Digital Realty Announces Tax Treatment of 2024 Dividends

PR Newswire

DALLAS, Jan. 21, 2025

DALLAS, Jan. 21, 2025 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today the tax treatment of its 2024 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, 2024 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 2024 taxable dividend of $4.495471 per share includes a portion (68%) of one quarterly distribution declared in 2023 and paid in January 2024, and three quarterly distributions declared and paid in 2024. Digital Realty's 2024 taxable dividend will be reported on Form 1099-DIV as follows: $3.450878 per share (77%) as ordinary income and $1.044593 per share (23%) as capital gain distribution.

The following table contains this information on a quarterly basis:

 
                                                                                         Box 2a        Box 2b Un-       Box 2f                     Section 1061   Section 1061 
                             Cash          Taxable        Box 1a         Box 1b         Long-Term      Recaptured     Section 897   Box 5 Section    One-Year      Three-Year 
                         Distribution    Dividend ($     Ordinary       Qualified     Capital Gain    Section 1250   Capital Gain   199A Dividend  Capital Gain   Capital Gain 
  Record      Payment    ($ per share)   per share)     Dividend ($    Dividend ($       ($ per       Gain  ($ per   ($ per share)  ($ per share)  ($ per share)  ($ per share) 
   Dates      Dates (1)       (1)            (1)        per share)     per share)        share)          share)           (2)            (3)            (4)            (4) 
-----------  ----------  -------------  -------------  -------------  -------------  --------------  --------------  -------------  -------------  -------------  ------------- 
12/15/2023   1/19/2024     $1.220000      $0.835471      $0.641336         $-          $0.194135       $0.099870       $0.190012      $0.641336      $0.127756      $0.127629 
-----------  ----------  -------------  -------------  -------------  -------------  --------------  --------------  -------------  -------------  -------------  ------------- 
 3/15/2024   3/28/2024     $1.220000      $1.220000      $0.936514         $-          $0.283486       $0.145835       $0.277465      $0.936514      $0.186556      $0.186370 
-----------  ----------  -------------  -------------  -------------  -------------  --------------  --------------  -------------  -------------  -------------  ------------- 
 6/14/2024   6/28/2024     $1.220000      $1.220000      $0.936514         $-          $0.283486       $0.145835       $0.277465      $0.936514      $0.186556      $0.186370 
-----------  ----------  -------------  -------------  -------------  -------------  --------------  --------------  -------------  -------------  -------------  ------------- 
 9/13/2024   9/30/2024     $1.220000      $1.220000      $0.936514         $-          $0.283486       $0.145835       $0.277465      $0.936514      $0.186556      $0.186370 
-----------  ----------  -------------  -------------  -------------  -------------  --------------  --------------  -------------  -------------  -------------  ------------- 
                           $4.880000      $4.495471      $3.450878         $-          $1.044593       $0.537375       $1.022407      $3.450878      $0.687424      $0.686739 
 ----------------------  -------------  -------------  -------------  -------------  --------------  --------------  -------------  -------------  -------------  ------------- 
 
 
 
(1)  Please note that of the $1.22 quarterly distribution paid in January 
     2024, $0.384529 was included in the 2023 taxable dividend and $0.835471 
     is included in the 2024 taxable dividend for federal income tax purposes. 
     The $1.22 quarterly cash distribution declared in the fourth quarter of 
     2024 and paid in January 2025 will be treated as a 2025 distribution for 
     federal income tax purposes. It will not be included on the 2024 Form 
     1099-DIV and will be reported on your 2025 Form 1099-DIV. 
(2)  Represents Section 897 gain attributable to disposition of U.S. real 
     property interests included in Box 2a Long-Term Capital Gain. Section 897 
     is applicable to nonresident alien individuals and foreign corporations. 
(3)  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. 
(4)  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 J Cumulative Redeemable Preferred Stock Dividends

CUSIP # 253868855

Ticker Symbol: DLRPRJ

The 2024 taxable dividend for Digital Realty Trust, Inc.'s Series J Cumulative Redeemable Preferred Stock is $1.312500 per share. For tax reporting purposes, $1.007520 per share (77%) will be reported on Form 1099-DIV as ordinary income and $0.304980 per share (23%) as capital gain distribution.

The following table contains this information on a quarterly basis:

 
                                                                                          Box 2a          Box 2b         Box 2f                     Section 1061    Section 1061 
                              Cash                         Box 1a         Box 1b         Long-Term     Unrecaptured    Section 897   Box 5 Section    One-Year       Three-Year 
                          Distribution      Taxable       Ordinary       Qualified     Capital Gain    Section 1250   Capital Gain   199A Dividend     Amounts        Amounts 
  Record       Payment       ($ per       Dividend ($    Dividend ($    Dividend ($       ($ per       Gain  ($ per      ($ per         ($ per      Disclosure ($  Disclosure  ($ 
   Dates        Dates        share)       per share)     per share)     per share)        share)          share)         share)         share)       per share)      per share) 
-----------  -----------  -------------  -------------  -------------  -------------  --------------  --------------  -------------  -------------  -------------  -------------- 
 3/15/2024    3/28/2024     $0.328125      $0.328125      $0.251880         $-          $0.076245       $0.039223       $0.074626      $0.251880      $0.050175      $0.050125 
-----------  -----------  -------------  -------------  -------------  -------------  --------------  --------------  -------------  -------------  -------------  -------------- 
 6/14/2024    6/28/2024     $0.328125      $0.328125      $0.251880         $-          $0.076245       $0.039223       $0.074626      $0.251880      $0.050175      $0.050125 
-----------  -----------  -------------  -------------  -------------  -------------  --------------  --------------  -------------  -------------  -------------  -------------- 
 9/13/2024    9/30/2024     $0.328125      $0.328125      $0.251880         $-          $0.076245       $0.039223       $0.074626      $0.251880      $0.050175      $0.050125 
-----------  -----------  -------------  -------------  -------------  -------------  --------------  --------------  -------------  -------------  -------------  -------------- 
12/13/2024   12/31/2024     $0.328125      $0.328125      $0.251880         $-          $0.076245       $0.039223       $0.074626      $0.251880      $0.050175      $0.050125 
-----------  -----------  -------------  -------------  -------------  -------------  --------------  --------------  -------------  -------------  -------------  -------------- 
                            $1.312500      $1.312500      $1.007520         $-          $0.304980       $0.156892       $0.298504      $1.007520      $0.200700      $0.200500 
 -----------------------  -------------  -------------  -------------  -------------  --------------  --------------  -------------  -------------  -------------  -------------- 
 

Series K Cumulative Redeemable Preferred Stock Dividends

CUSIP # 253868830

Ticker Symbol: DLRPRK

The 2024 taxable dividend for Digital Realty Trust, Inc.'s Series K Cumulative Redeemable Preferred Stock is $1.462500 per share. For tax reporting purposes, $1.122664 per share (77%) will be reported on Form 1099-DIV as ordinary income and $0.339836 per share (23%) as capital gain distribution.

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