DOCSLIB.ORG

March-2021-Investor-Presentation.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
March-2021-Investor-Presentation.Pdf Global. Connected. Sustainable. INVESTOR PRESENTATION MARCH 2021 Digital Realty the trusted foundation | powering your digital ambitions Business Highlights 1 Digital Realty Overview Introduction 2 Introduction to Data Centers Data center 101 3 Global Platform Growing world-wide demand from a diversified customer base 4 Connected Campus Strategy Solving for the complete deployment; land and expand 5 Attractive Growth Prospects Organic growth combined with lease-up opportunity 6 Prudent Capital Allocation Disciplined investment criteria guided by Return on Invested Capital 7 Conservative Financial Strategy Committed to maintaining a flexible balance sheet 8 Recent Results Fourth Quarter 2020 highlights DIGITAL REALTY | 2 Digital Realty Overview INTRODUCTION DIGITAL REALTY | 3 GLOBAL provider dedicated to the full customer spectrum from ENTERPRISE colocation to HYPERSCALE 4,000+ 291 164,000 GLOBAL CUSTOMERS DATA CENTERS (1) CROSS CONNECTS INTERCONNECTION COLOCATION SCALE HYPERSCALE EQUITY & ENTERPRISE VALUE TOP 10 PUBLICLY TRADED U.S. REIT INVESTMENT GRADE RATINGS (4) EQUITY MARKET th LARGEST PUBLICLY BBB $38 Bn CAPITALIZATION 6 TRADED U.S. REIT (3) Baa2 ENTERPRISE ADDED TO THE Bn VALUE (2) 2016 $54 MAY S&P 500 INDEX BBB AMERICAS EMEA APAC A Digital Realty and Brookfield Infrastructure JV Note: Balance sheet data as of December 31, 2020 unless otherwise indicated. 1) Includes 43 data centers held as investments in unconsolidated joint ventures. 2) Total enterprise value calculated as the market value of common equity, plus liquidation value of preferred equity and total debt at balance sheet carrying value. 3) U.S. REITs within the RMZ. Ranked by market cap as of March 5, 2021. Source: Bloomberg. 4) These credit ratings may not reflect the potential impact of risks relating to the structure or trading of the Company's securities and are provided solely for informational purposes. Credit ratings are not recommendations to buy, sell or hold any security, and may be revised or withdrawn at any time by the issuing organization in its sole discretion. The Company does not undertake any obligation to maintain the ratings or to advise of any change in ratings. Each agency's rating should be evaluated independently of any other agency's rating. An explanation of the significance of the ratings may be DIGITAL REALTY | 4 obtained from each of the rating agencies. Our Strategy Become the only GLOBAL provider dedicated to the full customer spectrum from SERVICE PROVIDERS to ENTERPRISES WHY WHY SERVICE WHY GLOBAL? ENTERPRISE? PROVIDERS? Rapidly growing globalization Focused on hyperscale and magnetic Focused on Forbes Global 2000 of businesses and consumers customers Enterprise customers (1) Highest-growth markets and further Highest-growth addressable market Largest addressable market differentiates our value proposition Drives value to our communities of Robust value-add customer Leverages our core competencies interest opportunity and other customers 1) 2019 Forbes Global 2000; FactSet; D&B Avention; Gartner 2019 Worldwide IT Spend Forecast; Gartner Analyst Inquiry Calls. DIGITAL REALTY | 5 Diverse Set of Customers Solving Multiple Digital Transformation Infrastructure Use Cases Across Multi-Metro Deployments RATIONALIZE REWIRE THE IMPLEMENT OPTIMIZE DATA INTERCONNECT THE PORTFOLIO NETWORK HYBRID IT EXCHANGE GLOBAL CONTROLS WORKFLOWS . Lower data center . Reduce latency . Reduce . Increase data . Accelerate SDN costs . Increase vulnerability performance rollout . Faster time to throughput . Improve security . Maintain data . Enable Digital deploy . High-performance posture compliance Ecosystems . Increase flexibility multi cloud . Reduce complexity . Solve data gravity . Secure B2B workflow Analyzing customer … we find consistent VALUE OUTCOMES are achieved … IT deployments DIGITAL REALTY | 6 Three Steps to Accelerate Global Customer Adoption as They Solve Digital Transformation of Their Infrastructure Architecture Platform Roadmap Step by step strategy to deploy A global datacenter platform Platform roadmap organized a decentralized IT architecture experience. Productizing fit for around four c’s – coverage, enabling distributed workflows purpose footprints of space, connectivity, capacity and at centers of data exchange. power, cross-connect and control. Underpinned by R&D management controls. innovation funnel & sustainability commitment. DIGITAL REALTY | 7 PlatformDIGITAL® Customer Use Case Tailored Solutions 4 1 2 3 ® NETWORK HUB: consolidates and localizes traffic into DATA HUB: localizes data aggregation, staging, analytics, streaming 1 ingress/egress points to optimize network performance and 3 and data management to optimize data exchange and maintain data cost compliance CONTROL HUB: hosts adjacent Security and IT controls to SX FABRIC: adds SDN overlay to service chain multi-cloud and B2B 2 improve security posture and IT operations 4 application ecosystems. Connects hubs across metros and regions to enable secure and performant distributed workflows DIGITAL REALTY | 8 Introduction to Data Centers DATA CENTER 101 DIGITAL REALTY | 9 Data Center 101 What is a Data Center? 1 Building Shell 2 Electrical Systems Data Center Layout 3 HVAC / Mechanical Systems Building Shell 4 Building Fit-Out / Site Work Data Centers HVAC Data centers are designed to Electrical Utility Service (Not Shown in Image) house servers and network Mechanical Galleries equipment. Data centers Power Distribution Unit (PDU) provide a highly reliable, secure environment with Electrical Rooms (UPS, Switchboard, etc.) redundant mechanical, Batteries cooling, electrical power systems and network communication connections. Generators Shipping / Receiving Servers Computer Servers Area Computer servers, which Raised Floor process and store data, are supplied and owned by customers. Meet-Me-Room Note: Data as of December 31, 2018 unless otherwise noted. Lobby / Entrance 1) Includes investments in eighteen properties held in unconsolidated joint ventures. 2) Includes 3.4 million square feet of active development and 2.1 million square feet held for future development. DIGITAL REALTY | 10 Data Center 101 What Goes into Building a Data Center? 1 BUILDING SHELL 2 ELECTRICAL SYSTEMS Approximate Data Center Cost Distribution • Generator • Building Shell Building • Batteries • Raised Floor Shell • Power Distribution Unit (PDU) 25% Electrical • Uninterruptible Power Supplies Systems (UPS) 40% HVAC / MECHANICAL / DSE BUILDING FIT-OUT / SITE WORK 3 COOLING SYSTEMS 4 HVAC / Mechanical / DSE Cooling Systems 15% Building Fit-Out / Site Work 20% • Computer Room Air Conditioner • Lobby / Entrance (CRAC Unit) • Meet-Me-Room • Energy Efficient DSE • Shipping / Receiving Area 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 | 11 Interconnection What is a Cross-Connect? INTERCONNECTION CONTENT NETWORK CONNECTING PARTNERS AND NETWORKS A cross-connect is a physical layer network connection between two parties. The cross-connect is enabled by the installation of patch cord(s) between ports of the respective parties’ interconnection panels. 164,000 $346mm CROSS ANNUALIZED CONNECTS REVENUE (1) CONNECTING TO END USERS By enabling companies to connect with their partners and network providers, such as AT&T and Verizon, these same companies can now deliver their content to billions of end users around the world. As of December 31, 2020. 1) Annualized revenue defined as 4Q20 Interconnection & other revenue, multiplied by four. DIGITAL REALTY | 12 Home to the Hybrid Multi-Cloud Solution Customers’ Desired IT End State The majority of companies deploy some form of hybrid cloud solution to run and manage their IT needs PRIVATE PUBLIC CLOUD SOLUTIONS CLOUD SOLUTIONS Single organization, Service providers, dedicated environment many customers 3% 22% PRIVATE 69%(1) PUBLIC ONLY (1) HYBRID ONLY (1) Scale Only Colocation Only Hybrid cloud architectures allow data center Infrastructure as a Service (IaaS) providers to: 1 GROW WITH THEIR CUSTOMERS Though early stage companies use public cloud Connected infrastructures to minimize capex, as they grow and scale, public cloud solutions become quite Campus expensive and necessitate a migration to the private cloud for portions of their IT workload Software as a Service (SaaS) 2 ENABLE CLOUD-BASED SOFTWARE APPLICATIONS A hybrid cloud solution allows companies to store their sensitive information on private servers while using cloud-based applications (Office 365, Salesforce) that reduce IT costs 1) Source: Rightscale 2019 State of the Cloud Report from Flexera. Based on 94% of respondents that are using the cloud. DIGITAL REALTY | 13 Global Platform GROWING WORLD-WIDE DEMAND FROM A DIVERSIFIED CUSTOMER BASE DIGITAL REALTY | 14 Covering the Waterfront Over 290 Data Centers across 49 Metro Areas Stockholm Seattle Minneapolis / Portland Toronto Copenhagen St. Paul Boston Manchester San Francisco New York Metro Amsterdam Silicon Valley Brussels Chicago Dublin Düsseldorf Seoul Northern London Virginia Frankfurt Tokyo Vienna Charlotte Zurich Osaka Los Angeles Paris Phoenix Dallas Atlanta Zagreb Austin Geneva Houston Marseille Athens Hong Kong Miami Madrid Queretaro Fortaleza Singapore Rio de Nairobi Janeiro Sydney Sao Paulo Santiago Mombasa Melbourne Geographically Diversified (1) Primarily Owned (1) Primarily Unencumbered (1) Latin America 4% Leased Encumbered Unencumbered North 13% 4% 96% APAC America 8% 59% EMEA
Load more

Recommended publications
  • Data Center Industry Overview Colby Synesael.Pdf
    INDUSTRY OVERVIEW MARCH 2019 Colby Synesael Senior Equity Research Analyst Cowen and Company 646 562 1355 [email protected] DATA CENTERS ARE PART OF COMMUNICATIONS INFRASTRUCTURE What Is Communications Infrastructure? • What Is Communications Infrastructure? – The idea that macro towers, data centers, optical fiber, and small cells/DAS represent one asset class whose singular purpose is the enablement of communications, and in so doing have developed business models very similar to one another, and in many cases more similar to the real estate industry than the telecom services industry. • Key attributes – Unit pricing increases over time (typically with an escalator) – Long-term contracts – High contribution margin • Think like a real estate company – Dark fiber, colocation, towers, land rights all qualify as REIT assets by the IRS – Return-oriented decision making – Value of AFFO as a metric • Scale matters – Supply chain mgmt. (i.e. cost to build) – Geographic diversity – Relatively low cost of capital Source: Cowen and Company “The Edge” Is The Next Frontier • Creating new opportunities • Fiber routes • Small cells • Data centers (more locations/smaller footprint per location) • Where the end-users of digital services reside • Compute/storage needs to occur closer to them • Tier II/III markets • Where wireless infrastructure meets wireline infrastructure Source: Cowen and Company SECTOR PERFORMANCE Strong Sector Performance Communications Infrastructure Index: 5-Year Performance (Indexed to 100 on 01/31/2014) 280 260 240 139% 220 200 180 160 140 120 100 80 Comm. Infra. Index Stocks: AMT, COR, CCI, CONE, DLR, EQIX, INXN, UNIT, QTS, SBAC, SWCH, ZAYO Data Center Index Stocks: COR, CONE, DLR, EQIX, INXN, QTS, SWCH Source: Thomson Reuters Strong Sector Performance Communications Infrastructure Index vs.
    [Show full text]
  • Digital Realty Form
    DOCKETED Docket Number: 19-SPPE-02 Project Title: Walsh Data Center TN #: 234653 Document Title: Digital Realty Form 10K Walsh Data Center Reconsideration Exhibit 1 Digital Realty Description: Form 10K Filer: Robert Sarvey Organization: Robert Sarvey Submitter Role: Intervenor Submission Date: 9/10/2020 3:07:26 PM Docketed Date: 9/10/2020 Table of Contents Index to Financial Statements UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2017 ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From to . Commission file number 001-32336 (Digital Realty Trust, Inc.) 000-54023 (Digital Realty Trust, L.P.) DIGITAL REALTY TRUST, INC. DIGITAL REALTY TRUST, L.P. (Exact name of registrant as specified in its charter) Maryland (Digital Realty Trust, Inc.) 26-0081711 Maryland (Digital Realty Trust, L.P.) 20-2402955 (State or other jurisdiction of incorporation or organization) (IRS employer identification number) Four Embarcadero Center, Suite 3200 San Francisco, CA 94111 (Address of principal executive offices) (Zip Code) (415) 738-6500 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Digital Realty Trust, Inc. Common Stock, $0.01 par value per share New York Stock Exchange Series C Cumulative Redeemable Perpetual New York Stock Exchange Preferred Stock, $0.01 par value per share Series G Cumulative Redeemable Preferred New York Stock Exchange Stock, $0.01 par value per share Series H Cumulative Redeemable Preferred New York Stock Exchange Stock, $0.01 par value per share Series I Cumulative Redeemable Preferred New York Stock Exchange Stock, $0.01 par value per share Series J Cumulative Redeemable Preferred New York Stock Exchange Stock, $0.01 par value per share Digital Realty Trust, L.P.
    [Show full text]
  • ESG Report 2020 ESG Report
    2020 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT ESG 2020 ESG Report 2020 ESG Report CONTENTS 4 Letter from Our CEO 6 Introduction 6 Company Overview; Materiality Assessment; ESG Recognition; Sustainability Objectives 14 Operational and Climate Change Resilience TCFD Disclosures; Pandemic Response; Data Privacy & Cybersecurity 26 Environmental Performance Carbon Emissions; Renewable Energy; Green Buildings; Energy Conservation; Water 14 Conservation; Waste Management 44 Engaging Stakeholders Customer Experience; Community Involvement; Health and Wellbeing; Data centers have become the central nervous Diversity, Equity & Inclusion; Employee Engagement; Training and Education; system of the digital economy. We remain focused Occupational Health & Safety “on driving sustainable innovation while supporting 60 Governance the evolving needs of our global customer base.” Ethics and Integrity; Management of ESG AARON BINKLEY Senior Director, Sustainability 44 64 Appendix: Data Snapshot, Assurance Statement, GRI Index 2 3 2020 ESG Report 2020 ESG Report Throughout the uncertainty of the global COVID-19 pandemic and the social unrest from exceeding 99.999% availability throughout 2020 for our owned and managed portfolio, and the tragedies of racial injustice in the United States, we prioritized keeping our employees, delivering at least “fine-nines” of uptime for the 14th consecutive year. customers and partners safe. During this time, we remained focused on growing our business In 2020 and January 2021, we issued €3.1 billion in green bonds at very attractive rates. Since 2015 and expanding our commitments to strong environmental, social and governance practices. Digital Realty has issued $5.6 billion in green bonds and continues to be the largest REIT and In March 2020, we completed the merger with Interxion, expanding our global presence largest data center industry issuer of green bonds.
    [Show full text]
  • The Phoenix Market Special Report
    Special Report The Phoenix Market Written by Rich Miller Photo courtesy Data Center Frontier A view of the mountains in Mesa, Arizona, as seen from the Elliott Road Technology Corridor. brought to you by © 2021 Data Center Frontier Phoenix Market SPECIAL REPORT Contents Introduction................................................ 2 CyrusOne ................................................ 8 About Data Center Frontier ........................... 2 Cyxtera .................................................. 9 About datacenterHawk ................................ 2 DataBank (zColo) ........................................ 9 Market Overview & Analysis .............................. 3 Digital Realty ..........................................10 What’s Hot About Phoenix? ............................ 4 EdgeConneX ............................................10 Trends in Demand ....................................... 5 EdgeCore ...............................................11 Trends in Supply ......................................... 6 Flexential ..............................................11 Business Environment .................................... 7 H5 Data Centers ........................................11 Connectivity ............................................. 7 INAP .....................................................12 Power ..................................................... 7 Iron Mountain Data Centers .........................12 Hazard Risk Overview .................................. 7 PhoenixNAP ............................................12
    [Show full text]
  • Equinix Analyst Report
    Equinix Analyst Report 2017-2018 Student Managed Fund Dan Glucksman & Joaquin Sanchez Table of Contents Company Overview ............................................................................................................................2 Business Description .......................................................................................................................2 Historical Performance ....................................................................................................................2 Business Ecosystem ........................................................................................................................3 Colocation Enablers.....................................................................................................................3 Cost Savings & Advantages .........................................................................................................4 Cases for Hybrid Cloud and Colocation ........................................................................................4 Competitive Advantages..................................................................................................................5 Global Footprint ..........................................................................................................................5 High-Quality Data Centers ...........................................................................................................5 Dynamic Business Ecosystem ......................................................................................................5
    [Show full text]
  • Full 2018 EOY Data Center Acquisitions
    D A T A C E N T E R S R E A L E S T A T E A C Q U I S I T I O N S R E P O R T End Of Year Review 2018. Data center real estate acquisition activity for the full year of 2018 yielded approximately $3.089 Billion of data center real estate transactions totaling 8,055,356 SF. In comparison, full year 2017 total activity totaled $2.742 Billion and 7,496,075 SF of space. Pricing Interest rates peaked to the highest level over the past 5 years and continued the trend of ending the year at a higher level when compared to the beginning of 2018. Although we have seen gradual cap rate compression in the data center real estate sector over the past several years, we anticipate cap rates to be relatively flat for 2019. For good quality data center assets with long term leases we expect a 6.5%-7.25% cap rate range pending overall lease dynamics, asset quality and market fundamentals. Data center assets with shorter term leases, multi-tenant occupancy and lack of clear tenant credit are estimated to trade in 7.25%-8.5% cap rate range with various factors that may affect the swing outside of these parameters. M&A While the number of significant data center M&A deals climbed to 68 in 2018, approaching an aggregate value of $16 billion, the total value of deals dropped when compared to 2017. While there were 5 deals that each were greater than $1 billion in 2018, none came close to the Digital Realty and DuPont Fabros or Equinix and Verizon deals in 2017.
    [Show full text]
  • Points of Presence / Locations
    POINTS OF PRESENCE / LOCATIONS COUNTRY CITY POP ADDRESS COLO PROVIDER EUROPE Austria Vienna Louis-Häfliger-gasse 10, 1210 Vienna Interxion Belgium Brussels Avenue Léon Grosjean 2, 1140 Evere, Brussels Level 3 Marseille 40 Avenue Roger Salengro, 13003 Marseille Interxion Paris 124 Bd de Verdun, 92400 Courbevoie, Paris Group SFR France Paris Telehouse Paris Jeuneurs, 38 Rue des Jeuneurs, 75002 Paris Telehouse Paris Telehouse Voltaire, 137 Boulevard Voltaire, 75011 Paris Telehouse Paris PA2, 114, Rue Ambroise Croizat, 93200 Saint-Denis, Paris Equinix Frankfurt FR5, Kleyerstrasse 90, 60326 Frankfurt Equinix Frankfurt Rebstöckerstrasse 25-31, 60326 Frankfurt Itenos Germany Frankfurt FRA3, Weissmuellerstrasse 21-23, 60314 Frankfurt Interxion Frankfurt FRA4, Weismuellerstrasse 19, 60314 Frankfurt Interxion Frankfurt Gutleutstrasse 310, 60327 Frankfurt TelecityGroup Italy Milan Via Caldera 21, 20153 Milan Infracom S.p.A. Amsterdam AMS1, Science Park 120, 1098 XG Amsterdam TelecityGroup Amsterdam Joop Geesinkweg 403, 1096 AX Amsterdam Global Crossing Netherlands Amsterdam AM1, Luttenbergweg 4, 1101 EC Amsterdam Equinix Amsterdam Johan Huizingalaan 759, 1066 VH Amsterdam Global Switch Madrid Carrierhouse-1, Isabel Colbrand 6-8, 28050 Madrid Schneider Electric Spain Madrid MAD1, Calle Albasanz 71, 28037 Madrid Interxion Switzerland Zurich ZH1, Hardstrasse 235, 8005 Zurich Equinix Points of Presence/Locations | Update: May 2016 1 COUNTRY CITY POP ADDRESS COLO PROVIDER EUROPE London Cox Lane, Chessington KT9 1SJ, London Digital Realty London Epsilon
    [Show full text]
  • Digital Realty Trust, Inc. Acquires Datacenters in New York City and Northern Virginia from Abovenet
    Digital Realty Trust, Inc. Acquires Datacenters in New York City and Northern Virginia From AboveNet Company Release - 10/02/2006 07:00 SAN FRANCISCO, Oct. 2 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc. (NYSE: DLR), the leading owner and manager of corporate datacenters and Internet gateways, has acquired the East Coast datacenter business of AboveNet Inc., (http://www.above.net), a premier metro access provider of custom fiber solutions. The purchase price is $40 million. The transaction consists of the purchase of one fee simple interest property in Reston, Virginia and two leaseholds located in New York City and Vienna, Virginia. The purchase includes approximately 120,000 square feet of datacenter facilities in three buildings containing approximately 58,000 square feet of turn-key datacenter space. Following are details about the three datacenters involved in this transaction: -- The datacenter facility at 1807 Michael Faraday Court in Reston, has a total square footage of 19,237 square feet and contains 11,541 square feet of Turn-Key Datacenter space. The underlying property and its improvements are being acquired at this site. -- The datacenter facility located at 111 8th Avenue in New York City has a total square footage of 83,137 square feet and contains 35,463 square feet of Turn-Key Datacenter space that will be operated by Digital Realty Trust. The improvements are being acquired at this site which is subject to a lease. -- The datacenter facility located at 8100 Boone Boulevard in Vienna has a total square footage of 17,015 square feet and contains 10,935 square feet of Turn-Key Datacenter space that will be operated by Digital Realty Trust.
    [Show full text]
  • Digital Realty Trust (USA): Merger with Dupont Fabros Technology- UPDATE FTSE EPRA/NAREIT Global Real Estate Index Series
    Further to the FTSE notice released on 11 September 2017 in relation to the Digital Realty Trust (USA) Merger with DuPont Fabros Technology (USA), please note that as a result of the merger, the previously announced quarterly shares in issue update for Digital Realty Trust (USA, B03GQS4) effective 18 September 2017 has been updated to 204,615,930. Please refer to review products for further details. All details below remain unchanged. Digital Realty Trust (USA): Merger with DuPont Fabros Technology- UPDATE FTSE EPRA/NAREIT Global Real Estate Index Series 12 September 2017 Subject to the completion of the merger between Digital Realty Trust (USA, REIT, Rental constituent) and DuPont Fabros Technology (USA, REIT, Rental, constituent), please see details of affected indexes and effective dates below: Effective From Index Change Start of Trading FTSE EPRA/NAREIT Global Index DuPont Fabros Technology (USA, 14 September 2017 B28HRD8) will be deleted from the index. Digital Realty Trust (USA, B03GQS4) will remain in the index with an increased shares in issue total from 159,774,915 to 202,195,628* and a decreased investability weighting from 99.601181400000000% to 99.4946475326623%. FTSE EPRA/NAREIT Developed DuPont Fabros Technology will be 14 September 2017 Index deleted from the index. Digital Realty Trust will remain in the index as detailed above. FTSE EPRA/NAREIT Developed ex DuPont Fabros Technology will be 14 September 2017 Asia Index deleted from the index. Digital Realty Trust will remain in the index as detailed above. FTSE EPRA/NAREIT Developed ex DuPont Fabros Technology will be 14 September 2017 Europe Index deleted from the index.
    [Show full text]
  • Digital Realty Trust Annual Report 2021
    Digital Realty Trust Annual Report 2021 Form 10-K (NYSE:DLR) Published: March 1st, 2021 PDF generated by stocklight.com Index to Financial Statements UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From to . Commission file number 001-32336 (Digital Realty Trust, Inc.) 000-54023 (Digital Realty Trust, L.P.) DIGITAL REALTY TRUST, INC. DIGITAL REALTY TRUST, L.P. (Exact name of registrant as specified in its charter) Maryland (Digital Realty Trust, Inc.) 26-0081711 (StateM oarr yoltahnedr (jDuirgisitdaicl tRioena lotyf Tinrcuosrtp, oLr.Pat.)ion or 20-2402955 organization) (IRS employer identification number) 5707 Southwest Parkway, Building 1, Suite 275 Austin, Texas 78735 (Address of principal executive offices) (Zip Code) (737) 281-0101 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Trading Title of each class Symbols(s) Name of each exchange on which registered Digital Realty Common Stock, $0.01 par value per share DLR New York Stock Exchange Trust, Inc. Series C Cumulative Redeemable Perpetual DLR Pr C New York Stock Exchange Preferred Stock, $0.01 par value per share Series J Cumulative Redeemable Preferred DLR Pr J New York Stock Exchange Stock, $0.01 par value per share Series K Cumulative Redeemable Preferred DLR Pr K New York Stock Exchange Stock, $0.01 par value per share Series L Cumulative Redeemable Preferred DLR Pr L New York Stock Exchange Stock, $0.01 par value per share Digital Realty None None None Trust, L.P.
    [Show full text]
  • Q1'20 Supplemental FINAL.Pdf
    Financial Supplement Table of Contents First Quarter 2020 Overview PAGE Corporate Information 3 Ownership Structure 5 Key Quarterly Financial Data 6 Consolidated Statements of Operations Earnings Release 8 2020 Outlook 11 Consolidated Quarterly Statements of Operations 13 Funds From Operations and Core Funds From Operations 14 Adjusted Funds From Operations 15 Balance Sheet Information Consolidated Balance Sheets 16 Components of Net Asset Value 17 Consolidated Debt Analysis and Global Unsecured Revolving Credit Facilities 18 Debt Maturities 19 Debt Analysis and Covenant Compliance 20 Internal Growth Same-Capital Operating Trend Summary 21 Summary of Leasing Activity - Signed 22 Summary of Leasing Activity - Commenced 23 Lease Expirations and Lease Distribution 24 Lease Expirations - By Product Type 25 Top 20 Customers by Annualized Rent 26 Portfolio Summary 27 Portfolio Overview by Product Type 28 Product Overview by Metropolitan Area 29 Occupancy Analysis 30 External Growth Development Lifecycle - Committed Active Development 31 Development Lifecycle – In Service 32 Construction Projects in Progress 33 Historical Capital Expenditures and Investments in Real Estate 34 Development Lifecycle - Held for Development 35 Acquisitions / Dispositions / Joint Ventures 36 Unconsolidated Joint Ventures 37 Additional Information Reconciliation of Earnings Before Interest, Taxes, Depreciation & Amortization and Financial Ratios 38 Management Statements on Non-GAAP Measures 39 Forward-Looking Statements 41 Financial Supplement Corporate Information First Quarter 2020 Corporate Profile Digital Realty owns, acquires, develops and operates data centers. The company is focused on providing data center, colocation and interconnection solutions for domestic and international customers across a variety of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
    [Show full text]
  • 11,500,000 Shares
    SUBJECT TO COMPLETION, DATED MAY 16, 2016 anying PRELIMINARY PROSPECTUS SUPPLEMENT (To Prospectus dated April 20, 2015) 11,500,000 Shares is not permitted. Common Stock We expect to enter into a forward sale agreement with each of Bank of America, N.A., Citibank, N.A. and JPMorgan Chase Bank, N.A., which we refer to in this capacity as the forward purchasers. In connection with the forward sale agreements, the forward purchasers or their affiliates are borrowing from third parties and selling to the underwriters an aggregate of 11,500,000 shares of our common stock (or an aggregate of 13,225,000 shares of our common stock if the underwriters’ option to purchase additional shares is exercised in full) that will be delivered in this offering. We will not initially receive any proceeds from the sale of shares of our common stock by the forward purchasers. We expect to physically settle the forward sale agreements (by the delivery of shares of our common stock) and receive proceeds from the sale of those shares of our common stock upon one or more forward settlement dates no later than May 19, 2017. We may also elect to cash settle or net share settle all or a portion of our obligations under a forward sale agreement if we conclude it is in our best interest to do so. If we elect to cash settle a forward sale agreement, we may not receive any proceeds and we may owe cash to the relevant forward purchaser in certain circumstances. If we elect to net share settle a forward sale agreement, we will not receive any proceeds, and we may owe shares of our common stock to the relevant forward purchaser in certain circumstances.
    [Show full text]