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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
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Digital Realty (NYSE: DLR) authorizes quarterly cash dividends for common and preferred stock for the fourth quarter of 2023, with a cash dividend of $1.22 per common share and varying amounts for preferred stock. The common stock cash dividend will be paid on January 19, 2024, and the preferred stock dividends will be paid on December 29, 2023.
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Digital Realty (NYSE: DLR) has been awarded the Nareit 'Leader in the Light' award for data center sustainability for the seventh consecutive year. The company's Vice President, Sustainability, Aaron Binkley, will also be stepping into the Vice Chair role for the Nareit Real Estate Sustainability Committee (RESC) beginning in 2024. The award recognizes Digital Realty for its exemplary sustainability practices and commitment to minimizing its impact on the environment. Recent accolades include ranking No. 9 on the U.S. Environmental Protection Agency's National Top 100 List of the largest green power users, remaining ahead of schedule to meet its emissions reduction targets, and achieving five-9's of uptime across its global portfolio in 2022.
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Realty Income Corporation (NYSE: O) Acquires 80% Equity Interest in Two Data Centers in Northern Virginia, with Up to 48 Megawatts of Potential IT Load
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Digital Realty (NYSE: DLR) named Leader in IDC MarketScape: Worldwide Datacenter Services 2023 Vendor Assessment for the third time, recognized for brand strategy, high-density colocation services, extensive global footprint and portfolio, sustainable facilities, interconnection services, and cloud and Hybrid IT solutions.
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Digital Realty announced the availability of a new AWS Direct Connect on-ramp at its ICN10 data center in Seoul. This allows customers to access AWS services through a single cross connect or Digital Realty's ServiceFabric platform. The connection provides improved performance for hybrid architecture solutions with low-latency, secure, and cost-efficient connectivity to AWS. South Korea's significance as a data center hub is growing, and the country is projected to invest $2.9 billion in AI solutions by 2026. With the addition of Seoul, Digital Realty now hosts 17 AWS Direct Connect cloud on-ramps globally.
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Digital Realty raises $220 million in net proceeds through agreements with Brookfield Infrastructure Partners and Cyxtera Technologies. The agreements include the sale of Digital Realty's interest in four data centers, the buyout of Cyxtera's leases in three colocation data centers, and the repayment of debt. The transactions are expected to result in $0.02 per share of annualized Core Funds from Operations dilution in the first year, with upside anticipated in the following years. The deals are set to close in early 2024.
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Digital Realty reports financial results for Q3 2023, with net income of $2.33 per share and FFO per share of $1.55. Leasing activity generates $152 million of annualized GAAP rental revenue. The company narrows its Core FFO per share outlook to $6.58 - $6.62 for 2023.
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Digital Realty (NYSE: DLR) to release Q3 2023 financial results on October 26, 2023.
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Digital Realty to offer connectivity to Oracle EU Sovereign Cloud via OCI FastConnect, providing secure and reliable connectivity to Frankfurt and Madrid regions. Customers can interconnect their Oracle EU Sovereign Cloud-based applications to other cloud platforms. Oracle EU Sovereign Cloud offers OCI's public cloud services with data privacy and sovereignty control. Digital Realty's ServiceFabric™ extends access to Oracle EU Sovereign Cloud globally. Positive for Digital Realty and Oracle as it supports hybrid multicloud solutions and enables seamless interconnection.
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Digital Realty ranks 9th on EPA's National Top 100 List of largest green power users, 7th on tech and telecom list.
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FAQ
What is the current stock price of Digital Realty Trust (DLR)?
The current stock price of Digital Realty Trust (DLR) is $179.67 as of November 15, 2024.
What is the market cap of Digital Realty Trust (DLR)?
The market cap of Digital Realty Trust (DLR) is approximately 59.5B.
What does Digital Realty Trust, Inc. do?
Digital Realty Trust, Inc. provides cloud- and carrier-neutral data center, colocation, and interconnection solutions globally.
How many data centers does Digital Realty own?
Digital Realty owns and operates over 300 data centers worldwide.
What is PlatformDIGITAL®?
PlatformDIGITAL® is Digital Realty's global data center platform offering a secure data meeting place and solutions for managing data challenges.
What industries does Digital Realty serve?
Digital Realty serves a variety of industries including IT, internet enterprises, manufacturing, and financial services.
What recent partnerships has Digital Realty formed?
Digital Realty has recently partnered with Realty Income Corporation and Blackstone Inc. for data center developments in Northern Virginia, Frankfurt, and Paris.
What are cold shells in the context of Digital Realty's services?
Cold shells are large, power-connected spaces provided by Digital Realty where hyperscale cloud service providers can rent much or all of a building.
What financial results did Digital Realty report for Q4 2023?
Digital Realty reported revenues of $1.4 billion and adjusted EBITDA of $700 million for Q4 2023.
What is Digital Realty's approach to leasing?
Digital Realty offers both new leases and renewals, with significant contributions from colocation and interconnection services.
How does Digital Realty support innovation?
Digital Realty supports innovation through its global platform, PlatformDIGITAL®, and solutions like the Pervasive Datacenter Architecture (PDx®).
What is the significance of Digital Realty's REIT status?
As a real estate investment trust (REIT), Digital Realty provides shareholders with income distributions and operates under specific regulatory frameworks beneficial for real estate investments.
Digital Realty Trust, Inc.
NYSE:DLR
DLR Rankings
DLR Stock Data
59.51B
331.71M
0.13%
100.39%
2.38%
REIT - Specialty
Real Estate Investment Trusts
United States of America
AUSTIN