Digital Realty Trust, Inc. - DLR STOCK NEWS

Digital Realty (DLR) reported strong financial results for Q3 2022, with net income available to common stockholders rising to $0.75 per share, up from $0.44 in Q3 2021. The company generated revenues of $1.2 billion, reflecting a 5% increase year-over-year. Funds from operations (FFO) per share remained stable at $1.55, while Core FFO per share slightly increased to $1.67. Digital Realty also signed new leases expected to yield $176 million in annualized GAAP rental revenue. The company updated its Core FFO outlook for 2022 to a range of $6.70-$6.75, indicating continued growth amidst rising demand for data center solutions.

Digital Realty (NYSE: DLR), a leading global provider of data center solutions, announces its financial results for the third quarter of 2022 will be released on October 26, 2022, after market closure. A conference call to discuss the results is scheduled for 5:00 p.m. ET on the same day. Interested participants can join by phone or via a live webcast on the company’s investor relations page. Digital Realty operates over 300 data center facilities globally, addressing the growing demand for data solutions.

Digital Realty (NYSE: DLR) announced a public offering of $550 million in 5.550% notes due January 15, 2028. These senior unsecured notes, priced at 99.918% of par value, will be fully guaranteed by Digital Realty Trust, Inc. The net proceeds will be used for various purposes, including repaying borrowings under credit facilities, acquiring properties, funding development, and working capital. BofA Securities and SMBC Nikko are the joint managers for this offering, which follows an effective shelf registration statement with the SEC.

Digital Realty (NYSE: DLR) announced a quarterly cash dividend for the third quarter of 2022. The cash dividend for common stock is set at $1.22 per share, with a record date of September 15, 2022, payable on September 30, 2022. Additionally, dividends for preferred stocks include $0.328125 for Series J, $0.365625 for Series K, and $0.325000 for Series L, all with the same record and payment dates. This declaration reflects Digital Realty's commitment to returning value to shareholders.

Digital Realty (DLR) has announced the sale of a non-core data center property for approximately $205 million, which is expected to generate a cash net operating income of $10.7 million in 2022. This transaction, reflecting a 5.2% cap rate, allows the company to recycle capital from a mature asset to fund future investments aimed at enhancing growth. Since 2018, Digital Realty has sold around $4 billion in assets to reinvest in connected facilities globally. The deal is expected to close in Q3 2022, pending customary conditions.

Digital Realty, a global leader in data center solutions, has successfully completed its acquisition of a majority stake in Teraco, South Africa's top carrier-neutral data center provider. Valued at approximately $3.5 billion, this strategic acquisition enhances Digital Realty's presence in Africa, expanding its market reach to include South Africa alongside existing operations in Kenya, Mozambique, and Nigeria. The deal is expected to strengthen Digital Realty's connectivity capabilities, responding to growing demand for data center services in the rapidly evolving African digital economy.

Digital Realty (NYSE: DLR) announced its second quarter 2022 financial results, reporting a net income of $53.2 million, or $0.19 per share, a decline from $0.45 in Q2 2021. Funds from Operations (FFO) per share decreased to $1.55 from $1.78 year-over-year, while Core FFO improved to $1.72 from $1.54. Revenues reached $1.1 billion, up 4% year-over-year. The company signed bookings expected to generate $113 million in annualized rental revenue. They updated their 2022 Core FFO guidance to $6.75-$6.85 per share.

Interxion: A Digital Realty Company (NYSE: DLR) has launched Oracle Cloud Infrastructure services in the new Paris Cloud Region within the Interxion Paris Digital Park. This development supports companies' digital transformation while minimizing environmental impact. The Paris region is Oracle's 38th worldwide and follows the opening of its first cloud region in Marseille. This expansion is a response to growing demand for hybrid cloud solutions among public sector entities and businesses. Collaboratively, Oracle and Interxion prioritize sustainability, with Oracle's goal of 100% renewable energy by 2025.