Digital Rlty Tr Inc Stock Price, News & Analysis

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.

On June 9, 2022, Fiber Sense Limited announced the appointment of Chris Sharp, CTO of Digital Realty (DLR), as a Non-Executive Director and Co-Chair of its Board. Sharp brings extensive experience from leading technology teams in top data center companies, including Equinix and Qwest. His expertise in technology strategies and infrastructure improvements is expected to guide FiberSense during its growth phase. FiberSense specializes in leveraging fiber optic cables for sensing and monitoring applications, aimed at enhancing asset protection services.

Digital Realty (NYSE: DLR) appointed Mary Hogan Preusse as Chairman of the Board, effective August 2022, succeeding Laurence Chapman, who will remain on the Board. Hogan Preusse, an experienced director since April 2017, aims to enhance Digital Realty's governance and accelerate growth in the data center sector amid digital transformation. Chapman praised her strategic role in expanding the company. The transition reflects a balance of fresh leadership and continuity as the firm aims to strengthen its global platform.

Digital Realty (NYSE: DLR) announced a quarterly cash dividend for its common and preferred stock for Q2 2022. Common stockholders will receive $1.22 per share, payable on June 30, 2022, to those on record as of June 15, 2022. Preferred stock dividends include $0.328125 for Series J, $0.365625 for Series K, and $0.325000 for Series L, all also payable on June 30, 2022. The dividends reflect the company’s commitment to returning income to shareholders while maintaining a strong financial position.

Digital Realty has announced contracts for 158 megawatts (MW) of new solar power in California and Georgia, advancing its goal of 100% renewable energy. The agreement includes a 12-year commitment for a 130 MW solar project in Kern County, California, expected to be completed in late 2022, and participation in Georgia Power's program to procure 28 MW for its Atlanta data center portfolio by 2024. The company has also been recognized by the U.S. EPA and DOE for its sustainability efforts, including achieving ENERGY STAR certification for 34 data centers, helping to significantly reduce carbon emissions.

Digital Realty (DLR) announced its Q1 2022 financial results, reporting a net income of $63.1 million, or $0.22 per diluted share, a significant decrease from $1.32 per share in Q1 2021. Revenue increased to $1.1 billion, up 3% year-over-year. Funds from operations (FFO) per share rose to $1.60, while core FFO remained stable at $1.67. The company signed bookings expected to generate $167 million in annualized GAAP rental revenue. Digital Realty reiterated its core FFO outlook for 2022 at $6.80-$6.90. Total debt stood at approximately $14.4 billion, with a net debt-to-adjusted EBITDA of 6.3x.