Summary
Digital Realty Trust, Inc. (DLR) filed an 8-K on January 30, 2012, to disclose its preliminary financial guidance for the full year 2012 and to reiterate its previously issued guidance for the full year 2011. The company provided projected FFO per diluted share for 2011 in the range of $4.02 to $4.05 and Adjusted EBITDA guidance for 2011 between $605.0 million and $635.0 million. This filing is important for investors as it offers a look into the company's expected financial performance and operational outlook in a challenging economic environment, as highlighted by the extensive safe harbor statement detailing various risks and uncertainties.
Key Highlights
- 1Digital Realty Trust (DLR) announced preliminary 2012 full-year financial guidance and reiterated its 2011 guidance.
- 2For the full year 2011, DLR projected Funds From Operations (FFO) per diluted share to be between $4.02 and $4.05.
- 3The company also provided 2011 Adjusted EBITDA guidance in the range of $605.0 million to $635.0 million.
- 4The 8-K filing includes a comprehensive safe harbor statement detailing numerous risks and uncertainties that could impact future financial results.
- 5Key risks mentioned include the impact of global economic conditions, tenant financial health, interest rate fluctuations, and competition in the data center space.
- 6The information was presented in conjunction with the company's 2012 Analyst Day event.
- 7The filing incorporates by reference a press release dated January 30, 2012, which contains the detailed earnings guidance.
Frequently Asked Questions
The primary purpose of this 8-K filing is to provide investors with Digital Realty Trust's preliminary financial guidance for the full year 2012 and to reiterate its previously issued guidance for the full year 2011. It also serves to update investors on the company's financial condition and results of operations, particularly in the context of its 2012 Analyst Day.
For the full year 2011, Digital Realty Trust projected Funds From Operations (FFO) per diluted share to be between $4.02 and $4.05. Additionally, the company guided for Adjusted EBITDA to be in the range of $605.0 million to $635.0 million.
The company highlights a broad range of risks and uncertainties that could affect its performance. These include the impact of global economic and credit conditions, specific market challenges, potential decreases in IT spending, tenant insolvencies or defaults, rising interest rates and operating costs, difficulties in financing, managing growth, acquiring and operating properties globally, competition, and maintaining its REIT status.
No, the information provided under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure) is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, meaning the company is not subject to the liabilities of that Section for this disclosed information. It will not be incorporated by reference into other filings unless specifically stated.