SAN FRANCISCO—As GlobeSt.com reported in May, locally basedDigital Realty Trust reported a 9% earnings jumpover Q1 2013. The firm also executed leases totaling $47 million ofannualized GAAP rental revenue, including a $12 million directlease with a former sub-tenant.
In an update to that story, analyst RBC CapitalMarkets says that “Unlike some of its peers, DLR has shownconsistent pricing discipline, as evidenced by rent trends at itsmajor properties.” RBC's property-level analysis of annualized cashrent per square foot at major turnkey sites in key markets showsgenerally stable to upward movement in turnkey rents across thecompany's major US and international markets.
The firm also notes that “Our discussions with industry contactssuggest that wholesale demand remains higher than year-ago levels.We believe that strong leasing demand and signings in late 2013 andearly 2014 can translate to strong financial performance in 2014,potentially leading to higher management guidance.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
