Digital Realty Announces Tax Treatment of 2020 Dividends
AUSTIN, Texas, Feb. 1, 2021 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today the tax treatment of its 2020 dividends for common stock and preferred stock. The information below has been prepared using the best available information to date. Digital Realty's federal income tax return for the year ended December 31, 2020 has not yet been filed. Please note that federal tax laws affect taxpayers differently, and we cannot advise you on how distributions should be reported on your federal income tax return. Please also note that state and local taxation of REIT distributions vary and may not be the same as the federal rules. Shareholders are urged to consult with their tax advisors as to their specific tax treatment of Digital Realty's dividends.
Digital Realty Trust, Inc. Common Stock Dividends
CUSIP # 253868103
Ticker Symbol: DLR
Digital Realty's 2020 taxable dividend of $3.705774 per share includes a portion (21%) of one quarterly distribution declared in 2019 and paid in January 2020, three quarterly distributions declared and paid in 2020, and a portion (10%) of one quarterly distribution declared in 2020 and paid in January 2021. Digital Realty's 2020 taxable dividend will be reported on Form 1099-DIV as follows: $2.667711 per share (72%) as ordinary income and $1.038063 per share (28%) as capital gain distribution.
The following table contains this information on a quarterly basis:
Record Dates |
Payment Dates (1) |
Cash Distribution ($ per share) (1) |
Taxable Dividend ($ per share) (1) |
Box 1a Ordinary Dividend ($ per share) |
Box 2a Long-Term Capital Gain ($ per share) |
Box 2b Un-Recaptured Section 1250 Gain ($ per share) |
Box 5 Section 199A Dividend ($ per share) (2) |
Section 1061 One-Year Capital Gain ($ per share) (3) |
Section 1061 Three-Year Capital Gain ($ per share) (3) |
12/15/2019 |
01/15/2020 |
$1.080000 |
$0.232062 |
$0.167057 |
$0.065005 |
$0.017064 |
$0.167057 |
$0.011886 |
$0 |
03/17/2020 |
03/31/2020 |
$1.120000 |
$1.120000 |
$0.806265 |
$0.313735 |
$0.082354 |
$0.806265 |
$0.057366 |
$0 |
06/15/2020 |
06/30/2020 |
$1.120000 |
$1.120000 |
$0.806265 |
$0.313735 |
$0.082354 |
$0.806265 |
$0.057366 |
$0 |
09/15/2020 |
09/30/2020 |
$1.120000 |
$1.120000 |
$0.806265 |
$0.313735 |
$0.082354 |
$0.806265 |
$0.057366 |
$0 |
12/15/2020 |
01/15/2021 |
$1.120000 |
$0.113712 |
$0.081859 |
$0.031853 |
$0.008361 |
$0.081859 |
$0.005824 |
$0 |
$5.560000 |
$3.705774 |
$2.667711 |
$1.038063 |
$0.272485 |
$2.667711 |
$0.189808 |
$0 |
(1) |
Please note that of the $1.12 quarterly distribution paid in January 2021, $0.113712 is included in the 2020 taxable dividend and $1.006288 will be considered as 2021 reportable dividend for federal income tax purposes. |
(2) |
Beginning in 2018, the Tax Cuts and Jobs Act of 2017 added Section 199A to allow for a new tax deduction based on certain qualified business income. Section 199A provides eligible individual taxpayers a deduction of up to 20% of their qualified real estate investment trust dividends (Box 5 of the Form 1099-DIV). |
(3) |
For purposes of Section 1061 of the Internal Revenue Code, Digital Realty is disclosing two additional capital gain categories. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests." Please consult your tax advisor with respect to the two additional categories disclosed herein. |
Series C Cumulative Redeemable Perpetual Preferred Stock Dividends
CUSIP # 253868848
Ticker Symbol: DLRPRC
The 2020 taxable dividend for Digital Realty Trust, Inc.'s Series C Cumulative Redeemable Perpetual Preferred Stock is $1.656252 per share. For tax reporting purposes, $1.192300 per share (72%) will be reported on Form 1009-DIV as ordinary income and $0.463952per share (28%) as capital gain distribution.
The following table contains this information on a quarterly basis:
Record Dates |
Payment Dates |
Cash Distribution ($ per share) |
Taxable Dividend ($ per share) |
Box 1a Ordinary Dividend ($ per share) |
Box 2a Long-Term Capital Gain ($ per share) |
Box 2b Unrecaptured Section 1250 Gain ($ per share) |
Box 5 Section 199A Dividend ($ per share) |
Section 1061 One Year Amounts Disclosure ($ per share) |
Section 1061 Three Year Amounts Disclosure ($ per share) |
03/17/2020 |
03/31/2020 |
$0.414063 |
$0.414063 |
$0.298075 |
$0.115988 |
$0.030446 |
$0.298075 |
$0.021208 |
$0 |
06/15/2020 |
06/30/2020 |
$0.414063 |
$0.414063 |
$0.298075 |
$0.115988 |
$0.030446 |
$0.298075 |
$0.021208 |
$0 |
09/15/2020 |
09/30/2020 |
$0.414063 |
$0.414063 |
$0.298075 |
$0.115988 |
$0.030446 |
$0.298075 |
$0.021208 |
$0 |
12/15/2020 |
12/31/2020 |
$0.414063 |
$0.414063 |
$0.298075 |
$0.115988 |
$0.030446 |
$0.298075 |
$0.021208 |
$0 |
$1.656252 |
$1.656252 |
$1.192300 |
$0.463952 |
$0.121784 |
$1.192300 |
$0.084832 |
$0 |
Series G Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868889
Ticker Symbol: DLRPRG
The 2020 taxable dividend for Digital Realty Trust, Inc.'s Series G Cumulative Redeemable Preferred Stock is $1.158682 per share. For tax reporting purposes, $0.834111 per share (72%) will be reported on Form 1099-DIV as ordinary income and $0.324571 per share (28%) as capital gain distribution.
The following table contains this information on a quarterly basis:
Record Dates |
Payment Dates |
Cash Distribution ($ per share) |
Taxable Dividend ($ per share) |
Box 1a Ordinary Dividend ($ per share) |
Box 2a Long-Term Capital Gain ($ per share) |
Box 2b Unrecaptured Section 1250 Gain ($ per share) |
Box 5 Section 199A Dividend ($ per share) |
Section 1061 One Year Amounts Disclosure ($ per share) |
Section 1061 Three Year Amounts Disclosure ($ per share) |
03/17/2020 |
03/31/2020 |
$0.367188 |
$0.367188 |
$0.264331 |
$0.102857 |
$0.026999 |
$0.264331 |
$0.018807 |
$0 |
06/15/2020 |
06/30/2020 |
$0.367188 |
$0.367188 |
$0.264331 |
$0.102857 |
$0.026999 |
$0.264331 |
$0.018807 |
$0 |
09/15/2020 |
09/30/2020 |
$0.367188 |
$0.367188 |
$0.264331 |
$0.102857 |
$0.026999 |
$0.264331 |
$0.018807 |
$0 |
10/15/2020 |
10/15/2020 |
$0.057118 |
$0.057118 |
$0.041118 |
$0.016000 |
$0.004200 |
$0.041118 |
$0.002926 |
$0 |
$1.158682 |
$1.158682 |
$0.834111 |
$0.324571 |
$0.085197 |
$0.834111 |
$0.059347 |
$0 |
Digital Realty's Series G Cumulative Redeemable Preferred Stock was redeemed in full on October 15, 2020.
Series I Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868863
Ticker Symbol: DLRPRI
The 2020 taxable dividend for Digital Realty Trust, Inc.'s Series I Cumulative Redeemable Preferred Stock is $1.089200 per share. For tax reporting purposes, $0.784092 per share (72%) will be reported on Form 1099-DIV as ordinary income and $0.305108 per share (28%) as capital gain distribution.
The following table contains this information on a quarterly basis:
Record Dates |
Payment Dates |
Cash Distribution ($ per share) |
Taxable Dividend ($ per share) |
Box 1a Ordinary Dividend ($ per share) |
Box 2a Long-Term Capital Gain ($ per share) |
Box 2b Unrecaptured Section 1250 Gain ($ per share) |
Box 5 Section 199A Dividend ($ per share) |
Section 1061 One Year Amounts Disclosure ($ per share) |
Section 1061 Three Year Amounts Disclosure ($ per share) |
03/17/2020 |
03/31/2020 |
$0.396875 |
$0.396875 |
$0.285702 |
$0.111173 |
$0.029182 |
$0.285702 |
$0.020328 |
$0 |
06/15/2020 |
06/30/2020 |
$0.396875 |
$0.396875 |
$0.285702 |
$0.111173 |
$0.029182 |
$0.285702 |
$0.020328 |
$0 |
09/08/2020 |
09/08/2020 |
$0.295450 |
$0.295450 |
$0.212688 |
$0.082762 |
$0.021724 |
$0.212688 |
$0.015133 |
$0 |
$1.089200 |
$1.089200 |
$0.784092 |
$0.305108 |
$0.080088 |
$0.784092 |
$0.055789 |
$0 |
Digital Realty's Series I Cumulative Redeemable Preferred Stock was redeemed in full on September 8, 2020.
Series J Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868855
Ticker Symbol: DLRPRJ
The 2020 reportable dividend for Digital Realty Trust, Inc.'s Series J Cumulative Redeemable Preferred Stock is $1.312500 per share. For tax reporting purposes, $0.944840 per share (72%) will be reported on Form 1099-DIV as ordinary income and $0.367660 per share (28%) as capital gain distribution.
The following table contains this information on a quarterly basis:
Record Dates |
Payment Dates |
Cash Distribution ($ per share) |
Taxable Dividend ($ per share) |
Box 1a Ordinary Dividend ($ per share) |
Box 2a Long-Term Capital Gain ($ per share) |
Box 2b Unrecaptured Section 1250 Gain ($ per share) |
Box 5 Section 199A Dividend ($ per share) |
Section 1061 One Year Amounts Disclosure ($ per share) |
Section 1061 Three Year Amounts Disclosure ($ per share) |
03/17/2020 |
03/31/2020 |
$0.328125 |
$0.328125 |
$0.236210 |
$0.091915 |
$0.024127 |
$0.236210 |
$0.016807 |
$0 |
06/15/2020 |
06/30/2020 |
$0.328125 |
$0.328125 |
$0.236210 |
$0.091915 |
$0.024127 |
$0.236210 |
$0.016807 |
$0 |
09/15/2020 |
09/30/2020 |
$0.328125 |
$0.328125 |
$0.236210 |
$0.091915 |
$0.024127 |
$0.236210 |
$0.016807 |
$0 |
12/15/2020 |
12/31/2020 |
$0.328125 |
$0.328125 |
$0.236210 |
$0.091915 |
$0.024127 |
$0.236210 |
$0.016807 |
$0 |
$1.312500 |
$1.312500 |
$0.944840 |
$0.367660 |
$0.096508 |
$0.944840 |
$0.067228 |
$0 |
Series K Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868830
Ticker Symbol: DLRPRK
The 2020 taxable dividend for Digital Realty Trust, Inc.'s Series K Cumulative Redeemable Preferred Stock is $1.462500 per share. For tax reporting purposes, $1.052824 per share (72%) will be reported on Form 1099-DIV as ordinary income and $0.409676per share (28%) as capital gain distribution.
The following table contains this information on a quarterly basis:
Record Dates |
Payment Dates |
Cash Distribution ($ per share) |
Taxable Dividend ($ per share) |
Box 1a Ordinary Dividend ($ per share) |
Box 2a Long-Term Capital Gain ($ per share) |
Box 2b Unrecaptured Section 1250 Gain ($ per share) |
Box 5 Section 199A Dividend ($ per share) |
Section 1061 One Year Amounts Disclosure ($ per share) |
Section 1061 Three Year Amounts Disclosure ($ per share) |
03/17/2020 |
03/31/2020 |
$0.365625 |
$0.365625 |
$0.263206 |
$0.102419 |
$0.026884 |
$0.263206 |
$0.018727 |
$0 |
06/15/2020 |
06/30/2020 |
$0.365625 |
$0.365625 |
$0.263206 |
$0.102419 |
$0.026884 |
$0.263206 |
$0.018727 |
$0 |
09/15/2020 |
09/30/2020 |
$0.365625 |
$0.365625 |
$0.263206 |
$0.102419 |
$0.026884 |
$0.263206 |
$0.018727 |
$0 |
12/15/2020 |
12/31/2020 |
$0.365625 |
$0.365625 |
$0.263206 |
$0.102419 |
$0.026884 |
$0.263206 |
$0.018727 |
$0 |
$1.462500 |
$1.462500 |
$1.052824 |
$0.409676 |
$0.107536 |
$1.052824 |
$0.074908 |
$0 |
Series L Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868822
Ticker Symbol: DLRPRL
The 2020 taxable dividend for Digital Realty Trust, Inc.'s Series L Cumulative Redeemable Preferred Stock is $1.300000 per share. For tax reporting purposes, $0.935844 per share (72%) will be reported on Form 1099-DIV as ordinary income and $0.364156 per share (28%) as capital gain distribution.
The following table contains this information on a quarterly basis:
Record Dates |
Payment Dates |
Cash Distribution ($ per share) |
Taxable Dividend ($ per share) |
Box 1a Ordinary Dividend ($ per share) |
Box 2a Long-Term Capital Gain ($ per share) |
Box 2b Unrecaptured Section 1250 Gain ($ per share) |
Box 5 Section 199A Dividend ($ per share) |
Section 1061 One Year Amounts Disclosure ($ per share) |
Section 1061 Three Year Amounts Disclosure ($ per share) |
03/17/2020 |
03/31/2020 |
$0.325000 |
$0.325000 |
$0.233961 |
$0.091039 |
$0.023897 |
$0.233961 |
$0.016646 |
$0 |
06/15/2020 |
06/30/2020 |
$0.325000 |
$0.325000 |
$0.233961 |
$0.091039 |
$0.023897 |
$0.233961 |
$0.016646 |
$0 |
09/15/2020 |
09/30/2020 |
$0.325000 |
$0.325000 |
$0.233961 |
$0.091039 |
$0.023897 |
$0.233961 |
$0.016646 |
$0 |
12/15/2020 |
12/31/2020 |
$0.325000 |
$0.325000 |
$0.233961 |
$0.091039 |
$0.023897 |
$0.233961 |
$0.016646 |
$0 |
$1.300000 |
$1.300000 |
$0.935844 |
$0.364156 |
$0.095588 |
$0.935844 |
$0.066584 |
$0 |
Note that ticker symbols may vary by stock quote provider.
For Additional Information
Andrew P. Power
Chief Financial Officer
Digital Realty
(415) 738-6500
Investor Relations
John J. Stewart / Jim Huseby
Digital Realty
(415) 738-6500
[email protected]
About Digital Realty
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDx™ solution methodology for scaling digital business and efficiently managing data gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with more than 280 facilities in 49 metros across 24 countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.
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 amount and payment of dividends on our common stock and preferred stock. For a 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. 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
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