Digital Realty Trust(DLR)
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The Active Approach To Fixed Income
Seeking Alpha· 2024-08-19 18:09
Andrii Yalanskyi Fixed income is an area in which, far too often, allocation is dictated by category rather than opportunity. There are various fixed income instruments: Treasuries Munis Investment grade bonds Corporate junk bonds Preferred stock ("preferreds"). Many or even most institutions will have strict rules on where they can allocate capital. Some, such as pensions or other highly regulated capital, can only invest in investment grade or treasuries, others can only do bonds. Preferreds are frequentl ...
Digital Realty (DLR) Up 11% Year to Date: Will the Trend Last?
ZACKS· 2024-08-19 17:46
Shares of Digital Realty (DLR) have soared 11.4% in the year-to-date period compared with the industry's growth of 2.4%. The rising demand for high-performing data centers amid enterprises' growing reliance on technology and acceleration in digital transformation strategies has been one of the key forces driving the performance of data center real estate investment trusts (REITs) like Digital Realty. A solid tenant base assures stable revenues. It also carries out various development and redevelopment activ ...
Digital Realty Seems To Be Overvalued Following Q2 Earnings
Seeking Alpha· 2024-08-16 15:32
Erik Isakson Digital Realty Trust, Inc. (NYSE:DLR) has reported a positive operating performance in recent quarters, but the AI hype has pushed its valuation into questionable multiples and its income-appeal is no longer enough to buy its shares. As I've covered in previous articles, I see REIT Digital Realty as a good income pick for long-term investors. This is due to its highly recurring business profile and positive structural growth tailwinds, which bode well for its business and dividend growth over t ...
Digital Realty Declares Quarterly Cash Dividends for Common and Preferred Stock
Prnewswire· 2024-08-07 20:05
AUSTIN, Texas, Aug. 7, 2024 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today its board of directors has authorized quarterly cash dividends for common and preferred stock for the third quarter of 2024. Common Stock Digital Realty's board of directors authorized a cash dividend of $1.22 per share to common stockholders of record as of the close of business on September 13, 2024.The comm ...
3 Overrated REITs To Avoid
Seeking Alpha· 2024-08-05 12:15
OVERR NDERRATI ogichobanov Co-produced by Austin Rogers Investors are becoming interested in real estate investment trusts ("REITs") again. Since the Federal Reserve began hiking their key policy rate in early 2022, the real estate sector (VNQ) has suffered a multi-year bear market. VAL Vanguard Real Estate ETF (VNQ) Price 89.73 Effective Federal Funds Rate (I:EFFRND) 5.33% 5.33% 112.00 4.80% 104.00 4.00% 96.00 3.20% 89.73 2.40% 1.60% 80.00 72.00 0.80% 64.00 0.00% 56.00 -0.80% 2020 2021 2022 2023 2024 Seeki ...
Digital Realty Trust(DLR) - 2024 Q2 - Quarterly Report
2024-08-02 21:17
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From to . Commission file number 001-32336 (Digital Realty Trust, Inc.) 000-54023 (Digital Realty Trust, L.P.) DIGITAL REALTY TRUST, INC. DIGITAL REALTY TRUST, ...
Digital Realty's (DLR) Q2 FFO Beats Estimates, Revenues Miss
ZACKS· 2024-07-26 17:26
The company registered operating revenues of $1.36 billion in the second quarter, which missed the Zacks Consensus Estimate of $1.38 billion.DLR also reported "Same-Capital" cash net operating income (NOI) growth of 2%. Quarter in Detail In the second quarter, rental property operating expenses increased by 5.7% to $237.6 million, property taxes rose by 6.2% to $49.6 million, and interest expenses jumped by 3.3% to $114.7 million. As of Jun 30, 2024, this data center REIT had $16.3 billion of total debt out ...
Digital Realty Trust(DLR) - 2024 Q2 - Earnings Call Transcript
2024-07-26 01:42
Digital Realty Trust, Inc. (NYSE:DLR) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Jordan Sadler - SVP, Public and Private IR Andrew Power - President and CEO Matthew Mercier - CFO Christopher Sharp - Chief Technology Officer Colin McLean - Chief Revenue Officer Gregory Wright - Chief Investment Officer Conference Call Participants Richard Choe - JPMorgan Irvin Liu - Evercore ISI Michael Rollins - Citi Jonathan Atkin - RBC Jonathan Petersen - Jefferies Ari Klein - BMO Capit ...
Digital Realty Trust (DLR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-07-25 23:00
The reported revenue compares to the Zacks Consensus Estimate of $1.38 billion, representing a surprise of -1.57%. The company delivered an EPS surprise of +1.23%, with the consensus EPS estimate being $1.63. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Net Earnings per Share (Diluted): $0.20 versus $0.27 estimated by six analysts ...
Digital Realty Trust (DLR) Surpasses Q2 FFO Estimates
ZACKS· 2024-07-25 22:15
Digital Realty Trust, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $1.36 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.57%. This compares to year-ago revenues of $1.37 billion. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commen ...