Seasoned Wall Street Analyst Brings Market Expertise to Investor Relations Team
SAN FRANCISCO, Aug. 26, 2013 /PRNewswire/ -- Digital Realty Trust, Inc. (DLR), a leading global provider of data center solutions, has named John Stewart Senior Vice President, Investor Relations. Mr. Stewart will be responsible for directing the Company's investor relations program and will report to A. William Stein, CFO and Chief Investment Officer. His expected start date is September 9, 2013.
Mr. Stewart has over 15 years of financial services industry experience. Prior to joining Digital Realty, he led the industrial and technology REIT sector coverage at Green Street Advisors, a leading independent real estate research firm. Previously, Mr. Stewart was the lead REIT analyst at Credit Suisse. He has followed the REIT sector since 2000, formerly as a member of top-ranked teams at Citigroup Investment Research and Merrill Lynch, and he has covered Digital Realty since its initial public offering in 2004. Mr. Stewart began his career as a credit analyst with the Corporate Finance group at Bank of America.
"John is an industry veteran with a deep knowledge of the shareholder landscape and extensive experience in the investment community, which will add great value to our investor relations program," said Michael F. Foust, Chief Executive Officer of Digital Realty. "We are very pleased to welcome John to our team and look forward to working with him to enhance our investor communications and outreach efforts."
"We have enjoyed a long-standing relationship with John during his coverage of Digital Realty from the sell-side," added Mr. Stein. "His standing in the investment community along with his extensive knowledge of the Company and data center industry makes him the ideal addition to our team."
Following a period of transition, Pamela Garibaldi will assume the role of Vice President, Global Marketing. She will be responsible for leading Digital Realty's marketing activities in North America, Europe and Asia Pacific and will report to Matt Miszewski, Senior Vice President, Sales.
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 information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 127 properties, including three properties held as investments in unconsolidated joint ventures, comprise approximately 23.7 million square feet as of June 30, 2013, including 2.8 million square feet of space held for development. Digital Realty's portfolio is located in 32 markets throughout Europe, North America, 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 our management team. 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 and June 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.
|For Additional Information:|
|A. William Stein||Pamela M. Garibaldi|
|Chief Financial Officer and||Vice President, Investor Relations|
|Chief Investment Officer||Digital Realty Trust, Inc.|
|Digital Realty Trust, Inc.||+1 (415) 738-6500|
|+1 (415) 738-6500|