Digital Realty Trust Inc (DLR) Q4 2019 Earnings Call Transcript

Digital Realty Trust Inc (DLR) Q4 2019 Earnings Call Transcript

Good afternoon, and welcome to the the Digital Realty Fourth Quarter 2019 Earnings Call.. I would now like to turn the call over to John Stewart, Digital Realty's Senior Vice President of Investor Relations.. We enhanced our portfolio quality, recycling capital from fully stabilized assets into network dense interconnection hubs.. We launched platform digital, a unique global data center platform designed to enable customers to scale digital business.. Last but not least, we've further strengthened the balance sheet, locking in long-term debt and preferred equity capital at record low coupons.. We are deliberately recycling capital from stabilized assets and reinvesting in higher growth opportunities, sacrificing near-term earnings growth for long-term value creation.. In early January, we raised EUR1.7 billion of euro bonds with a weighted average maturity of approximately seven years and a weighted average coupon of approximately 1%.. Enterprise customers are demanding a global fit for purpose data center platform experience to rapidly deploy, connect and host distributed IT infrastructure to scale their digital business.. According to the IDC CEO Survey, digital transformation is expected to enable over $18 trillion of economic value add over the next three years.. During the fourth quarter, Digital Realty was named as a