Digital Realty Trust, Inc. - DLR STOCK NEWS

On March 3, 2021, Digital Realty announced a manifesto aimed at overcoming barriers in the interconnection industry and addressing challenges posed by data gravity. The initiative includes an updated roadmap for PlatformDIGITAL®, enhancing interconnection capabilities and building a vast network of data centers. Notably, Digital Realty reported a 27% increase in its Service Exchange product uptake and a 46% growth for Cloud Connect over the past year. The company continues to expand its global footprint, now covering 49 metros and 24 countries, and integrating innovative solutions with partners like Megaport and Pureport.

Digital Realty (NYSE: DLR) has announced a 4% increase in its quarterly cash dividend for common stock to $1.16 per share, marking the 16th consecutive year of dividend growth. This dividend is payable on March 31, 2021, to shareholders of record as of March 15, 2021. Additionally, preferred stock dividends were confirmed, with amounts ranging from $0.325 to $0.414063 per share, also payable on March 31, 2021. The company's CFO highlighted the strong recurring cash flows that support this consistent dividend increase.

Digital Realty (NYSE: DLR) reported fourth-quarter 2020 financial results, indicating net income of $60 million or $0.16 per share, down from $1.50 in Q4 2019. Revenue grew to $1.1 billion, a 35% year-over-year increase. Funds from operations (FFO) per share decreased to $1.45 from $1.62 last year. The company signed leases projected to generate $130 million in annualized GAAP rental revenue. Digital Realty introduced a core FFO per share outlook for 2021 of $6.40-$6.50, with total revenue expectations of $4.250-$4.350 billion.

Digital Realty (NYSE: DLR) announced a major expansion of its Santa Clara connected campus, featuring a new 430,000 sq. ft. data center. This project aims to enhance connectivity for over 360 enterprises in the Bay Area, including direct access to AWS and IBM Clouds. Development includes sustainable materials and aims for LEED Gold certification. Additionally, a new dark fiber ring will boost metro connectivity across various campuses, supporting a data-centric approach for enterprises.

Digital Realty (DLR) announced the taxable dividend information for 2020. The total taxable dividend for common stock is $3.705774 per share, broken down into $2.667711 (72%) as ordinary income and $1.038063 (28%) as capital gain distribution. Preferred stocks also have specific taxable dividends: Series C at $1.656252, Series G at $1.158682, Series I at $1.089200, Series J at $1.312500, Series K at $1.462500, and Series L at $1.300000 per share. Shareholders are advised to consult tax professionals for accurate tax treatment.

On January 14, 2021, Interxion, a Digital Realty Company (NYSE: DLR), announced a partnership with PCCW Global to establish the termination and interconnection of the PEACE subsea cable system at its MRS2 data centre in Marseille, France. This 15,000 km high-speed cable will enhance connectivity between China, Europe, and Africa, linking multiple locations and offering low-latency access to over 160 connectivity providers. The collaboration strengthens Marseille's position as a digital hub and enhances Digital Realty's PlatformDIGITAL® infrastructure, offering enterprises improved resilience and performance.

Digital Realty (NYSE: DLR) announced its relocation of corporate headquarters from San Francisco to Austin, Texas, enhancing its Texas presence and ability to serve a global customer base. The company has over 30 data centers in Texas, covering 4 million square feet and providing over 100 megawatts of capacity. The move capitalizes on Texas's central location, affordable living, and a skilled workforce, aiming for long-term growth. Digital Realty also expanded colocation capacity in Dallas and plans to power 70% of its Texas portfolio with renewable energy by mid-2021.

Digital Realty (NYSE: DLR) appointed Don Freese as Chief Information Security Officer, effective January 13, 2021. He brings over 30 years of experience in cybersecurity, having served at the FBI and PwC. Freese will oversee the company's information security programs, enhancing data confidentiality and integrity. His leadership aims to strengthen Digital Realty's cybersecurity posture amid evolving threats. The company emphasizes its commitment to secure data practices as foundational to supporting customer growth.

Digital Realty (NYSE: DLR) announced the redemption of all its outstanding 2.750% notes due 2023, with a total principal amount of $350 million. The redemption will take place on February 4, 2021, as per the indenture dated June 23, 2015. Investors will receive the par value, a make-whole premium, and accrued interest until the redemption date. Wells Fargo Bank serves as the trustee and paying agent.