SAN FRANCISCO-Digital Realty Trust, Inc., a leading global provider of data center solutions, today announced financial results for the second quarter of 2013. All per share results are on a diluted share and unit basis.
Highlights:
-- Reported FFO of $1.22 per share for the second quarter of 2013, up 11.9%
from $1.09 per share for the second quarter of 2012. Excluding certain
items that do not represent core expenses or revenue streams in each
quarter, second quarter 2013 core FFO was $1.19 per share, up 11.2% from
second quarter 2012 core FFO of $1.07 per share;
-- Reported net income for the second quarter of 2013 of $59.6 million and
net income available to common stockholders of $47.1 million, or $0.37
per share, compared to $0.38 per share for the second quarter of 2012;
-- Acquired two properties totaling nearly 354,000 square feet and a
three-acre land site for a total purchase price of approximately $39.4
million;
-- Since the end of the first quarter, signed leases totaling $35.6 million
in annualized GAAP rental revenue, which includes over $16.0 million in
annualized GAAP rental revenue of new lease signings in the second
quarter of 2013 and an additional $19.6 million in annualized GAAP
rental revenue of new lease signings in July;
-- Commenced leases during the second quarter of 2013 totaling
approximately $24.6 million of annualized GAAP rental revenue;
-- Completed the sale of 10.0 million shares of 5.875% Series G Cumulative
Redeemable Preferred Stock, including the partial exercise of the
underwriters' over-allotment option, raising net proceeds of
approximately $241.6 million; and
-- Raised 2013 FFO guidance range to $4.73 to $4.82 per share and narrowed
2013 core FFO guidance to $4.74 to $4.83 per share.
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