Friday, November 5, 2010

Digital Realty Corrects Information from Earnings Call

By David Gross

Digital Realty filed an 8-K today to correct information it gave in the Q&A during this week's earnings call.   In the filing, the company stated that:

"On November 4, 2010, during the Company’s regularly scheduled earnings conference call, management incorrectly stated in response to an inquiry from an analyst that EBITDA growth in the fourth quarter of 2010 would generate $65 million of additional debt capacity under the company’s internal debt guidelines discussed earlier in the conference call. Because this incorrect figure could cause investor confusion, the Company wishes to clarify that the correct amount of additional debt capacity the Company expects from fourth quarter EBITDA growth under its internal guidelines is $260 million at the midpoint of the Company’s expected EBITDA performance range."

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