Digital Rlty Tr Inc - DLR STOCK NEWS

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.

Interxion, a Digital Realty Company (NYSE: DLR), has commenced construction on a third data center in Brussels, Belgium, aimed for completion in Q4 2021. This facility will add nearly 1,280m² of capacity and enhance network connectivity for local and global enterprises. The expansion supports Digital Realty's PlatformDIGITAL® strategy and responds to the growing demand for data-centric infrastructure. The new site will also participate in a sustainable heating initiative, utilizing excess heat for local households. Data Gravity Index forecasts indicate rapid data growth in the Brussels area, expected to double by 2024.

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.