Digital Realty Trust Inc.
), a niche real estate investment trust (REIT), has recently
unveiled its renovated data center facility at 210 N. Tucker in
downtown St. Louis. The $30 million renovation program was part of
a larger overhaul of the 18-storeyed building. On completion, the
facility will have about 500,000 square feet of digital storage
space and will carry about 90% of the Internet traffic in the
AMEREN CORP (AEE): Free Stock Analysis Report
DIGITAL RLTY TR (DLR): Free Stock Analysis
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As part of the current refurbishment, Digital Realty installed new
backup generators, improved wiring and electricity fittings, and
installed a new freight elevator in the building. Located in the
heart of downtown St. Louis, the data center facility offers design
flexibility that customers need to support their unique data center
The facility is powered by the underground power grid of Ameren UE,
a subsidiary of
), with multiple feeds and back-up on-site generation. The data
center is further serviced by multiple fiber providers that offer
the best array of connectivity options in St. Louis.
Digital Realty operates data centers and digital storage facilities
which are primarily used by telecommunication companies to maintain
their Internet presence or augment their data networks. Data
centers usually incur high costs for building and maintenance, and
as such the supply is relatively inelastic.
Digital Realty primarily focuses on investment in institutional
quality data center facilities in high barriers-to-entry markets
with significant potential to generate attractive risk-adjusted
return on investments (ROI).
The company provides flexible and cost effective data center
facilities to a wide range of customers, including domestic and
international companies across multiple industry verticals. Its
portfolio includes 109 properties throughout Europe, North America,
Asia, and Australia spanning approximately 21.1 million square feet
(including 2.2 million square feet of redevelopment space).
We presently have a Neutral recommendation for Digital Realty,
which currently has a Zacks #3 Rank that translates into a
short-term Hold rating.