Digital Realty Trust, Inc. · NYSE:DLR
Digital Realty Trust — Investor Presentation (June 2026)
34 slides from Digital Realty Trust's investor presentation, June 2026
Slide 1: Global. Connected. Sustainable. Investor Presentation June 2026
Global. Connected. Sustainable. INVESTOR PRESENTATION June 2026 The meeting place for companies, technologies and data
Slide 2: Digital Realty Overview
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Slide 3: A Global Data Center and Connectivity Platform
A Global Data Center and Connectivity Platform Supporting our Customers’ Critical IT Architecture 5,500+ 234,500 55+ 300+ Customers (1) Cross Connects (1) Metros (1) Data Centers (1) EQUITY & ENTERPRISE VALUE TOP PUBLICLY TRADED U.S. REIT $64 Bn $82 Bn 4th 2016 EQUITY MARKET ENTERPRISE LARGEST ADDED
Slide 4: Offering a Global Data Center Platform
Offering a Global Data Center Platform Capacity in World’s Major Metros to Meet Growing Customer Demand Global Capacity ~9 GW Total IT Capacity ~3 GW In-Place IT Capacity ~6 GW Future Development IT Capacity Geographically Diversified (1) 5% 5% 10% North America Europe 52% APAC Latin America 29% Afr
Slide 5: Development Capacity
Development Capacity For Growing Cloud and AI Workloads >6 GW Future Development Capacity ~1.2 GW Under Construction = >100MWs of Buildable Capacity = >25MWs and <100 MWs of Buildable Capacity = <25MWs of Buildable Capacity >5 GW CAPACITY BLOCKS >100 MW < 100 MW and > 25 MW < 25 MW 10% Capacity Futu
Slide 6: Digital Realty's Competitive Advantage
Digital Realty’s Competitive Advantage Scale, Connectivity, and Execution ServiceFabric® Global Platform Connectivity Customer Relationships Embedded internal expertise as the Allows customers connectivity to Long-standing, deep and trusted world’s largest data center owner, cloud on-ramps, service
Slide 7: Strong Secular Trends
Strong Secular Trends Artificial Intelligence Driving Next-Generation Demand 7
Slide 8: Multiple Secular Demand Drivers
Multiple Secular Demand Drivers Global Demand Across the Product Spectrum Enterprise Digital Cloud Enterprise Artificial Digital Intelligence Transformation Transformation Hybrid IT – Combination of Initial Scale Demand for Training, Scale & Connectivity Characteristics Privately Managed IT plus Gro
Slide 9: Global Data Center Demand
Global Data Center Demand Inference Becoming the Dominant AI Workload by 2027 Growing Data Center Demand 2.7x growth by 2030 26% 42% 2025 2030 in GW AI Inference AI Inference 219 2027: AI Inference overtakes AI Training 181 93 4.4x 153 Growth in AI Inference 72 128 Both AI and non-AI workloads wil
Slide 10: The PlatformDIGITAL Competitive Advantage
The PlatformDIGITAL® Competitive Advantage Delivering Scale, Connectivity, and Flexibility Hyperscale Enterprise / Colo Data Centers Data Centers Hyperscaler on-ramps enable Shared Data Sets Enterprises connect to the enterprises, connectivity providers cloud and other enterprises and carriers to co
Slide 11: AI Platform Readiness
AI Platform Readiness Digital Realty’s modular designs support advanced cooling solutions (1) Increase in Average Rack Density Cooling Technology by Threshold of Rack Densities Enterprise & Average rack density has risen from 7 kW in Enterprise & Colocation + AI / HPC / Hyperscaler 2021 to 27 kW p
Slide 12: AI Continues To Accelerate and Evolve
AI Continues To Accelerate and Evolve AI Impacts How We Engage with Customers, Build our Data Centers, and Develop Our Product Offerings 1 Time to Market & Capacity are Key 2 Location Agnostic, for Now 3 Strong and Growing Demand AI Training Demand Inference Demand Training Building core models Infe
Slide 13: Global Connectivity
Global Connectivity Network Density that Promotes Innovation and Collaboration The ServiceFabric® Differentiating Factor Interconnection Hubs 179+ Digital Realty Facilities Metro Connected Globally 310+ On Ramps Available Globally 30+ METROS 234K+ CROSS-CONNECTS Where Our Internet 530+ Gateways Are
Slide 14: DRIL - Digital Realty Innovation Lab
DRIL- Digital Realty Innovation Lab AI-ready infrastructure on PlatformDIGITAL® State-of-the-art testing and demonstration platform Supports proof of concept evaluations, hybrid cloud design, AI benchmarking, and integrated partner showcases With seamless connectivity via ServiceFabric®, cus
Slide 15: Recent Financial Results
Recent Financial Results Note: Certain data in this section was originally posted to the Company’s website on April 23, 2026 and has not been updated to reflect changes occurring after that date. 15
Slide 16: Executing on Key Strategic Priorities
Executing on Key Strategic Priorities Positioned for Long-Term Sustainable Growth Strong Expanding Bottom Line Growth 5,500+ 234,000+ Operating Results Connectivity Footprint Customers Cross Connects 3 Strategic 55+ Metros 300+ Data Centers $707M Market Entries 15% Bookings at 100% Share Y/Y Growth
Slide 17: Strong Demand Environment
Strong Demand HISTORICAL BOOKINGS ANNUALIZED GAAP BASE RENT Environment $ in millions 0-1MW Interconnection Partner Share >1 MW Other (1) $375 $1,250 $1,050 $300 • Record $98M Bookings in 0-1MW + IX Category $225 $850 $650 • 1Q26 Largest Lease in $150 DLR History $450 $75 $250 • $707M Total Bookings
Slide 18: Enabling the Meeting Place
Enabling the Meeting Place Another Record Quarter of 0-1MW + IX Bookings 1Q26 Results 116 New Logos Added $98M Bookings from 0-1MW + Interconnection 42% Y/Y Growth in Bookings from 0-1 MW + Interconnection Note: Metrics presented at Digital Realty’s share. 18
Slide 19: Robust Pricing Environment
Robust Pricing Environment 1Q26 RENEWAL SPREADS Attractive Renewal 0-1 MW > 1 MW OTHER (1) TOTAL Spreads RENTAL RATE CHANGE RENTAL RATE CHANGE RENTAL RATE CHANGE RENTAL RATE CHANGE 4.3% 7.4% 16.6% 5.0% • Renewals Skewed CASH CASH CASH CASH Toward 0-1 MW Category 5.1% 10.3% 26.1% 6.3% GAAP GAAP GAAP
Slide 20: Lease Expirations Provide Re-Pricing Opportunities
Lease Expirations % of Lease Expirations by Annualized Base Rent (1) Provide Re-Pricing Opportunities 25% >1 MW 0-1 MW 6.5% – 8.5% • Shorter term 0-1 MW 20% 2026 Guidance(2) for leases provide near cash rental rate on renewals term opportunities to 15% drive price increases • Evenly staggered, 10% l
Slide 21: Record Backlog
Record Backlog BACKLOG ROLL-FORWARD (1) $ in millions COMMENCEMENT TIMING (3) $ in millions Multi-Year Visibility $707M $257M $473M $1,828M $1,828M $423M • Backlog Represents $204M $534M 23% of in-place $242M Annualized Rent $1,385M $247M $1,032M • Record Total Backlog of $817M $820M $1.8B at 100% S
Slide 22: High-Quality, Diversified Customer Base
High-Quality, TOP 20 CUSTOMERS Diversified Customer Base Customer Rank Locations % of Customer Rank Locations % of ARR (1) ARR (1) • Top customers have a 1. Fortune 50 Software Company 76 11.4% 11. Specialized Cloud Provider 5 1.4% presence in 39 different 2. 40 9.8% 12. Social Media Platform 2 1.3%
Slide 23: Better Growth + Balance Sheet
Capital Structure(2) Better Growth + Balance Sheet Floating Rate Debt Robust Liquidity, Below Target Leverage Equity Market Capitalization 7% $64 Bn Net Debt to Adjusted EBITDA(1) Liquidity 6.1x ~$7 Bn Fixed Rate Debt 93% 4.7x Debt Maturity Schedule(3)(4) ($ in billions) 1Q24 2Q24 3Q24 4Q24 1Q25 2Q2
Slide 24: 2026 Financial Guidance Update
2026 Financial Guidance Update Improving Core Growth As of February 5, 2026 As of April 23, 2026 Better/Worse Total Revenue $6,600 – $6,700 $6,650 - $6,750 (1) Adjusted EBITDA $3,600 – $3,700 $3,650 - $3,750 Rental Rates on Renewals Leases (Cash) 6.0% – 8.0% 6.5% - 8.5% Year-End Portfolio Occupancy
Slide 25: Appendix
Presenter Name 15/09/22 Appendix
Slide 26: Management Statements on Non-GAAP Measures
Appendix Management Statements on Non-GAAP Measures The information included in this presentation contains certain non-GAAP financial measures that management believes are helpful in understanding our business, as further described below. Our definition and calculation of non-GAAP financial measures
Slide 27: Forward-Looking Statements
Appendix Forward-Looking Statements This information in this presentation contains forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes an
Slide 28: Reconciliation of Non-GAAP Items
Reconciliation of Digital Realty Trust, Inc. and Subsidiaries Reconciliation of Net Income Available to Common Stockholders to Funds From Operations (FFO) Non-GAAP Items (in thousands, except per share and unit data) (unaudited) Three Months Ended To Their Closest GAAP March 31, 2026 March 31, 2025
Slide 29: Reconciliation of Non-GAAP Items
Reconciliation of Non-GAAP Items To Their Closest GAAP Digital Realty Trust, Inc. and Subsidiaries Equivalent Reconciliation of Funds From Operations (FFO) to Core Funds From Operations (CFFO) (in thousands, except per share and unit data) (unaudited) Three Months Ended March 31, 2026 March 31, 2025
Slide 30: Reconciliation of Non-GAAP Items
Reconciliation of Non-GAAP Items To Their Closest GAAP Equivalent Digital Realty Trust, Inc. and Subsidiaries Reconciliation of Net Income Available to Common Stockholders to Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA (in thousands) (unaudited) Three
Slide 31: Reconciliation of Non-GAAP Items
Reconciliation of Digital Realty Trust, Inc. and Subsidiaries Non-GAAP Items Reconciliation of Same Capital Cash Net Operating Income (in thousands) (unaudited) To Their Closest GAAP Three Months Ended Equivalent March 31, 2026 March 31, 2025 Rental revenues $ 849,758 $ 782,759 Tenant reimbursements
Slide 32: Reconciliation of Non-GAAP Items
Total Debt/Total Enterprise Value QE 3/31/26 Reconciliation of Debt Service Ratio (LQA Adjusted EBITDA/GAAP interest expense plus capitalized interest and less bridge facility (i) Market value of common equity $ 64,013,656 fees) (ii) Liquidation value of preferred equity 755,000 Total GAAP interest
Slide 33: Reconciliation of Non-GAAP Items
Total Debt/Total Enterprise Value QE 03/31/24 Debt Service Ratio (LQA Adjusted EBITDA/GAAP interest expense plus capitalized interest and less bridge facility (i) Reconciliation of Market value of common equity $ 45,950,001 fees) Liquidation value of preferred equity(ii) 755,000 Total GAAP interest
Slide 34: Thank you
r Thank you FN DIGITAL Lv REALTY.
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