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Digital Realty (DLR) Launches AWS Direct Connect in Atlanta
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Digital Realty Trust, Inc. (DLR - Free Report) has launched AWS Direct Connect at its ATL1 and ATL2 data center facilities in downtown Atlanta. This move has strengthened the San Francisco-based data center real estate investment trust’s (REIT) overall cloud connectivity solution set. This will enable customers of the company’s colocation offerings in Atlanta to garner advantage of AWS Direct Connect.
With over 13,000 technology companies, Atlanta is an exceptionally alluring interconnection location. Additionally, low costs, availability of power, and robust fiber infrastructure have added to its appeal. In March 2017, Digital Realty expanded its Atlanta footprint with the opening of a new facility of around 18,000 square feet of incremental capacity.
Digital Realty is engaged in the ownership, acquisition, repositioning and management of the technology-related real estate. Specifically, the company offers data center, colocation and interconnection solutions for domestic and international tenants through its portfolio of data centers located throughout North America, Europe, Asia and Australia.
The availability of AWS Direct Connect in Atlanta data centers further strengthens the region’s technical infrastructure. Digital Realty is delivering its cloud-enabled interconnection strategy it launched with the Service Exchange launch last year. This is aiding global enterprises to add value to their cloud initiatives.
Shares of Digital Realty have outperformed the Zacks categorized REIT and Equity Trust – Other industry in the last three months. Shares of the company have returned 13.8%, while the industry grew 4%. In the last 30 days, its second-quarter and full-year 2017 funds from operations (FFO) per share estimates remained unchanged.
Currently, Digital Realty carries a Zacks Rank #3 (Hold).
In the last 30 days, DCT Industrial Trust’s FFO per share for second-quarter 2017 remained unchanged at 59 cents.
In the last 30 days, Gaming and Leisure Properties’ FFO per share for second-quarter 2017 remained unchanged at 77 cents.
In the last 30 days, PS Business Parkss FFO per share for second-quarter 2017 moved up 2% to $1.53.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
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Digital Realty (DLR) Launches AWS Direct Connect in Atlanta
Digital Realty Trust, Inc. (DLR - Free Report) has launched AWS Direct Connect at its ATL1 and ATL2 data center facilities in downtown Atlanta. This move has strengthened the San Francisco-based data center real estate investment trust’s (REIT) overall cloud connectivity solution set. This will enable customers of the company’s colocation offerings in Atlanta to garner advantage of AWS Direct Connect.
With over 13,000 technology companies, Atlanta is an exceptionally alluring interconnection location. Additionally, low costs, availability of power, and robust fiber infrastructure have added to its appeal. In March 2017, Digital Realty expanded its Atlanta footprint with the opening of a new facility of around 18,000 square feet of incremental capacity.
Digital Realty is engaged in the ownership, acquisition, repositioning and management of the technology-related real estate. Specifically, the company offers data center, colocation and interconnection solutions for domestic and international tenants through its portfolio of data centers located throughout North America, Europe, Asia and Australia.
The availability of AWS Direct Connect in Atlanta data centers further strengthens the region’s technical infrastructure. Digital Realty is delivering its cloud-enabled interconnection strategy it launched with the Service Exchange launch last year. This is aiding global enterprises to add value to their cloud initiatives.
Shares of Digital Realty have outperformed the Zacks categorized REIT and Equity Trust – Other industry in the last three months. Shares of the company have returned 13.8%, while the industry grew 4%. In the last 30 days, its second-quarter and full-year 2017 funds from operations (FFO) per share estimates remained unchanged.
Currently, Digital Realty carries a Zacks Rank #3 (Hold).
Investors interested in the REIT space, may consider better-ranked stocks like DCT Industrial Trust Inc. , Gaming and Leisure Properties, Inc. (GLPI - Free Report) and PS Business Parks, Inc. , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the last 30 days, DCT Industrial Trust’s FFO per share for second-quarter 2017 remained unchanged at 59 cents.
In the last 30 days, Gaming and Leisure Properties’ FFO per share for second-quarter 2017 remained unchanged at 77 cents.
In the last 30 days, PS Business Parkss FFO per share for second-quarter 2017 moved up 2% to $1.53.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>