Digital Realty Trust, Inc. Announces Tax Treatment Of 2012 Dividends

SAN FRANCISCO, Jan. 23, 2013 /PRNewswire/ -- Digital Realty Trust (NYSE: DLR) today announced the tax treatment of its 2012 common and preferred stock dividends. Shareholders are urged to consult with their tax advisors as to their specific tax treatment of Digital Realty's distributions.

Digital Realty Trust, Inc. Common Stock Dividends
CUSIP # 253868103
Ticker Symbol: DLR

The 2012 reportable dividend of $2.829608 per share includes a portion (94.06%) of the quarterly distribution declared in 2011 and paid in 2012, and three quarterly distributions declared and paid in 2012. The common dividend declared in 2012 and paid in 2013 is considered a reportable dividend for 2013 income tax purposes.  The 2012 reportable dividend will be classified on Form 1099-DIV as follows:  $2.577722 per share (91.10%) as ordinary income; $0.021246 per share (0.75%) as capital gain distribution; and $0.230640 per share (8.15%) as return of capital.

The following table contains this information on a quarterly basis.

 

Declaration Dates

 

Record Dates

 

Payment Dates

Cash Dividend

($ per share)

2012

Reportable Dividend

($ per share)

2012 Taxable Ordinary  Dividend

($ per share)

2012

Total Capital Gain Distribution ($ per share)

2012

Return of Capital

($ per share)

10/24/2011

12/15/2011

01/13/2012

$0.680000

$0.639608

$0.582671

$0.004803

$0.052134

02/14/2012

03/15/2012

03/30/2012

$0.730000

$0.730000

$0.665017

$0.005481

$0.059502

04/23/2012

06/15/2012

06/29/2012

$0.730000

$0.730000

$0.665017

$0.005481

$0.059502

07/19/2012

09/14/2012

09/28/2012

$0.730000

$0.730000

$0.665017

$0.005481

$0.059502

2012 Totals




$2.829608

$2.577722

$0.021246

$0.230640









 

Digital Realty Trust, Inc. Preferred Stock Dividends

Series C Cumulative Convertible Preferred Stock Dividends
CUSIP # 253868509

The 2012 reportable dividend for Digital Realty's Series C Cumulative Convertible Preferred Stock was $0.707538 per share including taxable deemed distributions.  For tax reporting purposes the 2012 reportable dividend will be classified as follows:  $0.701754 per share (99.18%) as ordinary taxable income; and $0.005784 per share (0.082%) as capital gain distribution. 

The following table contains this information on a quarterly basis.

 

Declaration Dates

 

Record Dates

 

Payment Dates

Cash Dividend

($ per share)

Dividend Deemed under IRC Sec 305

2012

Reportable Dividend

($ per share)

2012 Taxable Ordinary  Dividend

($ per share)

2012

Total Capital Gain Distribution ($ per share)

02/14/2012

03/15/2012

03/30/2012

$0.273438


$0.273438

$0.271203

$0.002235


03/15/2012



$0.434100

$0.434100

$0.430551

$0.003549

2012 Totals



$0.273438


$0.707538

$0.701754

$0.005784

 

Series D Cumulative Convertible Preferred Stock Dividends
CUSIP # 253868608

The 2012 reportable dividend for Digital Realty's Series D Cumulative Convertible Preferred Stock was $2.532680 per share including taxable deemed distributions.  For tax reporting purposes the 2012 reportable dividend will be classified as follows:  $2.511976 per share (99.18%) as ordinary taxable income; and $0.020704 per share (0.082%) as capital gain distribution. 

The following table contains this information on a quarterly basis.

 

Declaration Dates

 

Record Dates

 

Payment Dates

Cash Dividend

($ per share)

Dividend Deemed under IRC Sec 305

2012

Reportable Dividend

($ per share)

2012 Taxable Ordinary  Dividend

($ per share)

2012

Total Capital Gain Distribution ($ per share)

02/14/2012

03/15/2012

03/30/2012

$0.343750


$0.343750

$0.340940

$0.002810


03/15/2012



$0.578800

$0.578800

$0.574068

$0.004732

04/23/2012

06/15/2012

06/29/2012

$0.343750


$0.343750

$0.340940

$0.002810

07/19/2012

09/14/2012

09/28/2012

$0.343750


$0.343750

$0.340940

$0.002810


09/14/2012



$0.578880

$0.578880

$0.574148

$0.004732

10/30/2012

12/14/2012

12/31/2012

$0.343750


$0.343750

$0.340940

$0.002810

2012 Totals



$1.375000


$2.532680

$2.511976

$0.020704

Series E Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868707
Ticker Symbol: DLRPRE

The 2012 reportable dividend for Digital Realty's Series E Cumulative Redeemable Preferred Stock was $1.750000 per share. For tax reporting purposes the 2012 reportable dividend will be classified as follows:  $1.735696 per share (99.18%) as ordinary taxable income; and $0.014304 per share (0.082%) as capital gain distribution. 

The following table contains this information on a quarterly basis.

 

Declaration Dates

 

Record Dates

 

Payment Dates

Cash Dividend

($ per share)

2012

Reportable Dividend

($ per share)

2012 Taxable Ordinary  Dividend

($ per share)

2012

Total Capital Gain Distribution ($ per share)

02/14/2012

03/15/2012

03/30/2012

$0.437500

$0.437500

$0.433924

$0.003576

04/23/2012

06/15/2012

06/29/2012

$0.437500

$0.437500

$0.433924

$0.003576

07/19/2012

09/14/2012

09/28/2012

$0.437500

$0.437500

$0.433924

$0.003576

10/30/2012

12/14/2012

12/31/2012

$0.437500

$0.437500

$0.433924

$0.003576

2012 Totals



$1.750000

$1.750000

$1.735696

$0.014304

Series F Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868806
Ticker Symbol: DLRPRF

The 2012 reportable dividend for Digital Realty's Series F Cumulative Redeemable Preferred Stock was $1.223786 per share. For tax reporting purposes the 2012 reportable dividend will be classified as follows:  $1.213782 per share (99.18%) as ordinary taxable income; and $0.010004 per share (0.082%) as capital gain distribution. 

The following table contains this information on a quarterly basis.

 

Declaration Dates

 

Record Dates

 

Payment Dates

Cash Dividend

($ per share)

2012

Reportable Dividend

($ per share)

2012 Taxable Ordinary  Dividend

($ per share)

2012

Total Capital Gain Distribution ($ per share)

04/23/2012

06/15/2012

06/29/2012

$0.395660

$0.395660

$0.392426

$0.003234

07/19/2012

09/14/2012

09/28/2012

$0.414063

$0.414063

$0.410678

$0.003385

10/30/2012

12/14/2012

12/31/2012

$0.414063

$0.414063

$0.410678

$0.003385

2012 Totals



$1.223786

$1.223786

$1.213782

$0.010004

Note that ticker symbols may vary by stock quote provider.

About Digital Realty Trust, Inc.

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 110 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 21.2 million square feet as of October 26, 2012, including 2.2 million square feet of space held for redevelopment. 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 the payment of dividends on our common stock and preferred stock. 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 redeveloped properties or businesses; 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, 2011 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2012, June 30, 2012 and September 30, 2012.  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 and

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.



RELATED LINKS
http://www.digitalrealtytrust.com

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