INVESTOR PRESENTATION March 2023 The meeting place for companies, technologies and data Consolidated Balance Sheets Unaudited and in Thousands, Except Share and Per Share Data, Accumulated depreciation and amortization, Investment in unconsolidated joint ventures, Customer relationship value, deferred leasing costs & other intangibles, net, Assets associated with real estate held for sale, Global unsecured revolving credit facilities, Accounts payable and other accrued liabilities, Liabilities associated with assets held for sale, Redeemable non-controlling interests - operating partnership. Fixed charge coverage ratio is Adjusted EBITDA divided by the sum of GAAP interest expense, capitalized interest, scheduled debt principal payments and preferred dividends. DIGITAL REALTY REPORTS FOURTH QUARTER 2021 RESULTS - PR Newswire reduced demand for data centers or decreases in information technology spending; increased competition or available supply of data center space; decreased rental rates, increased operating costs or increased vacancy rates; the suitability of our data centers and data center infrastructure, delays or disruptions in connectivity or availability of power, or failures or breaches of our physical and information security infrastructure or services; our dependence upon significant customers, bankruptcy or insolvency of a major customer or a significant number of smaller customers, or defaults on or non-renewal of leases by customers; our ability to attract and retain customers; breaches of our obligations or restrictions under our contracts with our customers; our inability to successfully develop and lease new properties and development space, and delays or unexpected costs in development of properties; the impact of current global and local economic, credit and market conditions; our inability to retain data center space that we lease or sublease from third parties; information security and data privacy breaches; difficulty managing an international business and acquiring or operating properties in foreign jurisdictions and unfamiliar metropolitan areas; our failure to realize the intended benefits from, or disruptions to our plans and operations or unknown or contingent liabilities related to, our recent acquisitions; our failure to successfully integrate and operate acquired or developed properties or businesses; difficulties in identifying properties to acquire and completing acquisitions; risks related to joint venture investments, including as a result of our lack of control of such investments; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; our failure to obtain necessary debt and equity financing, and our dependence on external sources of capital; financial market fluctuations and changes in foreign currency exchange rates; adverse economic or real estate developments in our industry or the industry sectors that we sell to, including risks relating to decreasing real estate valuations and impairment charges and goodwill and other intangible asset impairment charges; our inability to manage our growth effectively; losses in excess of our insurance coverage; our inability to attract and retain talent; impact on our operations and on the operations of our customers, suppliers and business partners during a pandemic, such as COVID-19; environmental liabilities, risks related to natural disasters and our inability to achieve our sustainability goals; our inability to comply with rules and regulations applicable to our company; Digital Realty Trust, Inc.'s failure to maintain its status as a REIT for federal income tax purposes; Digital Realty Trust, L.P.'s failure to qualify as a partnership for federal income tax purposes; restrictions on our ability to engage in certain business activities; changes in local, state, federal and international laws and regulations, including related to taxation, real estate and zoning laws, and increases in real property tax rates; and. Digital Realty common stock is listed on the New York Stock Exchange under the trading symbol DLR. For all periods presented, we have excluded the effect of dilutive series C, series J, series K and series L preferred stock, as applicable, that may be converted into common stock upon the occurrence of specified change in control transactions as described in the articles supplementary governing the series C, series J, series K and series Lpreferred stock, as applicable, which we consider highly improbable, and upon physical settlement of our September 2021 forward sales agreements. Common Stock: 284,415,013 and 208,900,758 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively. Digital Realty had approximately $13.3 billion of total debt outstanding as of March 31, 2021, comprised of $13.1 billion of unsecured debt and approximately $0.2 billion of secured debt. Other REITs may calculate NOI and cash NOI differently than we do and, accordingly, our NOI and cash NOI may not be comparable to other REITs' NOI and cash NOI. By signing up you agree to receive content from us. The conference call will feature Chief Executive Officer A. William Stein and Chief Financial Officer Andrew P. Power. Digital Realty Trust (DLR) Investor Presentation - Slideshow To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter. Management Statements on Non-GAAP Measures Unaudited. All per-share results are presented on a fully-diluted share and unit basis. Jim Huseby. Net Income / (Loss) Attributable to Digital Realty Trust, Inc. 200,000+ Cross connects. INVESTOR PRESENTATION | AUGUST 2018 11 Note: Percentage costs for data center development shown are based on a sample Digital Realty data center build and are not necessarily representative of all development projects. Digital Realty, Digital Realty Trust, the Digital Realty logo, Interxion, Turn-Key Flex, Powered Base Building, and PlatformDIGITAL, Data Gravity Index and Data Gravity Index DGx are registered trademarks and service marks of Digital Realty Trust, Inc. in the United States and/or other countries. Management Statements on Non-GAAP Measures Unaudited. EMEA. The promote is included in Other revenue in our consolidated income statement. Other REITs may not calculate FFO in accordance with the NAREIT definition and, accordingly, our FFO may not be comparable to other REITs' FFO. 3 As of March 31, 2023. Digital Realty - Wikipedia Cision Distribution 888-776-0942 Preferred stock dividends, including undeclared dividends, Issuance costs associated with redeemed preferred stock, Net Income / (Loss) Available to Common Stockholders, Weighted-average shares outstanding - basic, Weighted-average shares outstanding - diluted, Weighted-average fully diluted shares and units, Funds From Operations and Core Funds From Operations Unaudited and in Thousands, Except Per Share Data, Reconciliation of Net Income to Funds From Operations (FFO), Net (Loss) / Income Available to Common Stockholders, Non-controlling interest in operating partnership, Real estate related depreciation & amortization (1), Unconsolidated JV real estate related depreciation & amortization, Weighted-average shares and units outstanding - basic, Weighted-average shares and units outstanding - diluted (2), Funds From Operations per share - diluted (2), Termination fees and other non-core revenues (3), Severance, equity acceleration, and legal expenses (4), Core Funds From Operations per share - diluted (2), (1) Real Estate Related Depreciation & Amortization, Depreciation & amortization per income statement, Real Estate Related Depreciation & Amortization. Some of the risks and uncertainties that may cause our actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements include, among others, the following: The risks included here are not exhaustive, and additional factors could adversely affect our business and financial performance. Common Stock: 281,372,310 and 208,900,758 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively. Adjusted Funds From Operations (AFFO) Unaudited and in Thousands, Except Per Share Data, Core FFO available to common stockholders and unitholders, Non-cash stock-based compensation expense, Above- and below-market rent amortization, Leasing compensation & internal lease commissions, AFFO available to common stockholders and unitholders (2), Weighted-average shares and units outstanding - diluted (3), Weighted Average Common Stock and Units Outstanding, Weighted Avg. Source: Bloomberg. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with 290 facilities in 47 metros across 24 countries on six continents. the impact of any financial, accounting, legal or regulatory issues or litigation that may affect us. Fixed charges consist of GAAP interest expense, capitalized interest, and preferred dividends. The telephone replay can be accessed by dialing (877) 344-7529 (for domestic callers) or (412) 317-0088 (for international callers) and providing the conference ID# 3330128. Here you can understand the needs for your digital infrastructure to integrate your applications, services, technologies and partners. Digital Realty Trust : Investor Presentation September 2022 Such statements are subject to risks, uncertainties and assumptions and are not guarantees of future performance and may be affected by known and unknown risks, trends, uncertainties and factors that are beyond our control. Net non-cash rent adjustments represent the sum of straight-line rental revenue and straight-line rent expense, as well as the amortization of above- and below-market leases (i.e., ASC 805 adjustments). Based on quarterly average exchange rates during the three months ended March 31, 2021. Excluding certain items that do not represent core expenses or revenue streams, Digital Realty delivered first quarter of 2021 core FFO per share of $1.67, a 3% increase from $1.61 per share in the previous quarter, and a 9% increase from $1.53 per share in the same quarter last year. See our quarterly report on Form10Q filed on May10, 2019 for additional information. FFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance. Core Funds from Operations (Core FFO):We present core funds from operations, or core FFO, as a supplemental operating measure because, in excluding certain items that do not reflect core revenue or expense streams, it provides a performance measure that, when comparedyear overyear, captures trends in our core business operating performance. Adjusted EBITDA divided by fixed charges (including our pro rata share of unconsolidated joint venture fixed charges). Digital Realty - Investor Relations - Investor Relations We believe we have ample liquidity to fund our business needs, given the $221 million of cash on the balance sheet and $2.2 billion of availability under our global revolving credit facilities as of March 31, 2021. A reconciliation from U.S. GAAP net income available to common stockholders to FFO, a reconciliation from FFO to core FFO, and definitions of FFO and core FFO are included as an attachment to this document. investorrelations@digitalrealty.com, American Stock Transfer Company & Trust Company, LLC. Debt-plus-preferred-to-total enterprise value is mortgage debt and other loans plus preferred stock divided by mortgage debt and other loans plus the liquidation value of preferred stock and the market value of outstanding Digital Realty Trust,Inc. common stock and Digital Realty Trust,L.P. units, assuming the redemption of Digital Realty Trust,L.P. units for shares of Digital Realty Trust,Inc. common stock. SeriesC Cumulative Redeemable Perpetual Preferred Stock, 6.625%, $0 and $201,250 liquidation preference, respectively ($25.00 per share), 0 and 8,050,000 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively. Construction activity has been somewhat delayed in a few markets due to government restrictions in certain locations and/or limited availability of labor. At Digital Realty, we promise to treat your data with respect and will not share your information with any third party. Those risks continue to be relevant to our performance and financial condition. LOS ANGELES, June 2, 2023 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE:REXR), a real estate investment trust focused on creating value by investing . In addition to new leases signed, Digital Realty also signed renewal leases representing $151 million of annualized GAAP rental revenue during the quarter. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Digital Realty Declares Quarterly Cash Dividend for Common and Preferred Stock, Digital Realty Reports First Quarter 2023 Results, Reported net income available to common stockholders of, Signed total bookings during 1Q21 expected to generate, In early January, Digital Realty issued 1.0 billion, or approximately, In mid-January, Digital Realty repaid the entire, In early February, Digital Realty redeemed all, Subsequent to quarter-end, Digital Realty announced the redemption of all 8.05 million shares of its 6.625% Series C Preferred Stock with a total liquidation value of. Digital Realty priced its initial public offering on October 28, 2004 at $12.00 per share. (1) For definitions and discussion of EBITDA and Adjusted EBITDA, see the definitions section. View the latest Digital Realty Trust Inc. (DLR) stock price, news, historical charts, analyst ratings and financial information from WSJ. The transaction is expected to close in the first half of 2022 and is subject to customary closing conditions. AUSTIN, Texas, April 29, 2021 /PRNewswire/ --Digital Realty (NYSE: DLR), a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today financial results for the first quarter of 2021. The meeting place for companies, technologies and data. When typing in this field, a list of search results will appear and be automatically updated as you type. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. In the fourth quarter, Digital Realty signed total bookings expected to generate $156 million of annualized GAAP rental revenue, including an $11 million contribution from interconnection. At Digital Realty, we promise to treat your data with respect and will not share your information with any third party. Digital Realty's share of the total consideration was approximately $22 million. In addition, we believe EBITDA and Adjusted EBITDA are frequently used by securities analysts, investors and other interested parties in the evaluation of REITs. Digital Realty Trust (DLR) Investor Presentation - Slideshow investorrelations@digitalrealty.com, American Stock Transfer Company & Trust Company, LLC. AUSTIN, Texas, Feb. 17, 2022 /PRNewswire/ --Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today financial results for the fourth quarter of 2021. Digital Realty Trust : Investor Presentation September 2022 | MarketScreener Homepage Equities United States Nyse Digital Realty Trust, Inc. News Summary DLR US2538681030 DIGITAL REALTY TRUST, INC. (DLR) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds Summary Most relevant All News Digital realty 2017 investor day. The company reported first quarter of 2021 funds from operations of $432 million, or $1.49 per share, compared to $1.45 per share in the previous quarter and $0.91 per share in the same quarter last year. We calculate funds from operations, or FFO, in accordance with the standards established by the National Association of Real Estate Investment Trusts, or Nareit, in the Nareit Funds From Operations White Paper- 2018 Restatement. ir_digitalrealty 2.6K views. Cision Distribution 888-776-0942 For a reconciliation of net income available to common stockholders to FFO and core FFO, see above. We calculate AFFO by adding to or subtracting from core FFO (i)non-real estate depreciation, (ii)amortization of deferred financing costs, (iii)amortization of debt discount/premium, (iv)non-cash stock-based compensation expense, (v)straight-line rental revenue, (vi)straight-line rental expense, (vii)above- and below-market rent amortization, (viii)deferred tax (expense) benefit, (ix)leasing compensation and internal lease commissions, and (x)recurring capital expenditures. Enhancements and other non-recurring CapEx(4), Recurring CapEx + capitalized leasing costs (5), Real estate depreciation and (gain) / loss on sale, Funds From Operations / share (NAREIT-Defined). Digital Realty recently took a big step toward international diversification by acquiring a portfolio of eight European data centers for $874 million. 2. Other includes Powered Base Buildingshell capacity as well as storage and office space within fully improved data center facilities. By providing your email address below, you are providing consent to Digital Realty to send you the requested Investor Email Alert updates. Preferred Stock: $0.01 par value per share, 110,000,000 shares authorized: Series C Cumulative Redeemable Perpetual Preferred Stock (3), Series G Cumulative Redeemable Preferred Stock (4), Series I Cumulative Redeemable Preferred Stock (5), Series J Cumulative Redeemable Preferred Stock (6), Series K Cumulative Redeemable Preferred Stock (7), Series L Cumulative Redeemable Preferred Stock (8), Common Stock: $0.01 par value per share, 392,000,000 shares authorized (9), Accumulated other comprehensive income (loss), net, Noncontrolling interest in operating partnership, Noncontrolling interest in consolidated joint ventures. Adjusted EBITDA divided by cash interest expense (including our pro rata share of unconsolidated joint venture interest expense). Management uses FFO as a supplemental performance measure because, in excluding real estate related depreciation and amortization and gains and losses from property dispositions and after adjustments for unconsolidated partnerships and joint ventures, it provides a performance measure that, when comparedyear overyear, captures trends in occupancy rates, rental rates and operating costs. SeriesI Cumulative Redeemable Preferred Stock, 6.350%, $0 and $250,000 liquidation preference, respectively ($25.00 per share), 0 and 10,000,000 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively. "Digital Realty delivered record bookings in the fourth quarter and for the full year, with over $500 million of new business globally in 2021, demonstrating the strength of our global value proposition," said Digital Realty Chief Executive Officer A. William Stein. Digital Realty - Investor Relations - Events & Presentations Andrew P. PowerPresident & Chief Financial OfficerDigital Realty(415) 738-6500, Jim HusebyInvestor RelationsDigital Realty(415) 738-6500, Consolidated Quarterly Statements of Operations Unaudited and Dollars in Thousands, Except Per Share Data, Severance, equity acceleration, and legal expenses, Equity in (loss) earnings of unconsolidated joint ventures, Net (income) loss attributable to noncontrolling interests. , . We also believe that, as a widely recognized measure of the operations of REITs, AFFO will be used by investors as a basis to assess our ability to fund dividend payments in comparison to other REITs, including on a per share and unit basis. See our quarterly report on Form10Q filed on May10, 2019 for additional information. Digital Realty - Investor Relations - Resources - Investor FAQs While we have not experienced any significant business disruptions from the COVID-19 pandemic to date, we cannot predict what impact the COVID-19 pandemic may have on our future financial condition, results of operations or cash flows due to numerous uncertainties. Digital Realty completed the following financing transactions during the first quarter of 2021. Recurring capital expenditures do not include acquisition costs contemplated when underwriting the purchase of a building, costs which are incurred to bring a building up to Digital Realty's operating standards, or internal leasing commissions. (Source: "Investor Presentation: September 2021," Digital Realty Trust, Inc., last accessed December 22, 2021.) Adjusted EBITDA is EBITDA excluding unconsolidated joint venture real estate related depreciation& amortization, unconsolidated joint venture interest expense and tax, severance, equity acceleration, and legal expenses, transaction and integration expenses, gain on sale / deconsolidation, impairment of investments in real estate, other non-core adjustments, net, non-controlling interests, preferred stock dividends, including undeclared dividends, and issuance costs associated with redeemed preferred stock. Relates to severance and other charges related to the departure of company executives and integration-related severance. AFFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance. Total enterprise value defined as market value of common equity plus debt plus preferred stock. For all periods presented, we have excluded the effect of dilutive series C, series J, series K and series L preferred stock, as applicable, that may be converted into common stock upon the occurrence of specified change in control transactions as described in the articles supplementary governing the series C, series J, series K and series L preferred stock, as applicable, which we consider highly improbable, and upon physical settlement of our September 2021 forward sales agreements. Such forward-looking statements include statements relating to: our economic outlook, our expected investment and expansion activity, our expected physical settlement of the forward sale agreements and use of proceeds from any such settlement, our liquidity, our joint ventures, supply and demand for data center and colocation space, our acquisition and disposition activity, pricing and net effective leasing economics, market dynamics and data center fundamentals, our strategic priorities, our product offerings, available inventory rent from leases that have been signed but have not yet commenced and other contracted rent to be received in future periods, rental rates on future leases, lag between signing and commencement, cap rates and yields, investment activity, the company's FFO, core FFO and net income, 2022 outlook and underlying assumptions, information related to trends, our strategy and plans, leasing expectations, weighted average lease terms, the exercise of lease extensions, lease expirations, debt maturities, annualized rent at expiration of leases, the effect new leases and increases in rental rates will have on our rental revenue, our credit ratings, construction and development activity and plans, projected construction costs, estimated yields on investment, expected occupancy, expected square footage and IT load capacity upon completion of development projects, 2022 backlog NOI, NAV components, and other forward-looking financial data. However, because FFO excludes depreciation and amortization and captures neither the changes in the value of our data centers that result from use or market conditions, nor the level of capital expenditures and capitalized leasing commissions necessary to maintain the operating performance of our data centers, all of which have real economic effect and could materially impact our financial condition and results from operations, the utility of FFO as a measure of our performance is limited. 1 U.S. REITs within the RMZ. NOI and cash NOI should be considered only as supplements to net income computed in accordance with GAAP as measures of our performance. Adjusted Funds from Operations (AFFO):We present adjusted funds from operations, or AFFO, as a supplemental operating measure because, when comparedyear overyear, it assesses our ability to fund dividend and distribution requirements from our operating activities. "Demand for data center solutions remains robust, and we are investing organically as well as strategically to expand our global platform to provide customers the capacity and communities they require to execute their digital transformation strategies around the world.".