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Digital Realty Trust, Inc. (NYSE: DLR) is a premier global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions. Known for its extensive portfolio, Digital Realty owns and operates over 300 data centers worldwide, encompassing nearly 40 million rentable square feet across five continents. The company's core business revolves around delivering client-driven data center and colocation solutions, ensuring secure, reliable, and cost-effective facilities tailored to meet each client's unique needs. Clients span various industries including IT, internet enterprises, manufacturing, and financial services, highlighting the company's diverse reach.
Digital Realty offers a range of services from retail co-location, where enterprises can rent individual cabinets, to
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.
Digital Realty (NYSE: DLR) has launched Data Hub featuring AWS Outposts to enhance enterprise IT infrastructure. This solution allows for rapid deployment of AWS infrastructure, addressing data gravity challenges. It aims to improve local processing, storage, and compliance with a decentralized delivery model. The Data Gravity Index™ indicates significant global demand for such services. Digital Realty's partnership with AWS positions it favorably for digital transformation, with over 40 AWS Direct Connect locations enhancing connectivity and performance.
Digital Realty (NYSE: DLR) will announce its third quarter 2020 financial results after market close on October 29, 2020. A conference call will follow at 5:30 PM EDT. Investors can join by calling +1 (888) 317-6003 (domestic) or +1 (412) 317-6061 (international) and using conference ID #1657717. Webcast replays will be available on Digital Realty's website for one hour post-call until November 29. The company operates a global data center platform with 280 facilities across 47 metros in 22 countries, supporting enterprises and service providers worldwide.
On Sept. 28, 2020, Digital Realty released its Data Gravity Index report, identifying data gravity as a significant trend affecting enterprises. The study forecasts that data gravity will double annually through 2024, impacting data management and compliance for global enterprises. Aon plc's insights emphasize the challenges data gravity poses for innovation and operational efficiency. Key findings include a projected data creation rate of 1.1 million gigabytes per second by 2024 and a need for strategic IT infrastructure to manage the complexities of data gravity.
Digital Realty (NYSE: DLR) announced the pricing of €750 million of 1.00% Guaranteed Notes due 2032 and €300 million of Floating Rate Guaranteed Notes due 2022. The Euro Notes are secured by guarantees from Digital Realty and its operating partnership. The 2032 Notes interest of 1.00% is payable annually from September 23, 2020, while the 2022 Notes, based on EURIBOR plus 0.48%, will pay interest quarterly starting December 23, 2020. The proceeds will finance green projects and repay existing debt. Closing is expected on September 23, 2020.
Digital Realty (NYSE: DLR) has announced its intention to redeem all outstanding 4.750% Guaranteed Notes due 2023, with a redemption date set for October 14, 2020. The redemption price includes par value, a make-whole premium, and accrued interest. Currently, £300,000,000 of these notes are outstanding. Deutsche Trustee Company Limited acts as the trustee, while Deutsche Bank AG, London Branch, serves as the paying agent. This move is part of Digital Realty's broader strategies to enhance its financial positioning in the data center sector.
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