Motley Fool: Internet-real estate combo – The Spokesman Review
Digital Realty Trust (NYSE: DLR), recently down 43% from its 52-week high, should draw the attention of those seeking investments in the internet and in real estate. It’s a real estate investment trust, or REIT, which means it owns and rents out properties, spending at least 90% of its income on dividends to shareholders. Its property portfolio is focused on data centers, where vast banks of computers facilitate our online lives.
Digital Realty Trust recently boasted more than 4,000 customers across 300-plus facilities in more than 50 metropolitan areas in 27 countries on six continents. It’s a notable industry consolidator, having made six major acquisitions in recent years, which expanded its footprint by more than 100 properties. This has increased its presence in the U.S., Europe and new markets such as Africa.
Digital Realty has an investment grade-rated balance sheet. That should give it the financial strength it needs to muddle through tough times. It also has a huge market…
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