SAN FRANCISCO, Nov. 15, 2012
/PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading
global provider of data center solutions, announced today that its owned
and operated facilities that were in the path of Superstorm Sandy and
the Nor'easter that followed maintained 100% uptime. A total of 15 sites
were directly impacted in seven states, including Massachusetts, Connecticut, New York, New Jersey, Pennsylvania, Virginia and North Carolina.
As part of its ongoing preparedness program, Digital Realty maintains
multiple contracts with fuel suppliers to provide uninterrupted power
to its customers. Under these fuel contracts, Digital Realty took
delivery of over 176,000 gallons of fuel, consuming over 60% in 165
hours of generator support for its data centers impacted by utility
outages. Additionally, the Company assisted several customers with
procuring over 30,000 gallons of fuel for their own corporate data
centers, some of which were located at sites that were not owned or
operated by Digital Realty.
"We arranged for fuel, if needed, for our customers' primary and secondary locations that were in the path of Sandy," said David Caron,
Senior Vice President, Portfolio Management at Digital Realty. "It
proved to be a sound decision. With respect to our facilities, we
believe our performance during these extraordinary circumstances
demonstrated the resiliency of our Turn-Key Flex℠ design as well as the
skill and dedication of our technical and property operations teams."
Digital Realty operating team members worked over 9,000 hours during
the storm and immediately afterwards in order to ensure the Company's
data centers had the power resources needed to support customers'
operations.
As an added precaution, Digital Realty had dispatched manufacturers'
representatives to be on site around the clock to assist customers who
might face problems that would not have otherwise been resolved due to
transportation limitations. Over 9 megawatts of power were provided via
generators for extended utility outages at four of the Company's
facilities.
"With a total of 15 sites affected by the storm, we are especially
proud of the way our local teams performed over the past few weeks.
Their commitment and dedication resulted in the highest level of
customer service under the most challenging circumstances," said Michael F. Foust,
Chief Executive Officer at Digital Realty. "Our teams kept our
customers' data centers up and running, often coming up with creative
solutions under extremely difficult conditions, and in some cases
supported data center operations at non-Digital Realty locations. Their
outstanding performance and the resiliency of our designs were the
direct result of our long operating history, our rigorous maintenance
and testing procedures, as well as our disciplined approach to emergency
preparedness."
About Digital Realty
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 impact of Superstorm Sandy on our operations,
which are based on our current estimates. 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:
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A. William Stein
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Pamela M. Garibaldi
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Chief Financial Officer and
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Vice President, Investor Relations and
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Chief Investment Officer
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Corporate Marketing
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Digital Realty Trust, Inc.
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Digital Realty Trust, Inc.
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+1 (415) 738-6500
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+1 (415) 738-6500
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SOURCE Digital Realty Trust, Inc.