Shares of Digital Realty (DLR) , currently carrying a Zacks Rank #3 (Hold), have soared 9% in the year-to- date period against the industry’s decline of 8%. 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 ...

Digital Realty’s (DLR) portfolio of data centers globally is well-positioned to benefit from the growing reliance on technology and an acceleration in digital transformation strategies by enterprises. A solid tenant base assures stable revenues. It also carries out various development and redevelopment activities, which is encouraging. However, competition in its industry and high interest rate environment remain concerns. What’s Aiding it? High growth in cloud computing, the Internet of Things and Big Data ...

Artificial intelligence (AI) is Wall Street’s new obsession, with companies discussing the technology in a snowballing fashion and helping to keep market sentiment positive. Interestingly enough, there are several stocks investors can tap into for exposure, including Vertiv (VRT) , Digital Realty Trust (DLR) , and Iron Mountain (IRM) . For those interested in exposure to the technology, let’s take a closer look at each. Vertiv Vertiv provides services for data centers, communication networks, and commercial ...

Erik Isakson/DigitalVision via Getty Images Summary In our initial report on Digital Realty (NYSE:DLR), we rated the shares a Hold on valuation. We believed they were "too expensive to consider a Buy", though we acknowledged that the near-term fundamentals of the DC market were too strong to allow significant underperformance. We have updated our valuation for the recent earnings release, which saw record leasing activity and favorable pricing trends. Despite the strong quarter, and continued strength of th ...

会议主要讨论的核心内容 - 公司是一家20年历史的上市公司,是全球最大的数字基础设施、数据中心和连接基础设施的所有者和运营商,为5,000多家客户提供服务 [4] - 公司目前的三大重点是:1)加速企业客户业务的增长势头;2)在超大规模云计算和人工智能领域执行;3)优化公司的融资策略,降低财务杠杆 [5][6][9] - 数据中心行业正处于一个积极的拐点,需求持续增长,但供给受到诸多因素的限制,如电力供给、供应链等 [11][12][13] - 公司在电力供给方面采取了多种措施,包括调配现有电力资源、寻求可再生能源等,并利用自身20年的行业经验应对这一挑战 [15][16][17][19] - 行业整体价格水平有明显上涨,以北弗吉尼亚市场为例,每千瓦时价格从80-90美元上涨至150-160美元 [26][27][28] - 公司新开发项目的收益率已提升至10%以上,部分项目收益率更高 [31][32] - 人工智能需求是近期行业的一大增长点,公司在大型客户和企业客户中都获得了相关订单 [33][34][35][36] - 公司过去10多年持续投资,拓展了地理覆盖和产品线,积累了规模优势和客户资源,为当前发展奠定了基础 [38][39][40][41][42] - 企业客户(0-1兆瓦)业务保持强劲,即使在经济放缓环境下也表现良好 [47][48][49][50] 问答环节重要的提问和回答 问题1 **Matthew Niknam 提问** 公司未来的增长算法是什么,从收入到核心每股自由现金流的长期增长情况如何 [51][52] **Matthew Mercier 回答** - 公司今年的正常化收入和EBITDA增长分别约为9%和7% [54] - 公司稳定同店现金净营收增长目标为4%左右,加上新开发项目带来的约2%增量,再扣除1%的债务成本上升,整体中单位数增长是公司的基准目标 [55][56][57][58] 问题2 **Matthew Niknam 提问** 公司如何看待当前的财务杠杆水平,未来的优化方向是什么 [59] **Matthew Mercier 回答** - 公司通过资产出售、合资开发等方式,在过去一年内共筹集了约50亿美元资金,使财务杠杆降至5.5倍左右的目标水平 [61][62][63] - 这不仅是为了降低杠杆,更是为了优化公司的融资模式,特别是在满足大型客户需求的资本密集型业务中,采用公司和外部资本的组合方式 [65][66] 问题3 **Matthew Niknam 提问** 未来一年公司希望实现哪些关键里程碑 [70] **Andrew Power 回答** 1) 显著加快企业客户(0-1兆瓦)业务的增长 2) 继续抓住超大规模云计算和人工智能领域的机遇,积累更多高收益的订单 3) 进一步优化满足大型客户需求的融资模式,确保业务持续高速增长的同时,也能带动底线每股自由现金流的增长 [71][72]

BlackJack3D We previously covered Digital Realty Trust, Inc. (NYSE:DLR) in March 2024, discussing why its prudent growth strategy had been misunderstood, with the supposedly underwhelming FY2024 guidance attributed to the diversification of capital resources and eventually, balance sheet management. With the REIT expected to remain profitable in FY2024, we believed that the recent pullback offered interested investors with the chance to dollar cost average. Since then, DLR has traded sideways compared to th ...

To revolutionize the digital infrastructure landscape, Digital Realty Trust (DLR) has taken a significant stride by announcing the availability of groundbreaking liquid-to-chip cooling technology, which supports high- density deployment. This innovative breakthrough marks a significant step forward in solving the evolving challenges of handling high-density workloads, notably in the fields of artificial intelligence (AI) and data-intensive applications. Digital Realty's new offering introduces direct liquid ...

Solution available in 170 Digital Realty data centers globally AUSTIN, Texas, May 15, 2024 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, today announced the availability of groundbreaking liquid-to-chip cooling technology, the next evolution in high-density deployment support. This innovative advancement represents a significant leap forward in addressing the evolving challenges of managing high-d ...

FangXiaNuo Digital Realty (NYSE:DLR) brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. We have started coverage of DLR back in August 2023, with an initial neutral rating. Our first article, titled the Pros and Cons of Investing in Digital Realty Trust, highlighted on one hand that the firm has outperformed the broader REIT market in the past decade and that it has been committed to return value to its shareholders in the form of di ...

AUSTIN, Texas, May 8, 2024 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it has priced an underwritten registered public offering of 10,500,000 shares of its common stock for expected gross proceeds of approximately $1,470 million. BofA Securities, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint-bookrunning managers for the public offering. As part o ...