SAN FRANCISCO, June 6, 2011 /PRNewswire via COMTEX/ —
Digital Realty Trust, Inc. (NYSE:DLR, news, filings), a global wholesale datacenter provider, announced today that A. William Stein, the Company’s CFO and Chief Investment Officer, was presented the 2011 CFO of the Year Award for Transformation Agent. This award was presented by the San Francisco Business Times in partnership with Larkin Street Youth Services. Larkin Street Youth Services is an internationally recognized leader providing innovative, effective housing, medical, social and educational services to at-risk, homeless and runaway youths in San Francisco, California. The Transformation Agent Award was for a CFO of a public or private company who has broken through the traditional boundaries of finance in contributing to a significant transaction, transformation or turnaround of his/her company.
The award was based on Mr. Stein’s ability to source capital during a challenging economic environment, which has been critical to support the continued growth of the Company, as well as successfully managing the balance sheet through the credit crisis, anticipating disruptions in the market while preserving and enhancing the Company’s liquidity. “We closely monitor the markets and match opportunities with the requirements of the Company’s balance sheet in order to maintain the appropriate risk profile,” said Mr. Stein. “But none of this would be possible without my exceptionally talented colleagues at Digital.”
Mr. Stein was one of three finalists considered for this award. Nominations for each CFO Awards category were widely solicited throughout the Bay Area. The CFO Awards Nominating Committee, comprised of business executives and research analysts, screened nominations and provided information to the independent Selection Panel. The Selection Panel, comprised of business and academic leaders, chose the finalists and winners in each category based on a variety of criteria including consistency of performance, scope of responsibility and influence and managerial impact.
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 16.9 million square feet as of April 28, 2011, including 2.2 million square feet of space held for redevelopment. Digital Realty Trust’s portfolio is located in 28 markets throughout Europe, North America and Singapore. Additional information about Digital Realty Trust is included in the Company Overview, which is available on the Investors page of Digital Realty Trust’s website at http://www.digitalrealtytrust.com.
Forward Looking 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 capital markets activities. 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; 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 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; 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, 2010 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2011. 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 Matthews Garibaldi | |
| Chief Financial Officer and | Vice President, Investor Relations & | |
| Chief Investment Officer | Corporate Marketing | |
| Digital Realty Trust, Inc. | Digital Realty Trust, Inc. | |
| +1 (415) 738-6500 | +1 (415) 738-6500 | |
SOURCE Digital Realty Trust, Inc.
PR Archives: Latest, By Company, By Date