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2 clusters · 2 sources · 8 days · First seen · Last updated

Digital Realty Trust dividend and asset restructuring

Overview

Digital Realty Trust announced a quarterly dividend of $1.22 per share, with payments scheduled for September 30 for shareholders of record as of September 15.

Simultaneously, its unit Digital Core REIT is undergoing a portfolio restructuring to expand its Asian presence. The trust is selling three North American data centers in Toronto, Los Angeles, and Virginia to Digital Realty for roughly $316 million. The proceeds, combined with new debt, will fund the acquisition of a 2.5% stake in the Loyang Close asset in Singapore and a 25% stake in the Digital Osaka 3 facility in Japan for approximately $176 million. CEO John Stewart stated the move establishes a foothold in the Singapore market.

Entities

Digital Realty Trust, Inc. · Digital Osaka 3 · Extra Space Storage Inc · Westpac Banking Corp · Securities and Exchange Commission

Timeline

  1. 23 days ago

    [BUSINESS] 2 sources
    Real estate investment trusts report dividend updates and institutional shifts

    Extra Space Storage Inc announced a $1.62 quarterly dividend, while Westpac Banking Corp acquired a significant position in Rexford Industrial Realty, Inc.

  2. about 1 month ago

    [BUSINESS] 4 sources
    Digital Realty Trust announces dividend and asset restructuring

    Digital Realty Trust announced a $1.22 quarterly dividend, while its unit, Digital Core REIT, is pivoting toward Asia by selling North American assets to acquire stakes in Singapore and Osaka data centers.

Sources

mommygearest.com · stocknews.com