 2023.

What is Digital Realty's approach to leasing?

Digital Realty offers both new leases and renewals, with significant contributions from colocation and interconnection services.

How does Digital Realty support innovation?

Digital Realty supports innovation through its global platform, PlatformDIGITAL®, and solutions like the Pervasive Datacenter Architecture (PDx®).

What is the significance of Digital Realty's REIT status?

As a real estate investment trust (REIT), Digital Realty provides shareholders with income distributions and operates under specific regulatory frameworks beneficial for real estate investments.

Digital Realty Trust, Inc.

Nasdaq:DLR

DLR Rankings

DLR Stock Data

58.80B
331.46M
0.08%
100.7%
2%
REIT - Specialty
Real Estate Investment Trusts
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United States of America
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