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Summary: Digital Realty Trust Inc. Oct 11

  • ID: 1928069
  • October 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services' ratings on Digital Realty Trust Inc. and Digital Realty Trust L.P. (collectively, Digital) acknowledge the company's satisfactory business profile, given its good competitive position as a multimarket datacenter provider. We consider Digital's financial profile to be intermediate, based on moderate leverage, strong debt coverage measures, and management's willingness to issue equity to finance leverage-neutral growth to date. In our view, if tenant demand weakens in the near term, Digital's well-occupied portfolio of long-term leases subject to annual rent increases and a positive mark-to-market rent profile should cushion operating cash flow. However, we consider the high cost of fully equipped datacenter space which heightens the financial impact to a landlord from potential tenant and/or product obsolescence...

Companies mentioned in this report are: Digital Realty Trust Inc.,Digital Realty Trust L.P.
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. READ MORE >

Note: Product cover images may vary from those shown

Digital Realty Trust Inc.,Digital Realty Trust L.P.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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