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Digital Realty Expands Presence in Atlanta with New Facility
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Data center REIT, Digital Realty Trust, Inc. (DLR - Free Report) declared the expansion of the Atlanta connected campus. Specifically, the company announced the opening of a new facility in Atlanta, at 250 Williams Street, with around 18,000 square feet of capacity. It denotes a total investment of about $22 million. It is connected to the company's existing facility at 56 Marietta Street, which is the region's chief interconnection hub.
With addition of this data center facility, Digital Realty remains well poised to leverage on the favorable fundamentals of the Atlanta market. It is one of the rapidly growing tech markets in the nation.
Per the company, the Atlanta metro area has become an attractive interconnection site for enterprises, telecommunications and cloud providers, supported by low occupancy cost, reliable power, solid fiber infrastructure, peering capabilities, as well as lower risk of natural disasters. It also enjoys presence of over 13,000 technology companies. This includes leaders in financial services, transportation, healthcare, IT, telecommunications and Internet security.
Notably, with growth in cloud computing, Internet of Things and big data, and an increasing number of companies opting for third-party IT infrastructure; data center REITs are experiencing a boom market. This is providing opportunities to REITs like CoreSite Realty Corporation (COR - Free Report) , Equinix, Inc. (EQIX - Free Report) , Digital Realty and CyrusOne, Inc. to prosper.
Shares of Digital Realty outperformed the Zacks categorized REIT and Equity Trust – Other industry over the past three months. During this time frame, shares of the company logged a return of 8.2%, whereas the industry made a loss of 1.5%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
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Digital Realty Expands Presence in Atlanta with New Facility
Data center REIT, Digital Realty Trust, Inc. (DLR - Free Report) declared the expansion of the Atlanta connected campus. Specifically, the company announced the opening of a new facility in Atlanta, at 250 Williams Street, with around 18,000 square feet of capacity. It denotes a total investment of about $22 million. It is connected to the company's existing facility at 56 Marietta Street, which is the region's chief interconnection hub.
With addition of this data center facility, Digital Realty remains well poised to leverage on the favorable fundamentals of the Atlanta market. It is one of the rapidly growing tech markets in the nation.
Per the company, the Atlanta metro area has become an attractive interconnection site for enterprises, telecommunications and cloud providers, supported by low occupancy cost, reliable power, solid fiber infrastructure, peering capabilities, as well as lower risk of natural disasters. It also enjoys presence of over 13,000 technology companies. This includes leaders in financial services, transportation, healthcare, IT, telecommunications and Internet security.
Notably, with growth in cloud computing, Internet of Things and big data, and an increasing number of companies opting for third-party IT infrastructure; data center REITs are experiencing a boom market. This is providing opportunities to REITs like CoreSite Realty Corporation (COR - Free Report) , Equinix, Inc. (EQIX - Free Report) , Digital Realty and CyrusOne, Inc. to prosper.
While Digital Realty and CyrusOne have a Zacks Rank #3 (Hold), Equinix and CoreSite Realty carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Digital Realty outperformed the Zacks categorized REIT and Equity Trust – Other industry over the past three months. During this time frame, shares of the company logged a return of 8.2%, whereas the industry made a loss of 1.5%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>