Digital Realty Trust, Inc. - DLR STOCK NEWS

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.

Digital Realty (NYSE: DLR) has launched ServiceFabric™ Connect, the largest open fabric-of-fabrics designed to facilitate a data-centric architecture transition for customers. This interconnectivity solution supports businesses in unlocking trapped data value by integrating network and cloud connectivity across 61 sites in 32 metro markets worldwide. The initiative is part of Digital Realty's vision to tackle Data Gravity and enhance hybrid IT solutions. The company emphasizes collaboration with partners like Megaport and Zayo to advance innovative, secure interconnection services.

Digital Realty (NYSE: DLR) will release its second quarter 2022 financial results after the market closes on July 28, 2022. A conference call is scheduled for 5:30 p.m. ET on the same day to discuss the results. Investors can participate by calling +1 (888) 317-6003 (domestic) or +1 (412) 317-6061 (international) and referencing conference ID #6453950. The live webcast of the call will be available on the company's website, with replays accessible until August 28, 2022.

Digital Realty has published its fourth annual ESG Report, highlighting significant advancements in sustainability. The company has reached one gigawatt of IT capacity certified under sustainable standards and achieved 64% global renewable energy coverage, marking a 14% increase from the prior year. With 100% renewable energy usage across the U.S. and European colocation portfolios, Digital Realty's efforts include 118 megawatts of new renewable energy contracts. The company is committed to reducing Scope 1, 2, and 3 emissions by 2030, reflecting its leadership in sustainable data center operations.

Digital Realty (NYSE: DLR) has launched Data Hub featuring HPE GreenLake Colocation on PlatformDIGITAL®, enabling enterprises to manage data efficiently. This solution helps organizations unlock value and innovate in a secure environment. By 2025, data generation is projected to reach 463 exabytes daily, necessitating decentralized IT models. Digital Realty emphasizes its commitment to sustainability with 100% clean energy usage across its US and European facilities, addressing the growing challenges posed by Data Gravity.

DE-CIX Dallas has marked an advancement in its partnership with Digital Realty (NYSE: DLR) by installing a switch at 2323 Bryan Street, Dallas, Texas. This upgrade allows seamless access to DE-CIX Dallas, significantly enhancing capacity for networks in the region. The Dallas market, recognized as the fourth largest multi-tenant data center market in North America, has experienced over a 11% growth in size for two consecutive quarters in 2022, driven by hyperscale demand.

DE-CIX Dallas is now among the top 20 largest Internet Exchanges in the U.S.

Digital Realty (NYSE: DLR) has announced a joint venture with Mivne Real Estate to develop a multi-tenant data center campus in Israel, marking its entry into the Israeli market. This initiative strengthens Digital Realty's leadership in the Mediterranean region, expanding its presence in cities like Athens, Barcelona, and Marseille. The new data center is expected to support up to 20 megawatts of IT load and is anticipated to begin delivering services in 2023, driven by customer demand. The partnership aims to leverage Israel's growing digital infrastructure and tech innovation landscape.

Digital Realty has announced its annual conference, MarketplaceLIVE 2022, themed 'The Crossroads of the Digital World: Possibilities of a World That Defies Data Gravity.' Scheduled for June 13-15, 2022, the event will occur both in-person in New York and virtually. Highlights include keynotes from industry leaders and the first virtual technical user conference, DigitalCON. Attendees will explore data-driven opportunities and solutions to IT challenges. The event aims to inspire and foster collaboration among customers, partners, and technology leaders.