CONCLUSION Digital Realty Trust Inc. (NYSE: DLR) is the largest global provider of cloud- and carrier- neutral data center, colocation and interconnection solutions with over 300 data centers in more than 50 cities worldwide serving over 5,000 customers. The Company was incorporated in 2004, and started returning capital to shareholders in the form of a quarterly cash dividend by the end of that year with a dividend of $0.156318. After consistently offering quarterly cash dividends, the board of directors has most recently authorized a quarterly cash dividend of $1.22 per share of common stock, payable on September 29th, 2023. As of June 30th, 2023, the Company had $17.2 billion in unsecured debt. Additionally, the Company aligned its ownership requirements to amend the bylaws with SEC standards. This improved Board diversity to 44% female and ethnically diverse.
Threats
Strengths
Opportunities
Weaknesses ● Ongoing at-the-money common stock primary offering ● Decreased outlook for FY23 Core FFO and constant-currency Core FFO per share quarter-over-quarter
● Competitors in data center space ● Refinancing debt during a rising interest rate environment ● Losing key partnerships with major semiconductor providers
● Strong history of a growing quarterly dividend ● Raised $3billion through capital recycling and at-the-money offering(s).
● First NVIDIA DGX H100 - ready data center ● New partnership with India’s largest private sector company (India’s goal of a $1 trillion digital economy by 2025) ● Growing AI industry and demands ● Growing cloud industries and demands
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Published by Roots Research, LLC. on September 4th, 2023
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