Welcome to our dedicated page for Digital Rlty Tr news (Ticker: DLR), a resource for investors and traders seeking the latest updates and insights on Digital Rlty Tr stock.
Digital Realty develops and operates a global cloud- and carrier-neutral data center platform for colocation, interconnection, hyperscale deployments and enterprise data infrastructure. Company updates commonly cover PlatformDIGITAL, Pervasive Datacenter Architecture, data-center capacity, customer connectivity, operating workforce development and the infrastructure needs tied to cloud, AI and data-intensive applications.
Recurring news themes also include financial results, capital-structure activity, private-capital funding for hyperscale data centers, strategic fund management, and geographic expansion across major data-center markets. Recent company announcements have addressed U.S. hyperscale data center funding and new or expanded market presence in Southern Europe and the Mediterranean region.
Digital Realty (DLR) announced on Nov. 18, 2021, that the board has authorized quarterly cash dividends. For common stockholders, a cash dividend of $1.16 per share will be paid on January 14, 2022, to those on record by December 15, 2021. Additionally, dividends for preferred stock include $0.328125 for Series J, $0.365625 for Series K, and $0.325000 for Series L, all payable on December 31, 2021. These dividends reflect Digital Realty's commitment to returning value to shareholders.
Avnet (Nasdaq: AVT) has partnered with Digital Realty (NYSE: DLR) to provide innovative video broadcast solutions aimed at enhancing enterprise capabilities. Their first offering features 3rd Gen AMD EPYC servers integrated with Xilinx U30 FPGA accelerator cards, designed for high-performance, cloud-based video streaming. This collaboration enables organizations to easily benchmark and deploy solutions without upfront infrastructure costs, targeting various sectors including telemedicine and digital content distribution. The service emphasizes cost-effectiveness and performance, supporting the growing demand for digital video services.
Digital Realty and Ciena have announced a significant partnership to enhance interconnectivity across Asia Pacific. This collaboration focuses on integrating Ciena's Data Center Interconnect (DCI) solutions into Digital Realty's PlatformDIGITAL®. It aims to facilitate customers' digital transformation by addressing data gravity challenges and expanding connectivity options in major markets like Tokyo, Osaka, Singapore, Hong Kong, and Sydney. The initiative supports the increasing demand for digital infrastructure driven by rising bandwidth requirements.
Digital Realty (NYSE: DLR) announced leadership changes on November 1, 2021, appointing Andrew P. Power as President while retaining his role as Chief Financial Officer. Erich J. Sanchack has been named Chief Operating Officer, reporting to Power. CEO A. William Stein expressed confidence that these changes will enhance competitive advantages and drive future growth, emphasizing a strengthened operational and strategic focus.
Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) announced the appointment of four independent directors following its $200 million IPO on October 26, 2021. The board aims to enhance value for potential target companies. New directors include Steve Norris, Florian Wolf, John Doherty, and Jeff Foster, bringing extensive experience in transportation, investment banking, and corporate development. Chairman Dr. Sir Ralf Speth emphasized the importance of a structured organization to attract innovative businesses in the next-generation transportation sector, particularly in Europe.
Digital Realty (DLR) reported a strong third quarter of 2021, with net income of $124 million, or $0.44 per diluted share, compared to a loss of ($0.14) in 3Q20. Total revenue increased by 11% year-over-year to $1.1 billion. Funds from operations (FFO) per share rose to $1.54, a significant increase from $1.19 in the previous year. The company raised its core FFO per share outlook to $6.50-$6.55. Additionally, Digital Realty signed new leases expected to generate $113 million in annual GAAP rental revenue, highlighting robust leasing activity.
Digital Realty (NYSE: DLR) and Pembani Remgro Infrastructure Fund have formed a joint venture to acquire Medallion Data Centres, Nigeria's top colocation and interconnection provider.
Medallion operates data centers in Lagos and Abuja, with Lagos being a major connectivity hub in West Africa. This acquisition supports Digital Realty's expansion in Africa, as the continent's internet economy is expected to grow from $115 billion in 2020 to $180 billion by 2025. The deal also includes land for future expansion near the Lagos facility.
Digital Realty (NYSE: DLR) announced a strategic investment in AtlasEdge Data Centres, enhancing its edge data center capabilities in Europe. Effective January 2022, Giuliano Di Vitantonio will transition to CEO of AtlasEdge from Digital Realty. The investment aims to meet the increasing demand for localized, low-latency digital infrastructure across Europe, as AtlasEdge operates over 100 facilities positioned for cloud providers, gaming, and IoT services. The transaction is expected to close by year-end 2021.
Digital Realty (DLR) announced it will release its third quarter 2021 financial results on October 26, 2021, after market close. A conference call to discuss these results will be held at 5:30 p.m. EDT. Investors can join the call by dialing +1 (888) 317-6003 for domestic or +1 (412) 317-6061 for international participants. A live webcast will also be available on the company's investor relations website.
Digital Realty operates 291 facilities in 47 metros across 24 countries, providing robust data center solutions.
Digital Realty (NYSE: DLR) has officially closed its joint venture with Brookfield Infrastructure (NYSE: BIP) in India, receiving all necessary regulatory approvals. This collaboration aims to expand Digital Realty's PlatformDIGITAL® in India, catering to the growing data center market. The newly appointed CEO, Seema Ambastha, brings over 30 years of IT experience. Brookfield Infrastructure's data assets, valued at $23 billion, will support this initiative, targeting expansion from 139,000 to 175,000 telecom towers in India. This strategic move is expected to enhance the digital ecosystem in the region.