Financing and Debt Management - The company completed a $740 million senior unsecured term loan facility in January 2023[136] - The company has $1.1 billion available under its Global Revolving Credit Facilities as of May 1, 2023, with a total capacity of $3.9 billion[196][197] - Outstanding consolidated debt as of March 31, 2023, totaled $18.0 billion, with 81.1% being fixed-rate debt and 18.9% variable-rate debt[201] - Total outstanding debt as of March 31, 2023 was $18.0 billion, consisting of $14.6 billion in fixed rate debt (including interest rate swaps) and $3.4 billion in variable rate debt[222] - A 10% increase in interest rates would decrease the fair value of fixed rate debt by $265.4 million and increase annual interest expense on variable rate debt by $17.0 million[223] - A 10% decrease in interest rates would increase the fair value of fixed rate debt by $278.5 million and decrease annual interest expense on variable rate debt by $17.0 million[223] - Teraco secured a syndicated loan facility worth R11.8 billion ($681 million) in December 2022, with R5.7 billion ($329 million) allocated for growth and R6.1 billion ($329 million) for refinancing existing debt[199] - The company's pro-rata share of secured debt from unconsolidated entities was approximately $1,123.4 million as of March 31, 2023[203] Occupancy Rates - North America occupancy rate decreased from 86.3% in December 2022 to 84.8% in March 2023[138] - Europe occupancy rate decreased from 79.3% in December 2022 to 77.7% in March 2023[138] - Asia Pacific occupancy rate slightly decreased from 75.9% in December 2022 to 75.6% in March 2023[138] - Africa occupancy rate increased from 70.2% in December 2022 to 74.9% in March 2023[138] - Consolidated portfolio occupancy rate decreased from 83.5% in December 2022 to 82.3% in March 2023[138] - Managed Unconsolidated Portfolio occupancy rate decreased from 98.4% in December 2022 to 97.5% in March 2023[138] - Non-Managed Unconsolidated Portfolio occupancy rate decreased from 87.1% in December 2022 to 86.1% in March 2023[138] - Total portfolio occupancy rate decreased from 84.7% in December 2022 to 83.5% in March 2023[138] Revenue and Expenses - Total operating revenues increased by 18.8% to $1.34 billion in Q1 2023 compared to Q1 2022[155] - Stabilized rental and other services revenue increased by 11.4% to $1.06 billion in Q1 2023[155] - Non-stabilized rental and other services revenue increased by 59.6% to $267.7 million in Q1 2023[155] - Total utilities expenses increased by 43.6% to $346.4 million in Q1 2023[158] - Total property level operating expenses increased by 26.8% to $616.0 million in Q1 2023[158] - Depreciation and amortization increased by $39.1 million (10.2%) to $421.2 million in Q1 2023 compared to Q1 2022[166] - Total operating expenses rose by $175.3 million (17.8%) to $1.16 billion in Q1 2023[166] - Interest expense increased by $35.5 million in Q1 2023, driven by new debt issuances and higher interest rates[170] - Income tax expense increased by $8.2 million in Q1 2023 due to acquisitions and foreign jurisdiction impacts[171] - Loss from early extinguishment of debt decreased by $51.1 million in Q1 2023 compared to Q1 2022[169] Leasing and Rental Rates - The average remaining lease term as of March 31, 2023, was approximately five years[140] - Renewals signed for spaces 0-1 MW increased rental rates by 5.1% to $222 per square foot[141] - Renewals signed for spaces >1 MW increased rental rates by 11.8% to $152 per square foot[141] - New leases signed for spaces 0-1 MW achieved rental rates of $239 per square foot[141] - Northern Virginia accounted for 17.9% of total annualized rent as of March 31, 2023[146] - The aggregate amount of abatements for Q1 2023 was approximately $31.0 million[146] Capital Expenditures and Development - The company expects $1.7 billion to $1.9 billion in capital expenditures for development programs in 2023[186] - Total construction in progress and land held for future development amounted to $8.46 billion as of March 31, 2023[189] - Data center construction includes 8.8 million square feet of Turn Key Flex® and Powered Base Building® products, expected to be delivered within 12 months[190] - Capital expenditures for development projects increased to $644.9 million in Q1 2023, up from $430.9 million in Q1 2022, reflecting a 49.7% year-over-year growth[191] - Total capital expenditures (excluding indirect costs) reached $688.2 million in Q1 2023, a 42.4% increase compared to $483.1 million in Q1 2022[191] - Capitalized interest for Q1 2023 was $26.8 million, up 81.1% from $14.8 million in Q1 2022, driven by increased qualifying activities[192] Cash Flow and Financial Position - As of March 31, 2023, the company had $131.4 million in cash and cash equivalents, excluding $10.2 million in restricted cash[184] - Net cash provided by operating activities increased by 25.9% to $349.7 million in Q1 2023, compared to $277.7 million in Q1 2022[206] - Net cash used in investing activities rose to $749.0 million in Q1 2023, up 4.2% from $719.1 million in Q1 2022, primarily due to increased spending on development projects[206][209] - The company's debt-to-total enterprise value ratio was approximately 37% as of March 31, 2023, based on a closing stock price of $98.31[201] Funds from Operations (FFO) - FFO (Funds from Operations) for Q1 2023 was $484.7 million, compared to $465.4 million in Q1 2022, representing a 4.1% year-over-year increase[215] - Basic FFO per share and unit for Q1 2023 was $1.63, up from $1.60 in Q1 2022[215] - Diluted FFO per share and unit for Q1 2023 was $1.60, unchanged from Q1 2022[215] - Real estate related depreciation and amortization increased to $412.2 million in Q1 2023 from $374.2 million in Q1 2022, a 10.2% increase[215][217] Foreign Currency and Risk Management - The company has foreign currency exposure primarily to the Euro, Japanese yen, British pound sterling, Singapore dollar and South African rand[224] - The company mitigates foreign exchange risk by financing investments in local currencies and using hedging instruments like foreign currency forwards and options[224] - The company is exposed to foreign currency exchange risk, primarily to the Euro, Japanese yen, British pound sterling, Singapore dollar, and South African rand, with limited exposure to the Brazilian real[224] - The company mitigates currency fluctuation risks by financing investments in local currencies and using foreign currency forwards or options, though effectiveness is not guaranteed[224] - Changes in foreign currency exchange rates may impact the company's revenues, operating margins, distributions, and the book value of assets and stockholders' equity[224] Disclosure Controls and Procedures - Disclosure controls and procedures were deemed effective by management as of the end of Q1 2023[226][230] - The company maintains disclosure controls and procedures to ensure timely and accurate reporting under the Securities Exchange Act of 1934[225] - The company's management evaluates the cost-benefit relationship of controls and procedures, recognizing that they provide only reasonable assurance of achieving control objectives[225] - The company has investments in unconsolidated entities accounted for using the equity method, with limited disclosure controls compared to consolidated subsidiaries[225] - The company's chief executive officer and chief financial officer concluded that disclosure controls and procedures were effective at the reasonable assurance level[226] - No material changes in the company's internal control over financial reporting occurred during the most recent fiscal quarter[227] - The Operating Partnership also maintains disclosure controls and procedures similar to the company, with investments in unconsolidated entities accounted for using the equity method[229] - The Operating Partnership's chief executive officer and chief financial officer concluded that its disclosure controls and procedures were effective at the reasonable assurance level[230] Equity and Unconsolidated Entities - Equity in earnings of unconsolidated entities decreased by $46.1 million in Q1 2023 due to foreign exchange remeasurement of debt[167] - The company has investments in unconsolidated entities accounted for using the equity method, with limited disclosure controls compared to consolidated subsidiaries[225] - The Operating Partnership also maintains disclosure controls and procedures similar to the company, with investments in unconsolidated entities accounted for using the equity method[229]

Digital Realty Trust, Inc. (NYSE:DLR) Q1 2023 Earnings Conference Call April 27, 2023 5:00 PM ET Company Participants Jordan Sadler – Senior Vice President-Public and Private Investor Relations Andy Power – President and Chief Executive Officer Matt Mercier – Chief Financial Officer Greg Wright – Chief Investment Officer Chris Sharp – Chief Technology Officer Corey Dyer – Chief Revenue Officer Conference Call Participants Nick Del Deo – MoffettNathanson Jonathan Atkin – RBC Jon Petersen – Jefferies Michael ...

Table of Contents 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, 2022 ☐ 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, I ...

Digital Realty Trust, Inc. (NYSE:DLR) Q4 2022 Earnings Conference Call February 16, 2023 5:00 PM ET Company Participants Jordan Sadler - Investor Relations Andy Power - President and Chief Executive Officer Matt Mercier - Chief Financial Officer Greg Wright - Chief Investment Officer Chris Sharp - Chief Technology Officer Corey Dyer - Chief Revenue Officer Conference Call Participants Ari Klein - BMO Capital Markets Eric Luebchow - Wells Fargo Jon Atkin - RBC Capital Markets Michael Elias - Cowen & Co Micha ...

Digital Realty Trust, Inc. (NYSE:DLR) Citi Communications, Media & Entertainment Conference January 5, 2023 1:15 PM ET Company Participants Matthew Mercier - CFO Jordan Sadler - SVP, Public & Private IR Conference Call Participants Michael Rollins - Citigroup Michael Rollins Good morning. And for those of you web-streaming, welcome back to Citi's 2023 Communications Media and Entertainment Conference. For those of you who haven't met, I'm Mike Rollins, and I cover communication services and infrastructure c ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2022 ☐ 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 TR ...

Digital Realty Trust, Inc. (NYSE:DLR) Q3 2022 Earnings Conference Call October 26, 2022 5:00 PM ET Company Participants Jordan Sadler - SVP, Public & Private IR Arthur Stein - CEO & Director Andrew Power - President & CFO Christopher Sharp - CTO Gregory Wright - CIO Corey Dyer - Chief Revenue Officer Conference Call Participants Jonathan Atkin - RBC Capital Markets Frank Louthan - Raymond James & Associates David Barden - Bank of America Merrill Lynch Michael Rollins - Citigroup Michael Elias - Cowen and Co ...

Digital Realty Trust, Inc. (NYSE:DLR) Bank of America 2022 Global Real Estate Conference Transcript September 14, 2022 2:55 PM ET Executives Jordan Sadler - Senior Vice President, Public and Private Investor Relations Analysts David Barden - Bank of America David Barden Being with us here today, continuing to join us at the 2022 Global Real Estate Conference. I hope everything is going well for everybody. My name is David Barden. You did not see me here last year. I took over data center coverage from my co ...

Digital Realty Trust, Inc. (NYSE:DLR) Bank of America 2022 Media, Communications & Entertainment Conference September 8, 2022 2:40 PM ET Company Participants Bill Stein - Chief Executive Officer Andy Power - President and Chief Financial Officer Conference Call Participants David Barden - Bank of America David Barden Okay. Well, thank you guys for continuing the comm infrastructure track here. Really appreciate to see you guys here again. Bill Stein, CEO of Digital Realty. Thank you for coming. Andy Power, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2022 ☐ 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, ...