Digital Realty Trust, Inc. - DLR STOCK NEWS

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.

Digital Realty has been awarded the 2021 ENERGY STAR Partner of the Year by the U.S. EPA and Department of Energy for its sustainability initiatives. This marks the second consecutive year the company has received this honor. Its PlatformDIGITAL® is lauded for enhancing operational efficiency, aiming to reduce its carbon footprint by 2030. In 2020, Digital Realty achieved 31 ENERGY STAR certifications, with energy savings equivalent to powering 115,000 U.S. homes. The firm also raised its ENERGY STAR score by 48.5% and minimized non-IT energy use by 4.2%.

Digital Realty has officially opened its third data centre in Singapore, named Digital Loyang II (SIN12), which is its largest facility in the country with a capacity of 50 megawatts. This expansion increases the company's total investment in Singapore to over US$1 billion. SIN12 is pre-leased to major global cloud service and financial providers, enhancing the company's PlatformDIGITAL® offerings. The facility emphasizes sustainability, achieving Platinum certification under Singapore's BCA Green Mark, and features efficient cooling systems, aiming to support the growing digital economy in Singapore.

Digital Realty (NYSE: DLR) will announce its first-quarter 2021 financial results on April 29, 2021, after market closure. A conference call to discuss these results is scheduled for 5:30 p.m. EDT on the same day. Investors can join by calling +1 (888) 317-6003 for domestic or +1 (412) 317-6061 for international participants. The call will be webcast live on Digital Realty's investor website. Replay options will be available post-call until May 29, 2021.

Interxion: A Digital Realty Company (NYSE: DLR) has partnered with Telxius to enhance connectivity via the Dunant subsea cable in Paris. This marks the first new cable linking France and the US in 15 years, designed to meet rising global network demands. The connection extends Telxius' reach and will allow businesses to interconnect with improved performance and resilience across digital platforms. The Paris campus is expanding with the Interxion Paris Digital Park, further strengthening its position as a leading digital hub.

Digital Realty (NYSE: DLR) achieved 'five nines' uptime, exceeding 99.999% availability for the 14th consecutive year in 2020. The company maintained operational continuity during the pandemic and extreme weather conditions in Texas, ensuring that over 280 global data centers remained fully functional. Notably, the merger with Interxion expanded its reach across 11 EMEA countries. Digital Realty also earned EPA ENERGY STAR certification for 31 data centers and was named ENERGY STAR Partner of the Year, demonstrating its commitment to sustainability.

Digital Realty (NYSE: DLR) announced an expansion of secure, private access to Google Cloud's network in five key global metros, including Atlanta, Los Angeles, Vienna, and Düsseldorf. This initiative enhances direct interconnections, enabling high-speed, low-latency connections for customers, which is crucial for hybrid IT deployments. The company emphasizes the importance of proximity to Google Cloud for performance and cost advantages. Additionally, Digital Realty's infrastructure supports customers' digital transformation efforts by facilitating rapid deployment of applications on Google Cloud's scalable platform.

Digital Realty (DLR) has successfully sold a portfolio of 11 data centers in Europe, consisting of four in the UK and seven across France, the Netherlands, and Switzerland, for approximately $680 million. The UK facilities fetched £250.25 million while the European centers sold for €276.85 million. The deal is projected to generate $43.5 million in net operating income for 2021. The proceeds will be utilized to reduce debt and fund growth initiatives, reinforcing the company’s strategy for self-funding and capital diversification.