Digital Realty Trust Announces Annual Meeting Results

Digital Realty Trust, Inc. (NYSE:DLR), a leading global provider of data center, colocation, and interconnection solutions with a market capitalization of $60.9 billion, reported the outcomes of its Annual Meeting of Stockholders held on June 6, 2025. According to InvestingPro analysis, the company currently trades at $177.69 per share and maintains a "GOOD" overall financial health rating, though technical indicators suggest the stock may be overbought.

During the meeting, stockholders voted on several key proposals, including the election of directors, ratification of the company’s independent auditor, approval of executive compensation, and other corporate matters.

Proposal 1 concerned the election of directors, where all nominees were elected to serve until the 2026 Annual Meeting of Stockholders. Votes for each director nominee far exceeded votes against, with significant broker non-votes also reported.

In Proposal 2, stockholders ratified the selection of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. The proposal received overwhelming support, with more than 293 million votes in favor.

Proposal 3, a non-binding advisory vote on the compensation of the company’s named executive officers, commonly known as "say-on-pay," passed with over 257 million votes in favor, despite a substantial number of votes against and abstentions.

Proposal 4 sought approval for the Amended and Restated Employee Stock Purchase Plan, which also passed with strong stockholder support, receiving over 295 million votes for the approval.

Lastly, Proposal 5, a stockholder proposal regarding the human right to water, did not pass. It received approximately 30 million votes in favor compared to more than 262 million votes against, with around 2.8 million abstentions.

The detailed voting results for each proposal indicate that the company has received a solid endorsement from its stockholders on the selected governance and compensation policies. The outcomes demonstrate the trust placed in the company’s leadership and strategic direction. This trust is reflected in the company’s track record of maintaining dividend payments for 22 consecutive years, with a current dividend yield of 2.76%. InvestingPro subscribers can access 10+ additional key insights about Digital Realty Trust, including detailed valuation metrics and growth forecasts in the comprehensive Pro Research Report.

This report is based on a press release statement from Digital Realty Trust, Inc. and reflects the official results of the company’s Annual Meeting of Stockholders as filed with the SEC. The company’s strong governance practices are complemented by solid financial performance, with $5.5 billion in revenue over the last twelve months and a healthy current ratio of 1.66, indicating strong liquidity management.

In other recent news, Digital Realty Trust reported its first-quarter 2025 financial results, showcasing a 6% year-over-year increase in core funds from operations (FFO) per share to $1.77 and a 7% rise in data center revenue. Despite missing earnings per share forecasts, the company raised its full-year core FFO guidance to a range of $7.05-$7.15 per share, reflecting confidence in continued growth. JMP Securities maintained a Market Outperform rating for Digital Realty Trust, with a price target of $220, despite adjusting revenue projections downward due to foreign exchange headwinds and decreased power pass-through revenue. Stifel analysts also reaffirmed a Buy rating with a $190 price target, noting strong leasing performance and growth prospects. Additionally, Digital Realty declared second-quarter dividends for 2025, with a quarterly cash dividend of $1.22 per share for common stockholders, payable at the end of June. The company has also authorized dividends for several series of preferred stock. These developments indicate ongoing confidence in Digital Realty Trust’s strategic initiatives and market position.

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