2024-07-06 02:09:05 ET
Summary
- Digital Realty Trust is a well-managed data center REIT with strong growth potential and potential for future dividend increases.
- The trust benefits from the capital-intensive nature of the data center business, creating a moat and positive long-term FFO growth outlook.
- Despite not being cheap, the trust is well-positioned to benefit from the AI trend and growing demand for data centers, making it appealing for passive income investors.
Digital Realty Trust, Inc. ( DLR ) is a well-managed data center real estate investment first that is enjoying solid growth in funds of operations and that has a lot of potential to grow its dividend in the future....
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Digital Realty Trust: A Growing Data Center REIT With A 3.2% Yield