DLR

#250
Digital Realty Trust, Inc. Common Stock
182.2 5 USD
-0.02%
Market Price
Sektor: Immobilien
Basis: USD
Gewinnwährung: USD
Tagesspanne
182.19
182.93
Jahresspanne
146.23
208.14
Tagesänderung
-1.84%
Monatliche Änderung
-2.89%
6 month change
+3.77%
Jahresänderung
+1.58%
Vorheriger Schlusskurs
185.6 6
Open
182.6 3
Tief
182.1 9
Hoch
182.9 3
Volumen
320
Vollständige Grafik anzeigen

Financials

Übersicht Finanzbericht Statistik Dividenden Documents

2026

Current report, 19 Aug 2026
DIGITAL REALTY TRUST, INC. current report, 19 August 2026
8-K
Current report, Q3 FY2026
DIGITAL REALTY TRUST, INC. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
DIGITAL REALTY TRUST, INC. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
DIGITAL REALTY TRUST, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
DIGITAL REALTY TRUST, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
DIGITAL REALTY TRUST, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
DIGITAL REALTY TRUST, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
DIGITAL REALTY TRUST, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
DIGITAL REALTY TRUST, INC. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
DIGITAL REALTY TRUST, INC. quarterly report, Q1 FY2026
10-Q

DIGITAL REALTY TRUST, INC. current report, Q3 FY2024

Full document

Business Context and Reporting Period

Company: Digital Realty Trust, Inc. and Digital Realty Trust, L.P.
Filing Type: Form 8-K (Current Report)
Date of Report: September 24, 2024
Event: Entry into material definitive agreements regarding the amendment and restatement of global credit facilities and term loans.

Key Financial Metrics and Debt Structure

This filing details the restructuring of the company's debt facilities rather than reporting operational financial results (revenue, profit, or cash flow). Key debt metrics include:

  • Global Revolving Credit Facility: $4.2 billion equivalent senior unsecured revolving credit facility.
  • Letter of Credit Sublimit (Global): Approximately $350 million.
  • Expansion Capacity (Global): Ability to increase commitments by up to $1.8 billion.
  • Yen Revolving Credit Facility: ¥42,511,000,000 senior unsecured revolving credit facility.
  • Letter of Credit Sublimit (Yen): Approximately ¥4,251,100,000.
  • Expansion Capacity (Yen): Ability to increase commitments by up to ¥60,000,000,000.
  • Maturity Date: January 24, 2029 (for both Global and Yen facilities), extendable by six months on up to two occasions.
  • Interest Margins (as of Sept 24, 2024):
    • Global Floating Rate: 85 basis points.
    • Global Base Rate: 0 basis points.
    • Global Facility Fee: 20 basis points.
    • Yen TIBOR Rate: Index plus 50 basis points.
    • Yen Unused Commitment Fee: 10 basis points.

Material Changes Versus Prior Period

The filing reports the following material changes to the company's debt structure:

  • Global Credit Agreement: Entered into a Third Amended and Restated Global Senior Credit Agreement, replacing the Second Amended and Restated agreement dated November 18, 2021. This consolidates borrowings across multiple currencies (AUD, GBP, CAD, EUR, HKD, IDR, JPY, KRW, SGD, CHF, USD).
  • Yen Credit Agreement: Entered into a Second Amended and Restated Credit Agreement, replacing the agreement dated November 18, 2021.
  • Term Loan Amendments:
    • Euro Term Loan: Amended on September 26, 2024, to make conforming changes consistent with the new Global Credit Agreement.
    • U.S. Term Loan: Amended on September 25, 2024, to make conforming changes consistent with the new Global Credit Agreement.
  • Sustainability Linkage: Both the Global and Yen facilities now include sustainability-linked pricing components where margins and fees can adjust by up to 4 basis points (Global) or 3 basis points (Yen) based on performance targets.

Guidance, Outlook, Risks, and Contingencies

Management Commentary and Outlook: The filing does not provide specific financial guidance or operational outlook. The primary focus is on securing liquidity and aligning debt terms.

Risks and Covenants:

  • Restrictive Covenants: The facilities include limitations on investments, mergers, and requirements to maintain financial coverage ratios regarding unencumbered assets.
  • Distribution Restrictions: The company is restricted from making distributions to stockholders or repurchasing shares during an event of default, with limited exceptions for REIT qualification and tax avoidance.
  • Events of Default: Includes non-payment, breach of warranties, non-compliance with covenants, cross-defaults, and change of control. Acceleration of debt may occur upon bankruptcy or insolvency orders.
  • Related Party Transactions: Certain joint lead arrangers and lenders are also customers of the company.

Unusual Items: The filing notes that the summary of terms is qualified by reference to the full agreements, which will be filed as exhibits to the Form 10-Q for the quarter ending September 30, 2024.

Key Facts for Investor Verification

  • Verify the total outstanding debt balance and utilization rates of the new $4.2 billion Global and ¥42.5 billion Yen facilities in the upcoming Form 10-Q.
  • Confirm the specific sustainability performance targets required to achieve the lower end of the interest rate and fee margins.
  • Review the full text of the Global Credit Agreement and Term Loan Amendments (exhibits to the 10-Q) for detailed covenant calculations and cross-default triggers.
  • Monitor the company's ability to maintain the required financial coverage ratios and unencumbered asset levels to avoid covenant breaches.
  • Assess the impact of the new interest rate margins (85 bps Global / 50 bps Yen) on future interest expense compared to the prior credit agreements.