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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
Digital Realty (NYSE: DLR) has announced its board of directors authorized quarterly cash dividends for common and preferred stock for Q1 2023. The cash dividend for common stock is set at $1.22 per share for stockholders of record by March 15, 2023, with a payment date of March 31, 2023. Preferred shareholders will receive the following dividends: $0.328125 for Series J, $0.365625 for Series K, and $0.325000 for Series L, also payable on March 31, 2023. This decision demonstrates the company's commitment to returning value to its shareholders through consistent dividend payments.
Digital Realty (NYSE: DLR) reported mixed financial results for Q4 2022, with a net loss of $0.02 per share, a drastic drop from $3.71 in Q4 2021. Revenue reached $1.2 billion, reflecting an 11% year-over-year increase. Funds from Operations (FFO) per share fell to $1.45, compared to $1.54 in the same quarter last year. The company signed bookings expected to generate $117 million in GAAP rental revenue and introduced a 2023 Core FFO per share outlook of $6.65 - $6.75. Digital Realty also engaged in strategic transactions, including a $596 million facility sale in Frankfurt and acquiring sites for future development.
Digital Realty has announced the availability of a new AWS Direct Connect on-ramp at its Ashburn campus, expanding customer access to AWS services. This addition allows customers to place hybrid IT workloads locally, reducing latency and optimizing performance. With this enhancement, PlatformDIGITAL® now features 16 AWS Direct Connect locations globally, enabling secure, low-latency connectivity to AWS. Customers can utilize Digital Realty's ServiceFabric™ for hosted connections from nearly 100 data centers. This strategic move enhances Digital Realty's offerings in the competitive cloud service market.
Digital Realty (NYSE: DLR) has entered a 10-year power purchase agreement (PPA) with ENGIE for a 116 MW share of a new 154 MW solar park in Brandenburg, Germany. The project aims to support the growth of renewable energy, with an expected output of 120 GWh annually. Scheduled to begin operations in late 2023, this venture manifests Digital Realty's commitment to sustainability, as they have achieved 100% renewable energy in their European portfolio. Additionally, they have set ambitious carbon emission reduction targets, striving to cut Scope 1 and 2 emissions by 68% by 2030.
Digital Realty (NYSE: DLR) has announced the deployment of points of presence (PoPs) by Hurricane Electric in Singapore, Hong Kong, and Sydney. This collaboration enhances customer access to Hurricane Electric's high-speed IP transit network, aimed at reducing latency and improving data flow efficiency. The Asia Pacific region is rapidly growing in data center colocation, driven by increasing demand for online content. The Data Gravity Index report indicates significant growth in data gravity intensity through 2024. This development is expected to support customers in overcoming challenges related to data management and connectivity.
Digital Realty announced a strengthened partnership with Hivelocity, adopting the ServiceFabric™ orchestration platform. This collaboration allows Hivelocity access to cloud and data center services across 10 global sites in locations like Atlanta, Miami, and Frankfurt. ServiceFabric™ enhances Hivelocity's ability to provide hybrid IT solutions and connectivity, crucial for modern data-centric architectures. Digital Realty has over 300 facilities worldwide, supporting diverse customer needs and streamlining data services.
Digital Realty (NYSE: DLR) announced it will release its fourth quarter 2022 financial results on February 16, 2023, after market close. A conference call will follow at 5:00 p.m. EST to discuss the results. Investors can join the call by dialing +1 (888) 317-6003 for domestic callers or +1 (412) 317-6061 for international callers, using conference ID #6468514. Replays of the call will be available until March 16, 2023. Digital Realty operates over 300 data centers globally, providing colocation and interconnection solutions.
Digital Realty (NYSE: DLR) announced the appointment of Matt Mercier as its new Chief Financial Officer, effective January 1, 2023. He succeeds Andrew Power, who transitioned to Chief Executive Officer. Mercier, who joined the company in 2006, previously served as Senior Vice President Global Finance & Accounting. His extensive experience includes roles in corporate planning and capital markets. Andrew Power expressed confidence in Mercier's leadership for executing the company's strategic growth and financial plans, especially in expanding PlatformDIGITAL.
Digital Realty has announced the immediate appointment of Andrew P. Power as its new CEO, succeeding Bill Stein, who will remain with the company until year-end. Power, who previously served as President and CFO, has been with Digital Realty since 2015 and played a critical role in enhancing the company’s financial flexibility and global data center operations. Chairman Mary Hogan Preusse praised Power's vision and track record, expressing confidence in his leadership during the digital transformation of the company.
Digital Realty (NYSE: DLR) has authorized quarterly cash dividends for the fourth quarter of 2022. Shareholders of common stock will receive $1.22 per share, payable on January 13, 2023, to those on record by December 15, 2022. Additionally, the Series J, K, and L preferred stockholders will receive dividends of $0.328125, $0.365625, and $0.325000 per share respectively, all payable on December 30, 2022. This announcement reflects the company's ongoing commitment to returning value to shareholders.
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