Digital Realty

Digital Realty Trust, Inc.
Public company
Traded as NYSE: DLR
S&P 500 Index component
Industry Real estate investment trust
Founded 2004 (2004)
Headquarters San Francisco, California, US
Key people
 Laurence A. Chapman, Chairman
A. William Stein, CEO
Andrew P. Power, CFO
Products Data centers
Revenue Increase $2.457 billion (2017)
Decrease $0.256 billion (2017)
Total assets Increase $21.404 billion (2017)
Total equity Increase $10.349 billion (2017)
Number of employees
 1,436 (2017)
Website www.digitalrealty.com
Footnotes / references
[1]

Digital Realty Trust, Inc. is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services. As of December 31, 2017, the company owned 205 operating data center facilities totaling 32.1 million rentable square feet, of which 152 were in the United States and 38 were in Europe. The properties are concentrated in New York State, Northern Virginia, London, United Kingdom, Dallas, Silicon Valley, and Chicago.[1]

The company is a member of The Green Grid and has helped pioneer concepts of energy efficient and energy conserving data center design.[2]

History

The company was formed in 2004 by GI Partners, which contributed 21 data centers that it acquired through bankruptcy auctions and from distressed companies at a 20–40% discount to replacement cost.[3]

On November 4, 2004, the company became a public company via an initial public offering.[4] At that time, the company owned 23 properties comprising 5.6 million square feet.[4]

In August 2006, the company sold a building in Denver, Colorado to TIAA-CREF for $60.42 million.[5] The company also acquired a property in Phoenix, Arizona for $175 million.[6]

By March 2007, GI Partners had sold all of its shares in the company.[3]

In January 2010, the company acquired 3 data centers in Massachusetts and Connecticut for $375 million.[7]

In January 2012, the company acquired a 334,000 square foot data center near Hartsfield-Jackson Atlanta International Airport for $63 million in a leaseback transaction.[8] The company also acquired a data center in San Francisco for $85 million.[9]

In April 2013, the company acquired the data center of Delta Air Lines in Eagan, Minnesota for $37 million in a leaseback transaction.[10]

In July 2013, the company doubled capacity at its data center in Chandler, Arizona.[11]

In May 2015, the company sold a building in Philadelphia for $161 million that it acquired in 2005 for $59 million.[12]

In October 2015, the company acquired Telx for $1.886 billion.[13]

In November 2015, the company acquired 125.9 acres of undeveloped land in Loudoun County, Virginia for $43 million and announced plans to build a 2 million square foot data center on the property.[14]

In July 2016, the company acquired 8 data centers in Europe from Equinix for $874 million.[15]

In March 2017, the company announced a $22 million expansion of its data center in Atlanta.[16]

In 2017, the Supreme Court will hear a whistleblower case in which the company fired an employee who had complained internally about the elimination of supervisory controls and the hiding of cost overruns. After he was fired, the employee sued the company, saying he was protected by whistleblower provisions in Dodd-Frank.[17]

In September 2017, the company completed the acquisition of DuPont Fabros Technology.[18][19]

References

  1. 1 2 "Digital Realty Trust, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ↑ Lohr, Steve (June 17, 2008). "Demand for Data Puts Engineers in Spotlight". The New York Times. (subscription required)
  3. 1 2 "Digital Realty". GI Partners.
  4. 1 2 "Digital Realty Trust, Inc. Completes Initial Public Offering" (PDF) (Press release). PR Newswire. November 4, 2004.
  5. ↑ Baker, Ken (August 21, 2006). "Digital Realty Trust Sells Stanford Place II". CoStar Group.
  6. ↑ Majarucon, Phillip (August 7, 2006). "Digital Realty Trust Acquires Internet Gateway". CoStar Group.
  7. ↑ "Digital Realty To Buy Data Center Portfolio for $375 Million". CoStar Group. January 7, 2010.
  8. ↑ "Digital Realty buys data center near Hartsfield-Jackson". American City Business Journals. January 4, 2012.
  9. ↑ Sailors, John (January 4, 2012). "Digital Realty Trust buys S.F. data center for $85M". American City Business Journals.
  10. ↑ Sumner, Justin (April 8, 2013). "Digital Realty Acquires Delta's Data Ctr for $37M". CoStar Group.
  11. ↑ Ringle, Hayley (July 29, 2013). "Digital Realty Trust doubles capacity at Chandler data center". American City Business Journals.
  12. ↑ Kostelni, Natalie (May 6, 2015). "Center City building sells for $161M". American City Business Journals.
  13. ↑ "Digital Realty Completes the Acquisition of Telx" (Press release). PR Newswire. October 12, 2015.
  14. ↑ Clabaugh, Jeff (November 16, 2015). "Digital Realty plans second massive Loudoun data center". American City Business Journals.
  15. ↑ "Digital Realty Completes Acquisition of Eight Premium European Data centers" (Press release). PR Newswire. July 5, 2016.
  16. ↑ Karkaria, Urvaksh (March 15, 2017). "Data center operator Digital Realty plans $22 million Atlanta expansion". American City Business Journals.
  17. ↑ Lynch, Sarah N. (June 26, 2017). "U.S. high court to review scope of Dodd-Frank whistleblower protections". Reuters.
  18. ↑ "Digital Realty Completes Merger With DuPont Fabros" (Press release). PR Newswire. September 14, 2017.
  19. ↑ "Digital Realty acquires DuPont Fabros in $7.8B deal". American City Business Journals. September 15, 2017.
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