Digital Rlty Tr Inc Stock Price, News & Analysis

Digital Realty (NYSE: DLR) has initiated a public offering of 6,250,000 shares of its common stock, with the option to increase to 7,187,500 shares if underwriters exercise their option. Joint book-running managers include BofA Securities, Citigroup, and J.P. Morgan. Proceeds will be used to temporarily repay borrowings and fund various strategic initiatives, including property acquisitions and working capital. The company will not receive immediate proceeds from stock sold by forward sellers. The offering is part of an effective shelf registration statement filed with the SEC.

Interxion: A Digital Realty Company (NYSE: DLR) has announced the opening of its latest data centre in Paris, known as PAR12. This facility will provide up to 12 megawatts of IT load capacity across eight data halls, totaling over 690m² of colocation space. Located 30 kilometers east of Paris, PAR12 is the company’s 12th data centre in the region, aimed at enhancing connectivity for cloud service providers and enterprise customers. The facility supports improving infrastructure resilience and aligns with the projected doubling of data gravity in Paris through 2024.

On August 11, 2021, Digital Realty (DLR) announced the declaration of quarterly cash dividends for common and preferred stock for Q3 2021. The cash dividend for common stock is set at $1.16 per share, payable to shareholders of record by September 15, 2021, with payment on September 30, 2021. Additionally, dividends for preferred stock include $0.328125 (Series J), $0.365625 (Series K), and $0.325000 (Series L), all payable on the same date. This decision reflects the company's ongoing commitment to providing returns to its shareholders.

Digital Realty (NYSE: DLR) reported its Q2 2021 financial results, showing a net income of $127 million or $0.45 per diluted share, up from $0.20 in Q2 2020. FFO per share increased to $1.78, compared to $1.49 the previous year. The company signed bookings expected to generate $113 million in annualized GAAP rental revenue, with renewal leases contributing $178 million.

Although Q2 revenues remained steady at $1.1 billion, core FFO per share outlook was revised down to $6.45-$6.50 due to a $0.12 non-cash charge from UK tax rates.

Digital Realty (NYSE: DLR) has acquired land in Seoul, South Korea, to develop a new facility capable of hosting 64 megawatts of IT capacity. This facility, named Digital Seoul 2 (ICN11), will span 970,000 square feet and is projected to be operational by the first half of 2023. The new campus aims to enhance connectivity for global enterprises, supporting growth in data exchange, particularly in sectors like banking and finance. Digital Realty emphasizes its commitment to delivering carrier-neutral solutions to meet growing demand in this rapidly expanding market.

Digital Realty (NYSE: DLR) announced a new collaboration with Zayo Group Holdings to enhance interconnection and security capabilities, marking a significant step in their initiative to build the largest open fabric of interconnecting data centers. This partnership aims to advance digital transformation for multinational enterprises by aligning with their hybrid IT needs. Digital Realty's Data Gravity Index projects significant data growth, with over 620 terabytes per second anticipated by 2024 across key global locations. The initiative is poised to address the growing demand for data infrastructure.

Digital Realty (DLR) announced the completion of a CHF545 million bond offering, consisting of CHF275 million in 0.20% Swiss bonds due 2026 and CHF270 million in 0.55% Swiss bonds due 2029. The bonds are senior unsecured obligations guaranteed by Digital Realty Trust, L.P. The company plans to use the proceeds for financing green energy projects and may also allocate funds for debt repayment and general corporate purposes. The offering is only available outside the U.S., complying with Regulation S under the Securities Act.

Digital Realty and Brookfield Infrastructure have established a 50/50 joint venture named BAM Digital Realty, focusing on developing and operating data centers in India. This venture is expected to leverage India's growing demand for data services amid increasing digitization and the rollout of 5G. The partnership aims to enhance Digital Realty's PlatformDIGITAL® offering, providing scalable infrastructure for global enterprises. The venture plans to acquire land in multiple Indian metros, with completion anticipated in the second half of 2021, subject to regulatory approvals.