Digital Rlty Tr Inc - DLR STOCK NEWS

Digital Realty's subsidiary, Interxion, is expanding its Zurich campus with a new facility that will add over 11,000 square meters of equipped space and 24 megawatts of customer capacity. The project will unfold in three phases, with the first phase expected to provide approximately 2,900 square meters by mid-2022. This expansion reflects the growing demand for data center capacity in Zurich and Europe, positioned strategically within the existing cloud and interconnection hub. The project also aligns with sustainability efforts by contributing excess heat to local district heating initiatives.

Digital Realty (NYSE: DLR) is hosting MarketplaceLIVE on November 19, 2020, focusing on data gravity, a trend reshaping IT architectures. The Data Gravity Index DGx™ report indicates a projected doubling of data gravity intensity annually through 2024. Since launching PlatformDIGITAL®, Digital Realty expanded into 15 new metros, adding over 300 customers. The company received recognition in the IDC Marketscape and earned the ENERGY STAR Partner of the Year Award. MarketplaceLIVE will discuss overcoming data gravity challenges with leading industry figures.

Digital Realty (NYSE: DLR) has partnered with Vapor IO and Hivelocity to launch core-to-edge workloads on Hivelocity's bare metal edge cloud, starting in Atlanta with plans for expansion across the U.S. This integration enhances Digital Realty's PlatformDIGITAL and Vapor IO's Kinetic Edge capabilities, allowing developers to deploy low-latency applications efficiently. Hivelocity reports reduced costs and faster market access due to this collaboration, which combines data center and networking infrastructure to support modern digital applications.

Digital Realty (NYSE: DLR) announced its board's authorization of quarterly cash dividends for the fourth quarter of 2020. A cash dividend of $1.12 per share will be paid to common stockholders on January 15, 2021, for those on record by December 15, 2020. Preferred stock dividends include $0.414063 for Series C, $0.328125 for Series J, $0.365625 for Series K, and $0.325000 for Series L, all payable on December 31, 2020. This indicates continued income for shareholders amidst the ongoing financial landscape.

Interxion, a Digital Realty company, announced the acquisition of Lamda Hellix, Southeastern Europe's leading colocation and interconnection provider. This strategic move enhances Digital Realty's access to the rapidly growing Southeastern European market, particularly Greece, which serves as a vital connectivity hub. Lamda Hellix, the largest carrier-neutral provider in Greece, operates a significant data centre campus in Athens, housing two-thirds of the country’s data centre community. The acquisition supports Digital Realty's investment in its PlatformDIGITAL platform, facilitating digital transformation and global connectivity.

Digital Realty (NYSE: DLR) announced its Q3 2020 financial results, reporting a net loss available to common stockholders of ($0.14) per share, down from a net income of $0.24 in Q3 2019. Revenues reached $1 billion, up 27% year-over-year. The company's FFO per share was $1.19 compared to $1.59 last year. Despite challenges, Digital Realty raised its core FFO outlook for 2020 to $6.10-$6.15. Notable activities included signing agreements expected to generate $89 million in annualized rental revenue and completing several strategic acquisitions, enhancing its operational capacity.

Digital Realty (NYSE: DLR) announced that PathAI, an AI technology provider for pathology research, has selected its PlatformDIGITAL^® to deploy AI workloads. PathAI sought Digital Realty's data hub solution to address issues related to data gravity, seeking cost efficiency and flexibility. The partnership allows PathAI to enhance performance, with workloads running three to four times faster compared to a purely cloud-based approach. Digital Realty's infrastructure offers rapid deployment and renewable energy options, illustrating their strong positioning in the Northern Virginia data center market.

Southeast Asia is poised to become the fastest-growing region for data centers, as per a Digital Realty and Eco-Business study. The report indicates that 89% of experts expect significant data growth in the next five years. In a survey of over 200 professionals, 96% noted COVID-19 has intensified data demand. The Data Gravity Index forecasts data gravity to double annually from 2020 to 2024, with Singapore leading the charge. However, challenges like environmental awareness and land constraints could impede sustainable growth.

Digital Realty (NYSE: DLR) has announced the opening of registration for MarketplaceLIVE 2020, set for November 19. This event will be held globally online, emphasizing the theme Defying Gravity. It aims to address the increasing challenges enterprises face in a digitized world. The Data Gravity Index will be unveiled to highlight enterprise data growth and its implications. Keynote speakers include Bill Stein, Geoffrey Moore, and Jayshree Ullal, providing insights into future digital business models. Attendees can expect keynotes, discussions, and networking opportunities.