DLR amends, extends and upsizes its senior unsecured multi-currency global and Japanese Yen-denominated revolving credit facilities, enhancing its flexibility.
Along with the rise of artificial intelligence has been the growth in data centers.
Digital Realty Trust, Inc. (NYSE:DLR ) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 2:40 PM ET Company Participants Matt Mercier - CFO Jordan Sadler - Head of IR Conference Call Participants Jonathan Atkin - RBC Capital Markets Jonathan Atkin Our next session, I'd like to welcome back Digital Realty to our conference. And from the far right, we have Jordan Sadler, who is the Head of Investor Relations.
DLR is likely to benefit from robust data center demand, a solid tenant base and development and redevelopment activities.
Digital Realty Trust is a leading global provider of data center solutions, well-positioned to benefit from the growing demand for AI infrastructure. Despite a slight dip in Q2 rental revenue, strong AI-related bookings and improving occupancy rates suggest continued FFO growth. The company's proactive debt reduction, fixed rate debt, and low cost of capital limit the REIT's balance sheet risk.
Equity REITs, distinct from mortgage REITs, generate income from rental leases and capital appreciation, offering high yields and tax advantages by distributing 90% of taxable income. My portfolio, Rose's Income Garden (RIG), includes six of the ten highlighted REITs, chosen for their credit ratings, yields, and growth potential. Interest rates significantly impact REIT prices; current high valuations may not last, but lower rates could enhance future pricing and investment opportunities.
Digital Realty (NYSE: DLR) stock price has staged a strong comeback this year and is hovering near its highest point on record. It has soared by almost 100% from its lowest point in 2023, bringing its market cap to over $53 billion.
Digital Realty Trust, Inc. (NYSE:DLR ) Bank of America 2024 Global Real Estate Conference September 11, 2024 3:45 PM ET Company Participants Andrew Power - President & CEO Jordan Sadler - IR Conference Call Participants David Barden - Bank of America David Barden So welcome, everyone. Thank you for joining us this afternoon.
Digital Realty Trust, Inc. (NYSE:DLR ) Goldman Sachs Communacopia + Technology Conference September 11, 2024 6:45 PM ET Company Participants Andrew Power - President and Chief Executive Officer Conference Call Participants James Schneider - Goldman Sachs James Schneider Okay, thanks. Okay, good afternoon, everybody.
Realty Income and Vici serve resilient industries. STAG is an indirect way to profit from the e-commerce sector's expansion.
Data center REITs have outperformed over time. But this was mostly driven by rising valuations, not profits. Why I avoid data center REITs.
Digital Realty Trust, Inc. (NYSE:DLR ) Citi's 2024 Global TMT Conference September 5, 2024 1:20 PM ET Company Participants Matthew Mercier - CFO Conference Call Participants Michael Rollins - Citi Michael Rollins This session is for Citi clients only, and disclosures are available in the back of the room next to the AV desk, and we also have them conveniently up here. If you'd like to scroll this electronic copy on the iPad, feel free at any time.