Digital Realty Reports Q3 Results
November 6, 2006 — (WEB HOST INDUSTRY REVIEW) — Data centers and Internet gateways owner and manager Digital Realty Trust (digitalrealtytrust.com) announced on Monday the financial results for its third quarter, reporting an operating revenue of $73.2 million in the third quarter and a net income of $14.8 million.
Digital Realty acquired four properties totaling $201.7 million, and subsequent to quarter end, acquired three more properties totaling $104.8 million. The company also completed the sale of one property for a gain of $18 million and successfully completed a follow-on public offering totaling 9.2 million shares of common stock.
“As we expand our presence in key domestic and international markets, our strategic acquisitions program continues to position us as the leading owner and operator of Internet gateway and data center properties,” says Michael Foust, CEO of Digital Realty Trust. “The volume of leasing activity and strong growth in rents further demonstrates our ability to meet the demand for high quality data center and Internet gateway facilities for national and international corporate users including major Internet enterprises, financial institutions, energy companies, IT services providers, and other technology-intensive tenants.”
Digital Realty recently announced its acquisition of four facilities, including the primary Internet gateway for the Pacific Northwest market located in downtown Seattle, Washington, for $79.1 million.
