Digital Realty Trust announces dividend and asset restructuring

Digital Realty Trust has announced a quarterly dividend of $1.22 per share. Shareholders of record as of September 15 will receive the payment on September 30, representing an annualized dividend yield of 2.5%.

In a separate strategic move, Digital Core REIT, a unit of Digital Realty, is restructuring its portfolio to increase its presence in Asia. The trust will sell three North American data centers—located in Toronto, Los Angeles, and Virginia—to Digital Realty for approximately $316 million.

Digital Core REIT plans to use these proceeds, along with newly raised debt, to acquire a 2.5% stake in the Loyang Close asset in Singapore and an additional 25% stake in the Digital Osaka 3 facility in Japan for approximately $176 million. CEO John Stewart noted that the deal establishes a foothold in the highly sought-after Singapore market.