Digital Realty Trust, Inc. Announces Tax Treatment of 2013 Dividends

SAN FRANCISCO, Jan. 27, 2014 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR) announced today the tax treatment of its 2013 common and preferred stock dividends. Shareholders are urged to consult with their tax advisors as to their specific tax treatment of Digital Realty's distributions.

Digital Realty Trust, Inc. Common Stock Dividends
CUSIP # 253868103
Ticker Symbol: DLR

The 2013 reportable dividend of $3.673285 per share includes one quarterly distribution declared in 2012 and paid in January 2013, three quarterly distributions declared and paid in 2013, and a portion (77%) of one quarterly distribution declared in 2013 and paid in January 2014. The 2013 reportable dividend will be classified on Form 1099-DIV as follows:  $2.754992 per share (75%) as ordinary income and $0.918293 per share (25%) as capital gain distribution.

The following table contains this information on a quarterly basis.

 

Declaration Dates

 

Record Dates

 

Payment Dates

Cash Dividend

($ per share)

2013

Reportable Dividend

($ per share)

2013 Taxable Ordinary  Dividend

($ per share)

2013

Total Capital Gain Distribution ($ per share)

2013

Unrecap Sec. 1250 Gain

($ per share)

10/30/2012

12/14/2012

01/15/2013

$0.730000

$0.730000

$0.547506

$0.182494

$0.021928

02/12/2013

03/15/2013

03/29/2013

$0.780000

$0.780000

$0.585006

$0.194994

$0.023430

05/01/2013

06/14/2013

06/28/2013

$0.780000

$0.780000

$0.585006

$0.194994

$0.023430

07/23/2013

09/13/2013

09/30/2013

$0.780000

$0.780000

$0.585006

$0.194994

$0.023430

10/22/2013

12/13/2013

1/15/2014

$0.780000

$0.603285

$0.452468

$0.150817

$0.018122

2013 Totals




$3.673285

$2.754992

$0.918293

$0.110340

Please note that of the $0.780000 quarterly distribution paid in January 2014, $0.603285 is included in the 2013 taxable common dividend and $0.176715 will be included in the 2014 taxable common dividend.

Series E Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868707
Ticker Symbol: DLRPRE

The 2013 reportable dividend for Digital Realty's Series E Cumulative Redeemable Preferred Stock was $1.750000 per share. For tax reporting purposes the 2013 reportable dividend will be classified as follows:  $1.312512 per share (75%) as ordinary taxable income and $0.437488 per share (25%) as capital gain distribution. 

The following table contains this information on a quarterly basis.

 

Declaration Dates

 

Record Dates

 

Payment Dates

Cash Dividend

($ per share)

2013

Reportable Dividend

($ per share)

2013 Taxable Ordinary  Dividend

($ per share)

2013

Total Capital Gain Distribution ($ per share)

2013

Unrecap Sec. 1250 Gain

($ per share)

02/12/2013

03/15/2013

03/29/2013

$0.437500

$0.437500

$0.328128

$0.109372

$0.013142

05/01/2013

06/14/2013

06/28/2013

$0.437500

$0.437500

$0.328128

$0.109372

$0.013142

07/23/2013

09/13/2013

09/30/2013

$0.437500

$0.437500

$0.328128

$0.109372

$0.013142

10/22/2013

12/13/2013

12/31/2013

$0.437500

$0.437500

$0.328128

$0.109372

$0.013142

2013 Totals



$1.750000

$1.750000

$1.312512

$0.437488

$0.052568

Series F Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868806
Ticker Symbol: DLRPRF

The 2013 reportable dividend for Digital Realty's Series F Cumulative Redeemable Preferred Stock was $1.656252 per share. For tax reporting purposes the 2013 reportable dividend will be classified as follows:  $1.242200 per share (75%) as ordinary taxable income and $0.414052 per share (25%) as capital gain distribution. 

The following table contains this information on a quarterly basis.

 

Declaration Dates

 

Record Dates

 

Payment Dates

Cash Dividend

($ per share)

2013

Reportable Dividend

($ per share)

2013 Taxable Ordinary  Dividend

($ per share)

2013

Total Capital Gain Distribution ($ per share)

2013

Unrecap Sec. 1250 Gain

($ per share)

02/12/2013

03/15/2013

03/29/2013

$0.414063

$0.414063

$0.310550

$0.103513

$0.012438

05/01/2013

06/14/2013

06/28/2013

$0.414063

$0.414063

$0.310550

$0.103513

$0.012438

07/23/2013

09/13/2013

09/30/2013

$0.414063

$0.414063

$0.310550

$0.103513

$0.012438

10/22/2013

12/13/2013

12/31/2013

$0.414063

$0.414063

$0.310550

$0.103513

$0.012438

2013 Totals



$1.656252

$1.656252

$1.242200

$0.414052

$0.049752

Series G Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868889
Ticker Symbol: DLRPRG

The 2013 reportable dividend for Digital Realty's Series G Cumulative Redeemable Preferred Stock was $1.068926 per share. For tax reporting purposes the 2013 reportable dividend will be classified as follows:  $0.801703 per share (75%) as ordinary taxable income and $0.267223 per share (25%) as capital gain distribution. 

The following table contains this information on a quarterly basis.

 

Declaration Dates

 

Record Dates

 

Payment Dates

Cash Dividend

($ per share)

2013

Reportable Dividend

($ per share)

2013 Taxable Ordinary  Dividend

($ per share)

2013

Total Capital Gain Distribution ($ per share)

2013

Unrecap Sec. 1250 Gain

($ per share)

05/01/2013

06/14/2013

06/28/2013

$0.334550

$0.334550

$0.250915

$0.083635

$0.010049

07/23/2013

09/13/2013

09/30/2013

$0.367188

$0.367188

$0.275394

$0.091794

$0.011030

10/22/2013

12/13/2013

12/31/2013

$0.367188

$0.367188

$0.275394

$0.091794

$0.011030

2013 Totals



$1.068926

$1.068926

$0.801703

$0.267223

$0.032109

Note that ticker symbols may vary by stock quote provider.

About Digital Realty

Digital Realty Trust, Inc. focuses on delivering customer-driven data center solutions by providing secure, reliable and cost-effective facilities that meet each customer's unique data center needs.  Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, health care and consumer products.  Digital Realty's 130 properties, including twelve properties held as investments in unconsolidated joint ventures, comprised approximately 23.8 million square feet as of September 30, 2013, including 2.8 million square feet of space held for development.  Digital Realty's portfolio is located in 33 markets throughout North America, Europe, Asia and Australia.  Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty's website at http://www.digitalrealty.com

Safe Harbor Statement

This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the payment of dividends on our common stock and preferred stock. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions, including the downgrade of the U.S. government's credit rating; current local economic conditions in our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; increased interest rates and operating costs; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or developed properties or businesses; the suitability of our properties and data center infrastructure, delays or disruptions in connectivity, failure of our physical infrastructure or services or availability of power; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and space held for development; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in real estate and zoning laws and increases in real property tax rates.  For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2012 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013.  The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

A. William Stein

John J. Stewart

Chief Financial Officer and

Senior Vice President

Chief Investment Officer

Investor Relations

Digital Realty Trust, Inc.

Digital Realty Trust, Inc.

+1 (415) 738-6500

+1 (415) 738-6500

SOURCE Digital Realty Trust, Inc.

Related Stocks:
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.