Digital Realty Trust Inc. Reports Operating Results (10-Q)

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Aug 07, 2012
Digital Realty Trust Inc. (DLR, Financial) filed Quarterly Report for the period ended 2012-06-30.

Digital Realty Trust, Inc. has a market cap of $8.48 billion; its shares were traded at around $76.1 with a P/E ratio of 18.4 and P/S ratio of 8. The dividend yield of Digital Realty Trust, Inc. stocks is 3.8%. Digital Realty Trust, Inc. had an annual average earning growth of 18.3% over the past 10 years.

Highlight of Business Operations:

This report also includes separate Item 4. Controls and Procedures sections and separate Exhibit 31 and 32 certifications for each of the company and the operating partnership in order to establish that the Chief Executive Officer and the Chief Financial Officer of each entity have made the requisite certifications and that the company and the operating partnership are compliant with Rule 13a-15 or Rule 15d-15 of the Securities Exchange Act of 1934 and 18 U.S.C. §1350.

In order to highlight the differences between the company and the operating partnership, the separate sections in this report for the company and the operating partnership specifically refer to the company and the operating partnership. In the sections that combine disclosure of the company and the operating partnership, this report refers to actions or holdings as being actions or holdings of the company. Although the operating partnership is generally the entity that enters into contracts and joint ventures and holds assets and debt, reference to the company is appropriate because the business is one enterprise and the company operates the business through the operating partnership.

As general partner with control of the operating partnership, Digital Realty Trust, Inc. consolidates the operating partnership for financial reporting purposes, and it does not have significant assets other than its investment in the operating partnership. Therefore, the assets and liabilities of Digital Realty Trust, Inc. and Digital Realty Trust, L.P. are the same on their respective condensed consolidated financial statements. The separate discussions of Digital Realty Trust, Inc. and Digital Realty Trust, L.P. in this report should be read in conjunction with each other to understand the results of the company on a consolidated basis and how management operates the company.

Read the The complete Report