Digital Realty Trust, Inc. Declares Second Quarter Common and Preferred Stock Dividends
SAN FRANCISCO, May 5 /PRNewswire-FirstCall/ — Digital Realty Trust,
Inc. (NYSE: DLR), a leading owner and manager of corporate datacenters and
Internet gateways, today announced that its Board of Directors has declared
quarterly common and preferred stock dividends for the second quarter of
2008.
Common Stock Dividend
Digital Realty Trust’s Board of Directors declared a quarterly common
stock dividend of $0.31 per share to common stockholders of record as of
the close of business on June 16, 2008 that will be paid on June 30, 2008.
Series A Cumulative Redeemable Preferred Stock Dividend
The Company’s Board of Directors declared a quarterly preferred stock
dividend of $0.53125 per share to holders of record of the Company’s 8.50%
Series A Cumulative Redeemable Preferred Stock as of the close of business
on June 16, 2008. The series A cumulative redeemable preferred stock
dividend will be paid on June 30, 2008.
Series B Cumulative Redeemable Preferred Stock Dividend
The Company’s Board of Directors declared a preferred stock dividend of
$0.492188 per share to holders of record of the Company’s 7.875% Series B
Cumulative Redeemable Preferred Stock as of the close of business on June
16, 2008. The series B cumulative redeemable preferred stock dividend will
be paid on June 30, 2008.
Series C Cumulative Convertible Preferred Stock Dividend
The Company’s Board of Directors declared a preferred stock dividend of
$0.273438 per share to holders of record of the Company’s 4.375% Series C
Cumulative Convertible Preferred Stock as of the close of business on June
16, 2008. The series C cumulative convertible preferred stock dividend will
be paid on June 30, 2008.
Series D Cumulative Convertible Preferred Stock Dividend
The Company’s Board of Directors declared a preferred stock dividend of
$0.34375 per share to holders of record of the Company’s 5.500% Series D
Cumulative Convertible Preferred Stock as of the close of business on June
16, 2008. The series D cumulative convertible preferred stock dividend will
be paid on June 30, 2008.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, redevelops, develops and
manages technology-related real estate. The Company is focused on providing
Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions
for domestic and international tenants across a variety of industry
verticals ranging from information technology and internet enterprises, to
manufacturing and financial services. Digital Realty Trust’s 71 properties,
excluding one property held as an investment in an unconsolidated joint
venture, contain applications and operations critical to the day-to-day
operations of technology industry tenants and corporate enterprise
datacenter tenants. Comprising approximately 12.6 million square feet as of
April 1, 2008, including 2.0 million square feet of space held for
redevelopment, Digital Realty Trust’s portfolio is located in 26 markets
throughout Europe and North America. For additional information, please
visit Digital Realty Trust’s website at http://www.digitalrealtytrust.com.
Safe Harbor Statement
This press release contains forward-looking statements, including
statements related to the amount and timing of expected payment of
dividends on our common stock and preferred stock, which are based on
current expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to differ
materially. These risks and uncertainties include adverse economic or real
estate developments in our markets or the technology industry; our failure
to obtain necessary outside debt or equity financing; our dependence upon
significant tenants; bankruptcy or insolvency of a major tenant; downturn
of local, national or global economic conditions in our geographic markets;
our inability to comply with the rules and regulations applicable to public
companies or to manage our growth effectively; difficulty acquiring or
operating properties in foreign jurisdictions; defaults on or non-renewal
of leases by tenants; increased interest rates and operating costs;
restrictions on our ability to engage in certain business activities; risks
related to joint venture investments; decreased rental rates or increased
vacancy rates; inability to successfully develop and lease new properties
and space held for redevelopment; difficulties in identifying properties to
acquire and completing acquisitions; increased competition or available
supply of data center space; our failure to successfully operate acquired
properties; our inability to acquire off-market property; delays or
unexpected costs in development or redevelopment of properties; our failure
to maintain our status as a REIT; possible adverse changes to tax laws;
environmental uncertainties and risks related to natural disasters;
financial market fluctuations; changes in foreign currency exchange rates;
changes in foreign laws and regulations, including those related to
taxation and real estate ownership and operation; and changes in real
estate and zoning laws and increases in real property tax rates. For a
further list and description of such risks and uncertainties, see the
reports and other filings by the Company with the United States Securities
and Exchange Commission, or SEC, including the Company’s annual report on
Form 10-K for the year ended December 31, 2007, and subsequent reports on
Form 10-Q and Form 8-K filed with the SEC. The Company disclaims any
intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
For Additional Information:
A. William Stein Pamela Matthews
Chief Financial Officer and Investor/Analyst Information
Chief Investment Officer Digital Realty Trust, Inc.
Digital Realty Trust, Inc. +1 (415) 738-6500
+1 (415) 738-6500
See Also
- Cogdell Spencer Inc. Reports First Quarter 2008 Financial Results
- Healthcare Realty Trust Announces First Quarter Results
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Source: Real Estate Newswire
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