10-KPeriod: FY2011

DIGITAL REALTY TRUST, INC. Annual Report, Year Ended Dec 31, 2011

Filed February 28, 2012For Securities:DLRDLR-PJDLR-PKDLR-PL

Summary

Digital Realty Trust, Inc. (DLR) filed its annual report for the fiscal year ended December 31, 2011, on February 27, 2012. The filing provides a comprehensive overview of the company's operations, financial condition, and risk factors as a real estate investment trust specializing in data center properties. The report consolidates the filings of Digital Realty Trust, Inc. and its operating partnership, Digital Realty Trust, L.P., to offer a holistic view of the enterprise. Key aspects for investors to note include the company's established market position in the data center sector, its portfolio of properties, and its strategic approach to growth and capital management. Investors should pay close attention to the financial statements and Management's Discussion and Analysis (MD&A) for detailed insights into revenue streams, operating expenses, debt levels, and future outlook. The report also outlines the company's corporate structure, management team, and various risk factors that could impact future performance, such as market competition, economic conditions, and technological changes.

Financial Highlights

31 data points
Beta

Revenue

$1.06B

Net Income

$156.26M

14.7% Net Margin

EPS (Diluted)

$1.32

Total Assets

$6.10B

Cash & Equivalents

$40.63M

Free Cash Flow

$400.96M

Financial Statements
Beta
Revenue$1.06B
Operating Expenses$758.40M
Operating Income$304.31M
Interest Expense$149.35M
Net Income$156.26M
EPS (Basic)$1.33
EPS (Diluted)$1.32
Shares Outstanding (Basic)98.41M
Shares Outstanding (Diluted)99.17M

Key Highlights

  • 1Digital Realty Trust, Inc. operates as a Real Estate Investment Trust (REIT) focused on data center properties.
  • 2The 2011 10-K filing consolidates reports for both Digital Realty Trust, Inc. and its operating partnership, Digital Realty Trust, L.P., for a comprehensive view.
  • 3The company's common stock is listed on the New York Stock Exchange under the ticker DLR.
  • 4The report includes detailed financial statements, risk factors, and business overview, providing investors with a thorough understanding of the company's operations and market position.
  • 5Digital Realty Trust, Inc. (as the sole general partner of Digital Realty Trust, L.P.) has full responsibility for the operating partnership's day-to-day management and control.
  • 6The filing details various debt instruments, including senior notes and credit agreements, and guarantees provided by the parent company for the operating partnership's debt.

Frequently Asked Questions

Digital Realty Trust, Inc. is a Real Estate Investment Trust (REIT) that owns, operates, and develops data center facilities. The company provides secure, reliable, and efficient space for enterprises to house their critical IT infrastructure.

Digital Realty Trust, Inc. is the sole general partner of Digital Realty Trust, L.P., the operating partnership. Digital Realty Trust, Inc. consolidates the operating partnership for financial reporting. While Digital Realty Trust, Inc. is the REIT that issues public equity and guarantees debt, Digital Realty Trust, L.P. holds most of the company's assets and conducts the core operations.

While specific risks are detailed in Item 1A, common risks for data center REITs at this time would typically include competition from other data center providers, economic downturns impacting tenant demand, technological advancements making facilities obsolete, and risks associated with property development and acquisitions, as well as interest rate fluctuations and debt management.

Detailed financial information, including consolidated balance sheets, income statements, statements of cash flows, and equity, can be found in Item 8 of the Form 10-K, along with the accompanying notes to the consolidated financial statements.