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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