SAN FRANCISCO, Aug. 29, 2017 /PRNewswire/ -- Digital Realty (NYSE:DLR, news, filings), a leading global provider of data center, colocation and interconnection solutions, reported today that all its employees and their families in Houston are safe and accounted for. Digital Realty also announced that it will be making a contribution to the hurricane relief efforts, and will match contributions from Digital Realty employees through the company's Matching Gifts Program. In addition, the company's Houston data center facility continues to maintain 100% uptime amid the historic rains and flooding brought by Hurricane Harvey.
"Our thoughts and prayers are with the people of Texas throughout this tragic event," said Digital Realty Chief Executive Officer A. William Stein. "We are relieved to report that our employees and their families in Houston are safe, and continuing to do whatever it takes to maintain uninterrupted service for the customers who rely on our Houston facility for mission-critical applications. We are proud of the resiliency of our data center designs as well as our operations teams on the ground."
Digital Realty's Houston data center facility is located approximately 17 miles north of downtown Houston, outside the FEMA-designated 500-year flood plain. As part of its standard emergency response protocols, Digital Realty ensures appropriate engineering, security and vendor coverage as well as the availability of critical spare parts, diesel fuel and emergency supplies. The company also maintains national contracts with multiple fuel suppliers to provide uninterrupted power in the event of a utility outage.
About Digital Realty
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 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. https://www.digitalrealty.com/
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Andrew P. Power
Chief Financial Officer
John J. Stewart / Maria S. Lukens
John Christiansen / Scott Lindlaw
Sard Verbinnen & Co.
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 uptime statistics, operations and procedures of our Houston data center facility. 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; the impact of the United Kingdom's referendum on withdrawal from the European Union on global financial markets and our business; 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 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2017 and June 30, 2017. 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.
SOURCE Digital Realty