Digital Realty Trust (DLR), a key player in real estate investments centered around data centers, continues to strengthen its financial position. It has recently announced a major Euro-denominated Notes offering, securing €850M strategic notes at a 3.875% interest rate due 2035, suggesting healthy international confidence in its long-term outlook. Meanwhile, UBS has upgraded DLR to 'Buy', citing their potential for accelerating growth. They also highlighted an expected 10% FFO growth by 2027 given the current heightened demand for DLR's services. Additionally, DLR seems geared towards strengthening its AI capabilities, hinting at a partnership with OVHcloud to launch the AI-Optimized ServiceFabric platform. However, its stock holdings have been reduced by Pensionfund DSM Netherlands, which might impact its market position. In robust financial performance news, Q3 results met estimates alongside news of record leasing. Encouragingly, DLR's stock price target has been raised by Stifel and JPMorgan, citing strong growth prospects and a surge in data center demand. DLR also announced the proposal for a $1B Exchangeable senior notes offering, potentially expanding its capital position.
Digital Realty Trust DLR News Analytics from Mon, 22 Apr 2024 07:00:00 GMT to Fri, 10 Jan 2025 16:02:02 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 2
