Digital Realty Trust, Inc. Declares First Quarter Common and Preferred Stock Dividends

Mon Feb 25, 2008 9:21pm EST
 
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Digital Realty Trust, Inc. Declares First Quarter Common and Preferred Stock
Dividends

SAN FRANCISCO, Feb. 25 /PRNewswire-FirstCall/ -- Digital Realty Trust,
Inc. (NYSE: DLR), a leading owner and manager of corporate datacenters and
Internet gateways, today announced that its Board of Directors has declared
quarterly common and preferred stock dividends for the first quarter of 2008.
    Common Stock Dividend
    Digital Realty Trust's Board of Directors declared a quarterly common
stock dividend of $0.31 per share to common stockholders of record as of the
close of business on March 17, 2008 that will be paid on March 31, 2008.
    Series A Cumulative Redeemable Preferred Stock Dividend
    The Company's Board of Directors declared a quarterly preferred stock
dividend of $0.53125 per share to holders of record of the Company's 8.50%
Series A Cumulative Redeemable Preferred Stock as of the close of business on
March 17, 2008.  The series A cumulative redeemable preferred stock dividend
will be paid on March 31, 2008.
    Series B Cumulative Redeemable Preferred Stock Dividend
    The Company's Board of Directors declared a preferred stock dividend of
$0.492188 per share to holders of record of the Company's 7.875% Series B
Cumulative Redeemable Preferred Stock as of the close of business on March 17,
2008.  The series B cumulative redeemable preferred stock dividend will be
paid on March 31, 2008.
    Series C Cumulative Convertible Preferred Stock Dividend
    The Company's Board of Directors declared a preferred stock dividend of
$0.273438 per share to holders of record of the Company's 4.375% Series C
Cumulative Convertible Preferred Stock as of the close of business on March
17, 2008. The series C cumulative convertible preferred stock dividend will be
paid on March 31, 2008.
    Series D Cumulative Convertible Preferred Stock Dividend
    The Company's Board of Directors declared a pro rata preferred stock
dividend of $0.210069 per share to holders of record of the Company's 5.500%
Series D Cumulative Convertible Preferred Stock as of the close of business on
March 17, 2008. The series D cumulative convertible preferred stock dividend
will be paid on March 31, 2008.
    About Digital Realty Trust, Inc.
    Digital Realty Trust, Inc. owns, acquires, repositions and manages
technology-related real estate. The Company is focused on providing Turn-Key
Datacenter(TM) and Powered Base Building(TM) datacenter solutions for domestic
and international tenants across a variety of industry verticals ranging from
information technology and internet enterprises, to manufacturing and
financial services.  Digital Realty Trust's 70 properties, excluding one
property held as an investment in an unconsolidated joint venture, contain
applications and operations critical to the day-to-day operations of
technology industry tenants and corporate enterprise datacenter tenants.
Comprising approximately 12.3 million rentable square feet, including 1.8
million square feet of space held for redevelopment, Digital Realty Trust's
portfolio is located in 26 markets throughout North America and Europe. For
additional information, please visit Digital Realty Trust's website at
www.digitalrealtytrust.com.
    Safe Harbor Statement
    This press release contains forward-looking statements, including
statements related to the amount and timing of expected payment of dividends,
which are based on current expectations, forecasts and assumptions that
involve risks and uncertainties that could cause actual outcomes and results
to differ materially.  These risks and uncertainties include adverse economic
or real estate developments in the Company's markets or the technology
industry; general economic conditions; defaults on or non-renewal of leases by
tenants; increased interest rates and operating costs; inability to manage
growth effectively; failure to obtain necessary outside financing; decreased
rental rates or increased vacancy rates; difficulties in identifying
properties to acquire and completing acquisitions; failure to successfully
operate acquired properties and operations, failure of acquired properties to
perform as expected; failure to maintain the company's status as a REIT;
environmental uncertainties and risks related to natural disasters; financial
market fluctuations; changes in foreign currency exchange rates; and changes
in real estate and zoning laws and increases in real property tax rates.  For
a further list and description of such risks and uncertainties, see the
reports and other filings by the Company with the Securities and Exchange
Commission, including the Company's annual report on Form 10-K for the year
ended December 31, 2006 and subsequent quarterly reports on Form 10-Q and
current reports on Form 8-K.  The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
     For Additional Information:

     A. William Stein                      Pamela Matthews
     Chief Financial Officer and           Investor/Analyst Information
     Chief Investment Officer              Digital Realty Trust, Inc.
     Digital Realty Trust, Inc.            (415) 738-6500
     (415) 738-6500

SOURCE  Digital Realty Trust, Inc.

A. William Stein, Chief Financial Officer and Chief Investment Officer, or
Pamela Matthews, Investor-Analyst Information, both of Digital Realty Trust,
Inc., +1-415-738-6500

 

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