Digital Realty Trust, Inc. - DLR STOCK NEWS

Interxion: A Digital Realty Company (NYSE: DLR) announced a partnership with Crosslake Fibre to establish direct interconnection from its Paris Campus to the CrossChannel Fibre System, expected to be operational by end-2021. This new subsea cable, the first built across the English Channel in nearly 20 years, will enhance connectivity with ultra-low latency and high capacity. The system features 96 fiber pairs, each exceeding 20 terabits per second. This development will significantly benefit customers in the Paris data centers, facilitating efficient data movement between the UK and mainland Europe.

Digital Realty (NYSE: DLR), a leader in data center solutions, will release its Q2 2021 financial results after the market closes on July 29, 2021. A conference call is scheduled for 5:30 p.m. EDT on the same day, offering investors insights into the company's performance. Interested parties can join the call by dialing the provided numbers or attending the live webcast on Digital Realty's investor website. Replays will be available post-call. Digital Realty operates 290 facilities globally, enhancing connectivity for enterprises and service providers.

Digital Realty announced the deployment of AWS Direct Connect 100Gbps at its Westin Building Exchange in Seattle and Interxion Dublin campus. This capability enhances user experience by enabling high availability, lower latency, and seamless access to large data sets, addressing today's data gravity challenges. The platform connects over 290 data centers globally, allowing enterprise customers to easily interconnect their workflows. As a recognized AWS Outposts Ready Partner, Digital Realty aims to support secure, data-intensive hybrid IT deployments, fortifying its role in the evolving digital economy.

Digital Realty (NYSE: DLR) announces the opening of its YYZ12 data center in downtown Toronto, enhancing its capacity by 800 kW and 6,900 ft². The new facility is fully interconnected with its TOR1 data center in Vaughan. Additionally, the company has broken ground on MRS4 in Marseille, France, which will provide 13.6 MW of capacity and direct access to 14 submarine cables. These developments support Digital Realty's PlatformDIGITAL® strategy, catering to the accelerating demand for digital business solutions.

Interxion: A Digital Realty Company has been chosen by Canadian cloud provider VEXXHOST to expand its public and private hybrid IT solutions via PlatformDIGITAL®. This partnership tackles data gravity challenges and enhances VEXXHOST's offerings, establishing its first European cloud region in Amsterdam. The collaboration emphasizes the growing demand for cloud services, with IDC forecasting global data creation to reach 180 zettabytes by 2025. This move enhances connectivity and scalability for VEXXHOST's customers across 290 data centers.

Digital Realty (NYSE: DLR) announced its board has authorized quarterly cash dividends for common and preferred stock for Q2 2021. The cash dividend for common stock is $1.16 per share, payable on June 30, 2021, to shareholders on record by June 15, 2021. For preferred stock, dividends authorized include $0.328125 for Series J, $0.365625 for Series K, and $0.325000 for Series L, all payable on June 30, 2021. This reflects the company's ongoing commitment to return value to shareholders.

Digital Realty (NYSE: DLR) reported strong financial results for Q1 2021, with net income of $372 million or $1.32 per share, up from $0.90 in Q1 2020. The company generated revenues of $1.1 billion, a 32% increase year-over-year. Funds from operations (FFO) per share rose to $1.49, while core FFO per share increased to $1.67. Total bookings during the quarter are expected to generate $117 million in annualized GAAP rental revenue. Digital Realty raised its 2021 core FFO outlook to $6.50-$6.55, indicating confidence in its growth trajectory.

Digital Realty (NYSE: DLR) announced its intention to redeem all 8,050,000 shares of its 6.625% Series C Cumulative Redeemable Perpetual Preferred Stock on May 17, 2021. Each share will be redeemed at $25.00, plus accrued dividends of $0.211632, totaling $25.211632 per share. After the redemption, these shares will cease to exist and will no longer trade on the NYSE under the symbol DLR.PRC. Holders of record as of April 15, 2021 will receive a notice regarding the redemption process.