Top 5 International Stocks To Buy Right Now: Digital Realty Trust Inc.(DLR)
Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate. It focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users, including the information technology departments of Fortune 1000 companies, and financial services companies. The company?s property portfolio consists of Internet gateway properties, corporate datacenter properties, technology manufacturing properties, and regional or national offices of technology companies. As of December 31, 2008, Digital Realty?s portfolio consisted of 75 properties, including 62 located in North America and 13 located in Europe. Digital Realty Trust has elected to be treated as a REIT for federal income tax purpo ses and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 2004 and is headquartered in San Francisco, California with additional offices in Boston, Chicago, Dallas, Los Angeles, New York, Northern Virginia, and Phoenix, as well as in Dublin, London, and Paris.
Advisors' Opinion:- [By Jared Cummans]
Digital Realty Trust, Inc. (DLR) reported its third quarter results after Tuesday’s closing bell, surprising the Street with strong numbers.
DLR’s Earnings in Brief
The company reported FFO of $1.22, beating analyst expectations of $1.21. Revenues came in at $412 million, marking a 3% increase from the previous quarter and a 12% increase YoY. Signed leases during the quarter are expected to generate $31 million in ! annual revenue moving forward. The company raise its FY2014 guidance to FFO of $4.90 – $4.95 versus the expected $4.87.CEO Commentary
CEO and CFO Bill Stein had the following comments: “We maintained consistent leasing momentum during the third quarter, with new lease signings totaling $31 million of annualized GAAP rental revenue. We also realized another consistent contribution from our mid-market segment, with new leases signed during the third quarter expected to generate $5 million of annualized GAAP rental revenue. Pricing has firmed across products and regions, and net effective leasing economics continue to improve, driven by steady absorption of excess supply at the sector level, along with company-specific changes to our sales compensation program and tighter underwriting discipline.”
DLR’s Dividend
DLR made no mention of its dividend in its earnings report. The stock paid its most recent dividend on September 30th and we expect it to announce its next payout in the coming weeks.
Stock Performance
DLR’s stock was up 21 cents, or 0.31%, in after hours trading.
DLR Dividend SnapshotAs of market close on October 28, 2014
Click here to see the complete history of PFE dividends.
- [By Bill Stoller]
The first half of 2014 has been particularly successful for shareholders of both industry giant $7.9 billion Digital Reality Trust (NYSE: DLR ) and its much smaller rival QTS, which currently sports a market cap of just $837 million. At first I was a bit stunned that Digital Realty didn't snag this deal. Digital has an extensive global footprint similar to both Atos and McGraw Hill.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-international-stocks-to-buy-right-now-3.html
No comments:
Post a Comment