Ranking Recognizes Companies with Prudent Governance and Sound Financials
SAN FRANCISCO, Jan. 3, 2011 /PRNewswire via COMTEX/ --
Digital Realty Trust, Inc. (NYSE:DLR, news, filings), a global wholesale datacenter provider, has been named one of the "Most Trustworthy Companies" in the United States by Forbes Magazine in the publication's latest ranking of publicly-traded corporations.
The rankings are based on data compiled for Forbes by Audit Integrity, an independent financial analysis firm that identified the most trustworthy publicly traded companies by assessing the soundness and transparency of corporate accounting and management practices. The rankings are based on analysis of financial data from income statements and balance sheets over the past eight quarters, as well as more than 100 qualitative factors related to effective risk management practices, the quality and integrity of the management team, financial transparency and other practices that have proven historically to be an indication of trustworthy companies.
"We are committed to maintaining the trust that customers and investors place in us and are honored to receive this recognition from Forbes," said Michael F. Foust, CEO and Director of Digital Realty Trust. "Forbes Most Trustworthy Companies rankings look very closely at financial stability and risk mitigation, which are two reasons why customers feel confident working with Digital Realty Trust. We take the same approach to managing our company for the long term from a shareholder perspective and believe this recognition also reflects our forward looking strategy."
For more information about the Forbes Magazine ranking of the country's Most Trustworthy Companies, visit http://www.forbes.com/2010/11/05/personal-finance-trustworthy-companies-list-investing.html.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. enables customers to deliver critical business applications by providing secure, reliable and cost effective datacenter facilities. Digital Realty Trust's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty Trust's 96 properties, excluding two properties held as investments in unconsolidated joint ventures, comprise approximately 16.8 million square feet as of December 9, 2010, including 2.3 million square feet of space held for redevelopment. Digital Realty Trust's portfolio is located in 28 markets throughout Europe, North America and Singapore. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.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 our ranking and strategy. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions; 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; our failure to repay debt when due 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 operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development or redevelopment 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 redevelopment; 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; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and 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, 2009 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010, June 30, 2010 and September 30, 2010. 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.
|For Additional Information:|
|A. William Stein||Pamela A. Matthews|
|Chief Financial Officer and||Director of Investor Relations|
|Chief Investment Officer||Digital Realty Trust|
|Digital Realty Trust||+1 415-738-6532|
SOURCE Digital Realty Trust, Inc.