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Press release from PR Newswire

Digital Realty Trust, Inc. Increases Quarterly Common Stock Dividend 7% to $0.73 Per Share

Tuesday, February 14, 2012

Digital Realty Trust, Inc. Increases Quarterly Common Stock Dividend 7% to $0.73 Per Share20:40 EST Tuesday, February 14, 2012SAN FRANCISCO, Feb. 14, 2012 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading global wholesale datacenter provider, today announced that its Board of Directors has authorized quarterly common and preferred stock dividends for the first quarter of 2012. "We have increased our quarterly common stock dividend by 7.4% to $0.73 per share because of our optimism regarding continued growth and to meet REIT distribution requirements for 2012. This is the tenth dividend increase since our IPO in the fourth quarter of 2004. On an annualized basis, this represents an increase of 7.4% over the 2011 annual dividend of $2.72 per share and a compounded annual growth rate of 16.6% since our first full quarter of operations following the IPO in 2005," said A. William Stein, Chief Financial Officer and Chief Investment Officer of Digital Realty.Common Stock DividendDigital Realty's Board of Directors authorized a quarterly common stock dividend of $0.73 per share to common stockholders of record as of the close of business on March 15, 2012.  The common stock dividend will be paid on March 30, 2012. Series C Cumulative Convertible Preferred Stock DividendThe Company's Board of Directors authorized 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 March 15, 2012. The Series C Cumulative Convertible Preferred Stock dividend will be paid on March 30, 2012.Series D Cumulative Convertible Preferred Stock DividendThe Company's Board of Directors authorized 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 March 15, 2012. The Series D Cumulative Convertible Preferred Stock dividend will be paid on March 30, 2012.Series E Cumulative Redeemable Preferred Stock DividendThe Company's Board of Directors authorized a preferred stock dividend of $0.43750 per share to holders of record of the Company's 7.000% Series E Cumulative Redeemable Preferred Stock as of the close of business on March 15, 2012. The Series E Cumulative Redeemable Preferred Stock dividend will be paid on March 30, 2012.About Digital RealtyDigital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data center needs. Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 101 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 18.3 million square feet as of January 30, 2012, including 2.4 million square feet of space held for redevelopment. Digital Realty's portfolio is located in 31 markets throughout Europe, North America, Singapore and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty's website at http://www.digitalrealty.com.Safe Harbor StatementThis press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the amount and timing of expected payment of dividends on our common stock and preferred stock, and statements related to our financial performance, expected REIT taxable income, distribution requirements and future growth for 2012. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions, including the downgrading of the U.S. government's credit rating; current local economic conditions in our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; increased interest rates and operating costs; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including 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 U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2010 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2011, June 30, 2011 and September 30, 2011.  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 SteinPamela M. Garibaldi Chief Financial Officer and Vice President, Investor Relations and Chief Investment Officer Corporate MarketingDigital Realty Trust, Inc. Digital Realty Trust, Inc.+1 (415) 738-6500+1 (415) 738-6500SOURCE Digital Realty Trust, Inc.