Digital Rlty Tr Inc Stock Price, News & Analysis

Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center solutions, has announced its quarterly dividend distributions for Q1 2025. The company's board has authorized:

• Common stock dividend of $1.22 per share
• Series J Preferred Stock dividend of $0.328125 per share (5.250%)
• Series K Preferred Stock dividend of $0.365625 per share (5.850%)
• Series L Preferred Stock dividend of $0.325000 per share (5.200%)

All dividends will be paid on March 31, 2025, to stockholders of record as of March 14, 2025.

Digital Realty (NYSE: DLR) has appointed Paula Cogan as Managing Director, Head of EMEA, effective March 17, 2025. Cogan will lead Digital Realty's EMEA operations, focusing on expanding the region's data center platform and enhancing PlatformDIGITAL™.

Cogan brings over 20 years of European telecommunications and infrastructure experience, most recently serving as CEO of euNetworks. She previously held executive positions at Colt Technology Services and Verizon. Based in London, she will succeed Michel van den Assem, who is retiring after more than 20 years with the company.

Digital Realty currently operates over 120 data centers across 26 metros in the EMEA region, serving clients ranging from major hyperscalers to smaller enterprises. The company aims to strengthen its customer value proposition through optimized connectivity and performance solutions.

Digital Realty (NYSE: DLR) reported its Q4 2024 financial results, showing significant improvements year-over-year. The company's net income available to common stockholders increased to $0.51 per share in Q4 2024, up from $0.03 in Q4 2023. Core FFO per share rose to $1.73 from $1.63 year-over-year.

The company generated $1.4 billion in revenues, a 5% increase from the previous year. Q4 bookings totaled $100 million in annualized GAAP rental revenue, including a record $76 million from the 0-1 megawatt plus interconnection category. Rental rates on renewal leases increased by 4.7% on a cash basis.

Digital Realty introduced its 2025 Constant-Currency Core FFO per share outlook of $7.05-$7.15. The company's backlog of signed-but-not-commenced leases stood at $797 million of annualized GAAP base rent at quarter-end.

Digital Realty (NYSE: DLR) has released its tax treatment details for 2024 dividends across its common and preferred stock series. The company's 2024 taxable dividend of $4.495471 per share for common stock comprises 77% ordinary income ($3.450878) and 23% capital gain distribution ($1.044593).

The dividend structure includes portions of four quarterly distributions: one from 2023 (paid January 2024) and three declared and paid in 2024. Each quarterly distribution amounts to $1.22 per share. For preferred stock, Series J reported $1.312500 per share, Series K $1.462500 per share, and Series L $1.300000 per share, all following a similar 77% ordinary income and 23% capital gain distribution pattern.

Digital Realty (NYSE: DLR) announced the pricing of €850 million aggregate principal amount of 3.875% Guaranteed Notes due 2035. The notes, issued by Digital Dutch Finco B.V., a subsidiary of Digital Realty Trust, L.P., are priced at 99.343% of the principal amount.

These senior unsecured obligations will be fully and unconditionally guaranteed by Digital Realty and its operating partnership. Interest is payable annually at a rate of 3.875% starting January 14, 2025, with maturity on March 15, 2035. The offering is expected to close on January 14, 2025, pending customary closing conditions.

The proceeds will be used to repay borrowings under the global revolving credit facilities, acquire properties or businesses, fund development opportunities, invest in interest-bearing accounts and securities, and for general corporate purposes, including possibly repaying other debt or repurchasing securities.

The notes are being sold outside the U.S. under Regulation S of the U.S. Securities Act of 1933 and are not registered for sale within the U.S.

Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center solutions, has scheduled its fourth quarter 2024 earnings release for Thursday, February 13, 2025, after market close. The company will host a conference call at 5:00 p.m. ET / 4:00 p.m. CT on the same day.

Investors can participate by dialing +1 (888) 317-6003 (domestic) or +1 (412) 317-6061 (international) with conference ID #5600611. A live webcast will be available on Digital Realty's investor website. Both telephone and webcast replays will be accessible until March 13, 2025, with the replay available at +1 (877) 344-7529 (domestic) or +1 (412) 317-0088 (international) using conference ID #3368293.

Digital Realty (NYSE: DLR) has received the Nareit 'Leader in the Light' award for data center sustainability for the eighth consecutive year. The company's Vice President of Sustainability, Aaron Binkley, has been appointed as Chair of the Nareit Real Estate Sustainability Council for 2025. Digital Realty continues to demonstrate its environmental leadership with over 150 data centers worldwide now matched with 100% renewable electricity and 1.5 gigawatts of renewable energy under contract. Recent achievements include commencing a 120-megawatt solar plant in South Africa, receiving SDEA Gold+ certification in Switzerland, and completing an €850 million green notes sale.

Digital Realty (NYSE: DLR) has announced a strategic partnership with OVHcloud to integrate the European cloud provider into its ServiceFabric™ platform. The collaboration will provide enterprises with secure, high-performance cloud solutions featuring private connectivity across private, hybrid, and public cloud environments. The integration enables direct access to OVHcloud's bare metal offerings and cloud solutions through Digital Realty's global network of 300+ data centers, bypassing public internet for enhanced security and performance. The service is immediately available for enterprises, with connectivity possible from 150+ Digital Realty locations worldwide.

Digital Realty (NYSE: DLR) has announced that its subsidiary Teraco has begun construction of a 120-megawatt utility-scale solar photovoltaic power plant in South Africa. This groundbreaking initiative marks the first instance of a global data center company owning a power plant. The facility is scheduled to start generating power in late 2026, with an output capacity equivalent to powering 110,000 South African households annually.

The project strengthens Digital Realty's commitment to sustainability, with over 150 of its data centers already operating on 100% renewable electricity. Combined with existing agreements, the company will have more than 1.5 gigawatts of contracted solar and wind capacity, reinforcing its position as a leader in sustainable data center solutions.