Digital Realty Trust, Inc. - DLR STOCK NEWS

Digital Realty (NYSE: DLR) announced an expansion of its One Century Place facility in Toronto on August 25, 2020, adding 6,000 square feet and 1,500 kilowatts of colocation capacity. This move aims to meet the increasing demand from technology and data-centric businesses. The expansion will enhance connectivity and support digital transformation initiatives, leveraging IBM's Direct Link 2.0 for improved access to cloud services. With over 20 megawatts currently in operation and plans for 60 megawatts at full build-out, Toronto is positioned as a critical technology hub in North America.

Digital Realty (NYSE: DLR) is expanding its renewable energy capacity in Dallas, Texas, by entering a long-term power purchase agreement for solar energy from Pattern Energy's Phoenix Solar Project. The agreement, which will power 70% of Digital Realty's Greater Dallas portfolio, is expected to generate approximately 160,000 megawatt-hours per year. Additionally, the company is enhancing its 2323 Bryan Street data center to meet rising connectivity demands. This continuous investment in sustainable energy aligns with its commitment to reducing carbon emissions.

Digital Realty (NYSE: DLR) announced on August 11, 2020, its board of directors authorized quarterly cash dividends for common and preferred stock for Q3 2020. Shareholders of common stock will receive a dividend of $1.12 per share, payable on September 30, 2020. Preferred stock dividends include $0.414063 for Series C, $0.367188 for Series G, $0.328125 for Series J, $0.365625 for Series K, and $0.325000 for Series L, all of which will be paid on the same date to shareholders of record on September 15, 2020.

Digital Realty (NYSE: DLR) reported its Q2 2020 financial results, showing a revenue of $993 million, a 21% increase from Q1 and 24% year-over-year. Net income available to common stockholders rose to $0.20 per share. However, core FFO per share decreased 6% year-over-year to $1.54. The company raised its 2020 core FFO outlook to $6.00-$6.10. Total signed bookings for the quarter are expected to generate $144 million in annualized GAAP rental revenue, with significant contributions from Interxion. Digital Realty remains operational amid COVID-19, prioritizing health and safety.

Digital Realty (NYSE: DLR) announced a significant collaboration with NVIDIA and Core Scientific, deploying the first AI-ready Data Hub using NVIDIA DGX A100 technology at its Interxion Digital Docklands Campus in London. This initiative aims to enhance digital transformation, providing customers with a platform to rapidly deploy AI models. Digital Realty, the first to earn NVIDIA DGX-Ready Data Center certification, expands its AI infrastructure to support businesses in optimizing data workflows and driving enterprise innovations.

On July 16, 2020, Digital Realty's Interxion was recognized as the leading connected data center provider in EMEA, according to Cloudscene's H1 2020 leaderboard. This achievement underscores the strategic benefits of Digital Realty's merger with Interxion, enhancing its ability to meet increasing customer demand. The company is expanding its EMEA footprint through acquisitions in Frankfurt, Paris, and London. Notably, businesses are projected to spend $5.9 trillion on digital transformation from 2019 to 2022, increasing the need for robust connectivity solutions.

On July 13, 2020, Digital Realty announced that its subsidiary, Interxion, acquired the freehold of its Hanauer Landstraße campus in Frankfurt, which includes nine data centers and the German headquarters. This acquisition consolidates Interxion's control over 15 data centers at this strategic location. Additionally, Interxion agreed to purchase an adjacent 107,000-square-meter expansion parcel to develop up to 180 megawatts of IT capacity. These investments aim to enhance digital transformation capabilities and strengthen Interxion's market position in Europe.

Digital Realty (NYSE: DLR) has announced its intention to redeem all outstanding 3.625% notes due 2022 and 3.950% notes due 2022. The redemption, effective August 3, 2020, includes $300 million of 3.625% notes and $500 million of 3.950% notes, with a redemption price equating to par plus a make-whole premium and accrued interest. Wells Fargo Bank serves as the trustee for both note series. The company emphasized its focus on data center and interconnection solutions.

Interxion, a Digital Realty company, has opened the first phase of its MRS3 data centre in Marseille, enhancing connectivity in a key digital hub. The facility is located in a former WWII submarine base and offers 2,300 square metres of IT space. With plans to expand to 16.5 megawatts and approximately 7,100 square metres, MRS3 benefits from 100% renewable energy and unique cooling sourced from local mines. This development is expected to boost Marseille’s position as a leading Internet hub, aiming to enter the top five globally.