AUSTIN, Texas - Digital Realty (NYSE: NYSE:DLR), a leading provider of data center, colocation, and interconnection solutions, announced the appointment of Susan Swanezy to its Board of Directors as an independent director, effective from Monday. Swanezy, who has over 30 years of experience in institutional real estate and infrastructure private capital raising, joins the board following the departure of Alexis Black Bjorlin last year.
The addition of Swanezy is expected to bolster the company's strategic private capital funding model, which was expanded in the previous year. Swanezy's career spans roles as a real estate investment banker and in real estate investment management. Her most recent position was as a Partner at Hodes Weill & Associates, where she led infrastructure and real assets initiatives, and raised capital for real estate strategies.
Swanezy also holds a directorship at AvalonBay Communities (NYSE:AVB), Inc., where she chairs its Nominating, Governance and Corporate Responsibility Committee. Additionally, she is involved with the Pension Real Estate Association and WX Women Executives in Real Estate.
Mary Hogan Preusse, Chair of the Board of Directors at Digital Realty, expressed confidence in Swanezy's expertise contributing to the company's growth, particularly in strategic capital formation. Swanezy herself remarked on the opportunity to support Digital Realty in capitalizing on the expanding data center sector.
Digital Realty operates over 300 data center facilities across more than 25 countries, offering solutions to manage and interconnect data for their customers. The company's PlatformDIGITAL® aims to address data gravity challenges and support digital business.
InvestingPro Insights
As Digital Realty (NYSE: DLR) welcomes Susan Swanezy to its board, the company's financial health and market position remain a focal point for investors. With a substantial market capitalization of $43.94 billion, Digital Realty stands as a significant player in the Specialized REITs industry. This is underscored by the company's impressive revenue growth, which was 16.44% for the last twelve months as of Q1 2023, reflecting a robust expansion in its operations. Additionally, the company's gross profit margin during the same period was a solid 52.3%, indicating efficient management and strong profitability potential.
InvestingPro Tips highlight that Digital Realty is trading at a high earnings multiple, with a P/E ratio of 46.14, and an adjusted P/E ratio for the last twelve months as of Q1 2023 at 155.65. This suggests that investors may be expecting higher growth from the company in the near future. Moreover, Digital Realty has demonstrated a commitment to shareholders through consistent dividend payments for the past 21 years, providing a dividend yield of 3.52% as of the latest data.
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