|Traded as||NYSE: DLR|
|Industry||Datacenter acquisition, ownership, development and operation|
|Headquarters||San Francisco, United States of America|
|Key people||A. William Stein,
CFO and Interim CEO
Chief Investment Officer
Jim Smith, CTO
SVP Portfolio Management
Matt Miszewski, SVP Sales
Build to Suit Datacenters
Buy to Suit Datacenters
Powered Base Buildings
Digital Design Services
Digital Realty is a company involved in datacenter acquisition, ownership, development and operation as well as providing colocation services. 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 December 31, 2011 including 2.4 million square feet of space held for redevelopment. Digital Realty does its business in 31 markets throughout Europe, North America, Singapore and Australia.
Digital Realty operates as a publicly traded Real Estate Investment Trust (REIT) on the New York Stock Exchange under the ticker symbol “DLR”. The company currently employs approximately 950 people throughout the United States, Europe, and Asia Pacific. Corporate headquarters for the company is located in San Francisco, California. The company also maintains regional offices in Los Angeles, Phoenix, Dallas, Chicago, Boston, New York, Northern Virginia, London, Paris, Dublin, Singapore and Sydney.
Digital Realty claims to have attained additional notability through development of a number of innovative efficiency metrics such as breaking down stages of data center construction into discrete units, utilizing its POD Architecture, measured in terms of kW of IT load, and "Power Usage Effectiveness" (PUE) which is the ratio of power delivered to IT equipment to the total amount of power used by the data center facility.
Digital Realty held its initial public offering in November 2004. At the time, its portfolio of 24 properties consisted primarily of those contributed by a private equity fund: GI Partners Fund I. (GI Partners Fund I is a private equity fund that was formed in February, 2001, after a six-month selection process conducted by the California Public Employees Retirement System). Upon GI Partners’ selection, CalPERS provided a $500 million equity commitment to GI Partners to invest in technology-related real estate and technology operating businesses. In addition, CB Richard Ellis Investors, a subsidiary of CB Richard Ellis and members of GI Partners’ management provided a commitment of $26.3 million.
As of December 31, 2011, the company achieved a 20% compounded annual growth rate in Funds from Operations (FFO) per per diluted share and unit and a 30% compounded annual growth rate in Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) since its IPO in 2004.
Digital Realty ranked among the top four REITs in 2011 with a total shareholder return of 35.4% and has been regularly recognized as a leader in REIT performance.
- First BREEAM certified “Excellent” in the UK
Footnotes and References
- Yahoo Finance
- NYSE Listing
- Energy Star Datacenter Report to Congress
- Lohr, Steve (June 17, 2008). "Demand for Data Puts Engineers in Spotlight". The New York Times. Retrieved May 1, 2010.
- "Market Spotlight: Data Center REITs". International Business Times.
- Industry's First LEED Gold Certification
- "Digital Realty Mines Old Building and Gets LEED Gold". ComputerWorld.
- Industry's First BREEAM Excellent Certification
- InfoWorld Green 15