Skip to main content
NewslettersWatchlist

Digital Realty Trust(DLR-N)
NYSE

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

Digital Realty Announces Non-Core Disposition

PR Newswire - Mon Aug 8, 2022

Recycles capital from mature asset in U.S. to reinvest in growing, global platform

AUSTIN, Texas, Aug. 8, 2022 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it has entered into a definitive agreement to sell a non-core, mixed-use data center property in a transaction valuing the asset at approximately $205 million.  The property is expected to generate 2022 cash net operating income of approximately $10.7 million, representing a 5.2% cap rate. 

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe

market news
The close: Nasdaq, S&P 500 tumble as Netflix, chip stocks drag; TSX gains
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9.
market news
The close: TSX edges higher as metal prices rally
A Toronto Stock Exchange ticker is seen at The Exchange Tower in Toronto on Thursday, August 18 2011.
market news
The close: TSX snaps losing streak as mining shares rebound
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9.
report on business
Parkland shares jump as investor signals it’s open to a sale
The Ultramar gas station on Broadview Ave. and Bater Ave. is photographed on Mar 26, 2024. Fred Lum/The Globe and Mail
globe investor
Trump media stock plunges, extending recent losses Trump Media
Former President Donald Trump attends trial for jury selection at Manhattan Criminal Court on Monday, April 15, 2024 in New York City.
globe investor
Top Wall Street brokerages start Reddit coverage with doubts over user growth
Reddit Inc. signage is seen on the New York Stock Exchange trading floor prior to Reddit IPO, March. 21, 2024.
canada
Quebec union representing 80,000 nurses rejects tentative deal with province
Quebec health-care workers and members from the Quebec’s nurses union (FIQ) demonstrate to demand a new contract negotiation in Montreal, Wednesday, Sept. 6, 2023. THE CANADIAN PRESS/Christinne Muschi
u.s. business
Citigroup’s quarterly profit falls on severance costs from reorganization
FILE PHOTO: Workers exit the Citi Headquarters in New York, U.S., January 22, 2024. REUTERS/Brendan McDermid/File Photo

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2024.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).