Digital Realty Announces Tax Treatment of 2020 Dividends

AUSTIN, Texas, Feb. 1, 2021 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today the tax treatment of its 2020 dividends for common stock and preferred stock. The information below has been prepared using the best available information to date. Digital Realty's federal income tax return for the year ended December 31, 2020 has not yet been filed. Please note that federal tax laws affect taxpayers differently, and we cannot advise you on how distributions should be reported on your federal income tax return. Please also note that state and local taxation of REIT distributions vary and may not be the same as the federal rules. Shareholders are urged to consult with their tax advisors as to their specific tax treatment of Digital Realty's dividends.

Digital Realty Trust, Inc. Common Stock Dividends
CUSIP # 253868103
Ticker Symbol: DLR

Digital Realty's 2020 taxable dividend of $3.705774 per share includes a portion (21%) of one quarterly distribution declared in 2019 and paid in January 2020, three quarterly distributions declared and paid in 2020, and a portion (10%) of one quarterly distribution declared in 2020 and paid in January 2021. Digital Realty's 2020 taxable dividend will be reported on Form 1099-DIV as follows: $2.667711 per share (72%) as ordinary income and $1.038063 per share (28%) as capital gain distribution.

The following table contains this information on a quarterly basis:

                                              Section 1061                           Section 1061

                                                                                                                                                                                                                                                 One-Year Capital              
                  Three-
                                                                                                                                                                                                                                 Gain ($ per share) (3)                     Year Capital Gain ($
             Record Dates   Payment Dates (1)          
         
         Cash              Taxable Dividend   Box 1a Ordinary Dividend   
     
             Box 2a            
     
              Box 2b              
     
              Box 5                                                    per share) (3)

                                                   
           
       Distribution          ($ per share) (1)        ($ per share)            Long-Term Capital Gain      Un-Recaptured Section 1250
                                                                                                                                                                               Gain                   Section 199A Dividend

                                                                  ($ per
                                                               
                  share)
                                                                               (1)                                                          ($ per share)                 ($ per share)                 ($ per share) (2)

    ---

         12/15/2019       
            01/15/2020                              $1.080000          $0.232062                  $0.167057                     $0.065005                        $0.017064                      $0.167057                              $0.011886                              $0

        ---

         03/17/2020       
            03/31/2020                              $1.120000          $1.120000                  $0.806265                     $0.313735                        $0.082354                      $0.806265                              $0.057366                              $0

        ---

         06/15/2020       
            06/30/2020                              $1.120000          $1.120000                  $0.806265                     $0.313735                        $0.082354                      $0.806265                              $0.057366                              $0

        ---

         09/15/2020       
            09/30/2020                              $1.120000          $1.120000                  $0.806265                     $0.313735                        $0.082354                      $0.806265                              $0.057366                              $0

        ---

         12/15/2020       
            01/15/2021                              $1.120000          $0.113712                  $0.081859                     $0.031853                        $0.008361                      $0.081859                              $0.005824                              $0

        ---

                                                                           $5.560000          $3.705774                  $2.667711                     $1.038063                        $0.272485                      $2.667711                              $0.189808                              $0





              (1)              Please note that of the $1.12
                                  quarterly distribution paid
                                  in January 2021, $0.113712
                                  is included in the 2020
                                  taxable dividend and
                                  $1.006288 will be considered
                                  as 2021 reportable dividend
                                  for federal income tax
                                  purposes.



              (2)              Beginning in 2018, the Tax
                                  Cuts and Jobs Act of 2017
                                  added Section 199A to allow
                                  for a new tax deduction
                                  based on certain qualified
                                  business income.  Section
                                  199A provides eligible
                                  individual taxpayers a
                                  deduction of up to 20% of
                                  their qualified real estate
                                  investment trust dividends
                                  (Box 5 of the Form
                                  1099-DIV).



              (3)              For purposes of Section 1061
                                  of the Internal Revenue
                                  Code, Digital Realty is
                                  disclosing two additional
                                  capital gain categories.
                                  Section 1061 is generally
                                  applicable to direct and
                                  indirect holders of
                                  "applicable partnership
                                  interests."  Please consult
                                  your tax advisor with
                                  respect to the two
                                  additional categories
                                  disclosed herein.

Series C Cumulative Redeemable Perpetual Preferred Stock Dividends
CUSIP # 253868848
Ticker Symbol: DLRPRC

The 2020 taxable dividend for Digital Realty Trust, Inc.'s Series C Cumulative Redeemable Perpetual Preferred Stock is $1.656252 per share. For tax reporting purposes, $1.192300 per share (72%) will be reported on Form 1009-DIV as ordinary income and $0.463952per share (28%) as capital gain distribution.

The following table contains this information on a quarterly basis:

               Record Dates   Payment Dates Cash Distribution Taxable Dividend        Box 1a                Box 2a            
     
                Box 2b                         Box 5              Section 1061 One Year Amounts        Section 1061 Three Year
                                                                                                                                                                                                  Disclosure ($ per share)         Amounts Disclosure ($ per
                                                                                                                                                                                                                                             share)

                                              ($ per share)     ($ per share)   Ordinary Dividend   Long-Term Capital Gain       Unrecaptured Section 1250 Gain     Section 199A Dividend

                                                                                  ($ per share)          ($ per share)                    ($ per share)                 ($ per share)

    ---

          03/17/2020        
        03/31/2020         $0.414063         $0.414063           $0.298075                 $0.115988                             $0.030446                  $0.298075                           $0.021208                           $0

        ---

          06/15/2020        
        06/30/2020         $0.414063         $0.414063           $0.298075                 $0.115988                             $0.030446                  $0.298075                           $0.021208                           $0

        ---

          09/15/2020        
        09/30/2020         $0.414063         $0.414063           $0.298075                 $0.115988                             $0.030446                  $0.298075                           $0.021208                           $0

        ---

          12/15/2020        
        12/31/2020         $0.414063         $0.414063           $0.298075                 $0.115988                             $0.030446                  $0.298075                           $0.021208                           $0

        ---

                                                    $1.656252         $1.656252           $1.192300                 $0.463952                             $0.121784                  $1.192300                           $0.084832                           $0


Series G Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868889
Ticker Symbol: DLRPRG

The 2020 taxable dividend for Digital Realty Trust, Inc.'s Series G Cumulative Redeemable Preferred Stock is $1.158682 per share. For tax reporting purposes, $0.834111 per share (72%) will be reported on Form 1099-DIV as ordinary income and $0.324571 per share (28%) as capital gain distribution.

The following table contains this information on a quarterly basis:

               Record Dates   Payment Dates Cash Distribution Taxable Dividend        Box 1a                Box 2a            
     
                Box 2b                         Box 5              Section 1061 One Year Amounts        Section 1061 Three Year
                                                                                                                                                                                                  Disclosure ($ per share)         Amounts Disclosure ($ per
                                                                                                                                                                                                                                             share)

                                              ($ per share)     ($ per share)   Ordinary Dividend   Long-Term Capital Gain       Unrecaptured Section 1250 Gain     Section 199A Dividend

                                                                                  ($ per share)          ($ per share)                    ($ per share)                 ($ per share)

    ---

          03/17/2020        
        03/31/2020         $0.367188         $0.367188           $0.264331                 $0.102857                             $0.026999                  $0.264331                           $0.018807                           $0

        ---

          06/15/2020        
        06/30/2020         $0.367188         $0.367188           $0.264331                 $0.102857                             $0.026999                  $0.264331                           $0.018807                           $0

        ---

          09/15/2020        
        09/30/2020         $0.367188         $0.367188           $0.264331                 $0.102857                             $0.026999                  $0.264331                           $0.018807                           $0

        ---

          10/15/2020        
        10/15/2020         $0.057118         $0.057118           $0.041118                 $0.016000                             $0.004200                  $0.041118                           $0.002926                           $0

        ---

                                                    $1.158682         $1.158682           $0.834111                 $0.324571                             $0.085197                  $0.834111                           $0.059347                           $0


Digital Realty's Series G Cumulative Redeemable Preferred Stock was redeemed in full on October 15, 2020.

Series I Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868863
Ticker Symbol: DLRPRI

The 2020 taxable dividend for Digital Realty Trust, Inc.'s Series I Cumulative Redeemable Preferred Stock is $1.089200 per share. For tax reporting purposes, $0.784092 per share (72%) will be reported on Form 1099-DIV as ordinary income and $0.305108 per share (28%) as capital gain distribution.

The following table contains this information on a quarterly basis:

               Record Dates   Payment Dates Cash Distribution Taxable Dividend        Box 1a                Box 2a            
     
                Box 2b                         Box 5              Section 1061 One Year Amounts        Section 1061 Three Year
                                                                                                                                                                                                  Disclosure ($ per share)         Amounts Disclosure ($ per
                                                                                                                                                                                                                                             share)

                                              ($ per share)     ($ per share)   Ordinary Dividend   Long-Term Capital Gain       Unrecaptured Section 1250 Gain     Section 199A Dividend

                                                                                  ($ per share)          ($ per share)                    ($ per share)                 ($ per share)

    ---

          03/17/2020        
        03/31/2020         $0.396875         $0.396875           $0.285702                 $0.111173                             $0.029182                  $0.285702                           $0.020328                           $0

        ---

          06/15/2020        
        06/30/2020         $0.396875         $0.396875           $0.285702                 $0.111173                             $0.029182                  $0.285702                           $0.020328                           $0

        ---

          09/08/2020        
        09/08/2020         $0.295450         $0.295450           $0.212688                 $0.082762                             $0.021724                  $0.212688                           $0.015133                           $0

        ---

                                                    $1.089200         $1.089200           $0.784092                 $0.305108                             $0.080088                  $0.784092                           $0.055789                           $0


Digital Realty's Series I Cumulative Redeemable Preferred Stock was redeemed in full on September 8, 2020.

Series J Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868855
Ticker Symbol: DLRPRJ

The 2020 reportable dividend for Digital Realty Trust, Inc.'s Series J Cumulative Redeemable Preferred Stock is $1.312500 per share. For tax reporting purposes, $0.944840 per share (72%) will be reported on Form 1099-DIV as ordinary income and $0.367660 per share (28%) as capital gain distribution.

The following table contains this information on a quarterly basis:

               Record Dates   Payment Dates Cash Distribution Taxable Dividend        Box 1a                Box 2a            
     
                Box 2b                         Box 5              Section 1061 One Year Amounts        Section 1061 Three Year
                                                                                                                                                                                                  Disclosure ($ per share)         Amounts Disclosure ($ per
                                                                                                                                                                                                                                             share)

                                              ($ per share)     ($ per share)   Ordinary Dividend   Long-Term Capital Gain       Unrecaptured Section 1250 Gain     Section 199A Dividend

                                                                                  ($ per share)          ($ per share)                    ($ per share)                 ($ per share)

    ---

          03/17/2020        
        03/31/2020         $0.328125         $0.328125           $0.236210                 $0.091915                             $0.024127                  $0.236210                           $0.016807                           $0

        ---

          06/15/2020        
        06/30/2020         $0.328125         $0.328125           $0.236210                 $0.091915                             $0.024127                  $0.236210                           $0.016807                           $0

        ---

          09/15/2020        
        09/30/2020         $0.328125         $0.328125           $0.236210                 $0.091915                             $0.024127                  $0.236210                           $0.016807                           $0

        ---

          12/15/2020        
        12/31/2020         $0.328125         $0.328125           $0.236210                 $0.091915                             $0.024127                  $0.236210                           $0.016807                           $0

        ---

                                                    $1.312500         $1.312500           $0.944840                 $0.367660                             $0.096508                  $0.944840                           $0.067228                           $0


Series K Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868830
Ticker Symbol: DLRPRK

The 2020 taxable dividend for Digital Realty Trust, Inc.'s Series K Cumulative Redeemable Preferred Stock is $1.462500 per share. For tax reporting purposes, $1.052824 per share (72%) will be reported on Form 1099-DIV as ordinary income and $0.409676per share (28%) as capital gain distribution.

The following table contains this information on a quarterly basis:

               Record Dates   Payment Dates Cash Distribution Taxable Dividend        Box 1a                Box 2a            
     
                Box 2b                         Box 5              Section 1061 One Year Amounts        Section 1061 Three Year
                                                                                                                                                                                                  Disclosure ($ per share)         Amounts Disclosure ($ per
                                                                                                                                                                                                                                             share)

                                              ($ per share)     ($ per share)   Ordinary Dividend   Long-Term Capital Gain       Unrecaptured Section 1250 Gain     Section 199A Dividend

                                                                                  ($ per share)          ($ per share)                    ($ per share)                 ($ per share)

    ---

          03/17/2020        
        03/31/2020         $0.365625         $0.365625           $0.263206                 $0.102419                             $0.026884                  $0.263206                           $0.018727                           $0

        ---

          06/15/2020        
        06/30/2020         $0.365625         $0.365625           $0.263206                 $0.102419                             $0.026884                  $0.263206                           $0.018727                           $0

        ---

          09/15/2020        
        09/30/2020         $0.365625         $0.365625           $0.263206                 $0.102419                             $0.026884                  $0.263206                           $0.018727                           $0

        ---

          12/15/2020        
        12/31/2020         $0.365625         $0.365625           $0.263206                 $0.102419                             $0.026884                  $0.263206                           $0.018727                           $0

        ---

                                                    $1.462500         $1.462500           $1.052824                 $0.409676                             $0.107536                  $1.052824                           $0.074908                           $0


Series L Cumulative Redeemable Preferred Stock Dividends
CUSIP # 253868822
Ticker Symbol: DLRPRL

The 2020 taxable dividend for Digital Realty Trust, Inc.'s Series L Cumulative Redeemable Preferred Stock is $1.300000 per share. For tax reporting purposes, $0.935844 per share (72%) will be reported on Form 1099-DIV as ordinary income and $0.364156 per share (28%) as capital gain distribution.

The following table contains this information on a quarterly basis:

               Record Dates   Payment Dates Cash Distribution Taxable Dividend        Box 1a                Box 2a            
     
                Box 2b                         Box 5              Section 1061 One Year Amounts        Section 1061 Three Year
                                                                                                                                                                                                  Disclosure ($ per share)         Amounts Disclosure ($ per
                                                                                                                                                                                                                                             share)

                                              ($ per share)     ($ per share)   Ordinary Dividend   Long-Term Capital Gain       Unrecaptured Section 1250 Gain     Section 199A Dividend

                                                                                  ($ per share)          ($ per share)                    ($ per share)                 ($ per share)

    ---

          03/17/2020        
        03/31/2020         $0.325000         $0.325000           $0.233961                 $0.091039                             $0.023897                  $0.233961                           $0.016646                           $0

        ---

          06/15/2020        
        06/30/2020         $0.325000         $0.325000           $0.233961                 $0.091039                             $0.023897                  $0.233961                           $0.016646                           $0

        ---

          09/15/2020        
        09/30/2020         $0.325000         $0.325000           $0.233961                 $0.091039                             $0.023897                  $0.233961                           $0.016646                           $0

        ---

          12/15/2020        
        12/31/2020         $0.325000         $0.325000           $0.233961                 $0.091039                             $0.023897                  $0.233961                           $0.016646                           $0

        ---

                                                    $1.300000         $1.300000           $0.935844                 $0.364156                             $0.095588                  $0.935844                           $0.066584                           $0


Note that ticker symbols may vary by stock quote provider.

For Additional Information
Andrew P. Power
Chief Financial Officer
Digital Realty
(415) 738-6500

Investor Relations
John J. Stewart / Jim Huseby
Digital Realty
(415) 738-6500
investorrelations@digitalrealty.com

About Digital Realty
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDx(TM) solution methodology for scaling digital business and efficiently managing data gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with more than 280 facilities in 49 metros across 24 countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.

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 amount and payment of dividends on our common stock and preferred stock. For a 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. 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.

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SOURCE Digital Realty