Digital Rlty Tr Inc Stock Price, News & Analysis

On Sept. 28, 2020, Digital Realty released its Data Gravity Index report, identifying data gravity as a significant trend affecting enterprises. The study forecasts that data gravity will double annually through 2024, impacting data management and compliance for global enterprises. Aon plc's insights emphasize the challenges data gravity poses for innovation and operational efficiency. Key findings include a projected data creation rate of 1.1 million gigabytes per second by 2024 and a need for strategic IT infrastructure to manage the complexities of data gravity.

Digital Realty (NYSE: DLR) announced the pricing of €750 million of 1.00% Guaranteed Notes due 2032 and €300 million of Floating Rate Guaranteed Notes due 2022. The Euro Notes are secured by guarantees from Digital Realty and its operating partnership. The 2032 Notes interest of 1.00% is payable annually from September 23, 2020, while the 2022 Notes, based on EURIBOR plus 0.48%, will pay interest quarterly starting December 23, 2020. The proceeds will finance green projects and repay existing debt. Closing is expected on September 23, 2020.

Digital Realty (NYSE: DLR) has announced its intention to redeem all outstanding 4.750% Guaranteed Notes due 2023, with a redemption date set for October 14, 2020. The redemption price includes par value, a make-whole premium, and accrued interest. Currently, £300,000,000 of these notes are outstanding. Deutsche Trustee Company Limited acts as the trustee, while Deutsche Bank AG, London Branch, serves as the paying agent. This move is part of Digital Realty's broader strategies to enhance its financial positioning in the data center sector.

Interxion: A Digital Realty Company (NYSE: DLR) has acquired Altus IT, the leading carrier-neutral data centre provider in Croatia. This acquisition enhances Digital Realty's footprint in southeast Europe, providing access to over 100 customers and 50 connectivity providers, including tier-one carriers. Altus IT's data centre is strategically positioned for interconnection with global cloud providers, supporting Digital Realty's expansion of its PlatformDIGITAL™. CEO Goran Đoreski will continue leading the Croatian operation, driving growth and improved service quality for customers.

Digital Realty (NYSE: DLR) announced an expansion of its One Century Place facility in Toronto on August 25, 2020, adding 6,000 square feet and 1,500 kilowatts of colocation capacity. This move aims to meet the increasing demand from technology and data-centric businesses. The expansion will enhance connectivity and support digital transformation initiatives, leveraging IBM's Direct Link 2.0 for improved access to cloud services. With over 20 megawatts currently in operation and plans for 60 megawatts at full build-out, Toronto is positioned as a critical technology hub in North America.

Digital Realty (NYSE: DLR) is expanding its renewable energy capacity in Dallas, Texas, by entering a long-term power purchase agreement for solar energy from Pattern Energy's Phoenix Solar Project. The agreement, which will power 70% of Digital Realty's Greater Dallas portfolio, is expected to generate approximately 160,000 megawatt-hours per year. Additionally, the company is enhancing its 2323 Bryan Street data center to meet rising connectivity demands. This continuous investment in sustainable energy aligns with its commitment to reducing carbon emissions.

Digital Realty (NYSE: DLR) announced on August 11, 2020, its board of directors authorized quarterly cash dividends for common and preferred stock for Q3 2020. Shareholders of common stock will receive a dividend of $1.12 per share, payable on September 30, 2020. Preferred stock dividends include $0.414063 for Series C, $0.367188 for Series G, $0.328125 for Series J, $0.365625 for Series K, and $0.325000 for Series L, all of which will be paid on the same date to shareholders of record on September 15, 2020.

Digital Realty (NYSE: DLR) reported its Q2 2020 financial results, showing a revenue of $993 million, a 21% increase from Q1 and 24% year-over-year. Net income available to common stockholders rose to $0.20 per share. However, core FFO per share decreased 6% year-over-year to $1.54. The company raised its 2020 core FFO outlook to $6.00-$6.10. Total signed bookings for the quarter are expected to generate $144 million in annualized GAAP rental revenue, with significant contributions from Interxion. Digital Realty remains operational amid COVID-19, prioritizing health and safety.

Digital Realty (NYSE: DLR) announced a significant collaboration with NVIDIA and Core Scientific, deploying the first AI-ready Data Hub using NVIDIA DGX A100 technology at its Interxion Digital Docklands Campus in London. This initiative aims to enhance digital transformation, providing customers with a platform to rapidly deploy AI models. Digital Realty, the first to earn NVIDIA DGX-Ready Data Center certification, expands its AI infrastructure to support businesses in optimizing data workflows and driving enterprise innovations.