Digital Realty REIT - 3.45% dividend

Here is an interesting Growth Dividend company with an expanding global footprint focusing on datacenters with over 284 facilities in 48 metros across 23 countries on six continents.

February 17, 2022


- Reported net income available to common stockholders of $3.71 per share in 4Q21, compared to $0.16 in 4Q20
- Reported FFO per share of $1.54 in 4Q21, compared to $1.45 in 4Q20
- Reported core FFO per share of $1.67 in 4Q21, compared to $1.61 in 4Q20

That $1.67 core FFO per share beats analyst expectations.…
Leasing Activity

In the fourth quarter, Digital Realty signed total bookings expected to generate $156 million of annualized GAAP rental revenue, including an $11 million contribution from interconnection.

“Digital Realty delivered record bookings in the fourth quarter and for the full year, with over $500 million of new business globally in 2021, demonstrating the strength of our global value proposition,”

said Digital Realty Chief Executive Officer A. William Stein.

“Demand for data center solutions remains robust, and we are investing organically as well as strategically to expand our global platform to provide customers the capacity and communities they require to execute their digital transformation strategies around the world.”

** They also renewed leases for $151 million of annualized GAAP rental revenue.

Financial Results

Digital Realty reported revenues for the fourth quarter of 2021 of $1.1 billion, a 2% decrease from the previous quarter and a 5% increase from the same quarter last year.
(This Q4 Revenue of $1.1B beats analyst projections by $10M)

Revenues have been consistently around 1.1B per quarter for the past 4 quarters of 2021

Digital realty pays a 3.45% dividend and has 16 consecutive years of dividend increases.

Very steady consistent earnings, eh.

Digital has a strong and growing Global footprint with 68% of bookings outside of America including recent expansion into Africa .

They signed 130 new customers (logos) this quarter including aerospace and semi conductor manufacture , insurance and Ivy league University, and energy provider.

A Core data center REIT with a conservative capital structure.

-Introduced 2022 core FFO per share outlook of $6.80-$6.90
analysts expect $6.90 … at the top of this range

Here are some helpful tables and graphs
Q4 Earnings Call Presentation…

Q4 Earnings Conference Call
February 17, 2022 05:30 PM ET

Fool ommmmm , kevin c.
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