Milestone Reflects Company's Commitment to Operational Excellence and Customer Success
SAN FRANCISCO, April 5, 2017 /PRNewswire/ -- Digital Realty (NYSE:DLR, news, filings), a leading global provider of data center, colocation and interconnection solutions, announced today its 10th consecutive year of "five nines" of uptime – with 99.999 percent availability throughout 2016.
"We are thrilled to have reached this important milestone, which reflects our steadfast commitment to developing and delivering the world's most dependable data center solutions," said A. William Stein,Digital Realty's Chief Executive Officer. "Our data centers are built and operated to rigorous standards by the most talented and best-trained team in the industry, which allows us to consistently deliver solutions that provide the reliability our customers require to run their businesses."
Digital Realty recently surpassed 1.45 billion operating minutes across its 145 properties, encompassing approximately 23 million square feet in 33 metropolitan areas around the world. The company's global portfolio and comprehensive solutions enable Digital Realty customers to expand from a single cabinet to a multi-megawatt facility as their needs grow, with no change in providers and no interruption in service.
"This year's exciting achievement is especially notable given the growth of our portfolio, from 79 data center suites in 2007 to more than 500 data center suites in 2016," said Jarrett Appleby, Digital Realty's Chief Operating Officer. "We thank our customers for their continued confidence in Digital Realty, and we are proud to continue serving them with operational excellence and consistently high levels of performance and reliability."
Uptime metrics are based on a comprehensive evaluation of data center suites owned and operated by Digital Realty worldwide, using standard industry methodology. These results do not include data center suites within the eight European facilities acquired by Digital Realty in July 2016. Total operational minutes were prorated per year for each data center suite, beginning on the commissioning completion date, between 2007 and 2016.
About Digital Realty
Digital Realty supports the data center and colocation strategies of more than 2,200 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
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 uptime statistics and our approach to construction, operations and maintenance. These risks and uncertainties include, among others, the following: the impact of current global economic, credit and market conditions; current local economic conditions in the metropolitan areas in which we operate; 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; 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 and information security 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, increased operating costs or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and development space; 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, 2016. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether due to new information, future events or otherwise.
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SOURCE Digital Realty