Digital Realty Trust, Inc. · NYSE:DLR

Digital Realty Trust — Q3 2013 Earnings Presentation

20 slides from Digital Realty Trust's earnings presentation, Oct 30, 2013

  1. Slide 1: 3Q13 Earnings Conference Call Presentation

    Exhibit 99.1 Exhibit DIGITAL Data 3Q13 Center Earnings 99.1 REALTY Solutions Conference Call Presentation October 30, 2013

  2. Slide 2: 3Q13 Leasing Activity

    DIGITAL Data 3Q13 Third Annualized Base Type Turn-Key Custom Colocation Non-Technical Total $Historical 1Q07 $0 $20 $40 $60 1(1) inGAAP millions Center Annualized of 340,559 highest Leasing 2Q07 Space Solutions FlexSM REALTY Signings rental 20,895 GAAP 3Q07 Solutions lease $139 Activity Total 31,015

  3. Slide 3: 3Q13 Renewal Activity

    DIGITAL Data Turn-Key Cash -10% 0% 10% 20% 30% 40% 50% 3Q13 Signed Rental Renewed Early 2Completed Center Rent Renewals Renewal rates $45 480,000 Flex REALTY %five million on Solutions Change Activity SM renewals early with square Powered ofEquinix renewals GAAP renewal increased feetBase Rent oflea

  4. Slide 4: Annualized NOI and Leasing Backlog

    3(8)Annualized DIGITAL Data $952 $950 $25 $24 3Q13 $750 $800 $850 $900 NOI Center Contractual $59M $1,000 $1,050 (carryover) REALTY (1)Incremental (2)Chart (3)3Q13 (4)Adjustment Appendix. (5)Annualized (6)Recognized (7)Adjustment in $15 millions (3) $7 $926 Solutions Annualized of$990 commenced $31

  5. Slide 5: U.S. Major Market Data Center Supply vs. Demand

    30 DIGITAL Data 3Q13 in 19 20 13 11 megawatts Center U.S.REALTY Major Solutions Surplus Market Shortfall Data Center DigitalSupply Realty vs. Inventory Demand (1) 10 44(1)Based 0(2) U.S.:(3.2)(4) Total (21) -20 -10 (24) Boston -30 Chicago on Digital Dallas Realty Houston internal N. estimates Virgin

  6. Slide 6: U.S. Major Market Current Supply Under Construction

    50 DIGITAL Data 3Q13 in Current 41 40 36 30 megawatts Center U.S. Supply REALTY Major Solutions New Market Construction Data Center Supply (1) 26 22 20oston Chicago 15 11 18 11 10 0B 5(1)Based on Digital Dallas Realty Houston internal N. estimates VA NY Metro Phoenix Silicon Valley

  7. Slide 7: Historical Leasing Signings

    DIGITAL Data Historical 2013 GAAP in $120 $137 $160 $106 2007 $0 $40 $56 $64 $80 Rates/PSF—$128 6TKF Global Millions Center PBB YTD $112 $107 2008 Annualized REALTY Lease Custom $112 2009 signings Solutions 2010 Signings $153 Solutions Base have 2011 $158 Rent already 2012 DC $172Master surpassed 20

  8. Slide 8: Data Demand: Partners and Consultants

    Datademand IT/Vertical Consultants DIGITAL Datacenter Fitouts Power Value Connectivity Tools Added Managed Services Network Enabling The 7Digital Center Equipment Resellers Tools Core Services Consulting Realty Digital our Cloud REALTY GLOBAL CORE Space Systems Digital Solutions for Plus clients kee

  9. Slide 9: Build Sales Velocity

    DIGITAL Data Build Continued Large Identified Enterprise Heightened retention. for supply/demand Optimized Sales SMB to velocity demand 8FinServ deal deal Center and attention Midmarket Segment velocity generation. Cloud and Alliance Ideal REALTY drive focus for Focus Solutions rapid Inside Program.

  10. Slide 10: 3Q13 FFO per Diluted Share

    $1.25 DIGITAL Data FFO $1.22 $ 0.07per $1.20 $0.01 $1.15 $0.01 2Q13 $1.00 $1.05 $1.10 FFO Per Center catch-up (3)$5.6M (4)$10M (5)$1.9M (6)$2.8M (7)Add 9(8)$2M (1) $0.01 diluted Diluted aREALTY Reported back is Solutions increase $1.10 settlementshare 0.04 Share: $capitalization $ (2)(3)(4)(5)(7) (

  11. Slide 11: 3Q13 Core FFO per Diluted Share

    $0.01 DIGITAL Data $Core $1.20 $1.25 1.19 (2)Center $1.15 2Q13 $1.00 $1.05 $1.10 FFO $0.01 (2)$1.5M (3)$0.8M (4)$1.9M (5)$1.0M (6)$1.2M 10 $0.01 CoreREALTY Per per Solutions 1.16diluted Diluted assessments FFO related$0.03 $ increase 1.14 capitalization up (1)Core straight-line personal net FFO is r

  12. Slide 12: Bridging FFO Guidance

    $4.85 DIGITAL Data Bridging FFO $4.75per $0.06 $4.65 $4.55 Center Mid-single diluted Prior REALTY $0.07 $0.03 $0.01 $0.08Solutions toshare Revised digit FFO/sh FFO Guidance growth Mid-point $4.25 $4.35 $4.61 $4.45 $4.78 2013 diluted Guidance (1)Mid-point (2)For 11 FFO ashare reconciliation (1) of pe

  13. Slide 13: Joint Venture Financing with Prudential

    DIGITAL Data Joint Partner Size Formation Ownership Use Term $185 LIBOR Financing JV all-in Management PREI Average Returns Digital Excess sale Participation Diversifies Establishes Validates sophisticated Benefits Frees Reduces (1)Includes (2)Represents (3)Subject (4)Assumes (5)The promote 12 swapp

  14. Slide 14: REIT Balance Sheet Comparables

    50% DIGITAL Data REIT Digital Net 8.0x 44% 46% 6.2xDebt 40% 5.7x 6.0x 2.0x 26% 30% 4.0x 33% Center Credit Realty 7.3x /REALTY LQA 6.3x 40% 5.3x 25% Solutions Comparables maintains EBITDA 6.4x 5.4x 36% a Total Flexible, – “BBB+” DebtInvestment +orPreferred Higher Grade / TotalBalance Enterprise Sheet

  15. Slide 15: Appendix

    DIGITAL Data Appendix Center REALTY Solutions

  16. Slide 16: Forward-Looking Statements

    DIGITAL Data Forward The Such availability acquisitions stabilization with rates; cost expansion development rental meet projected rights the subject actual downgrade recession; significant increased ratings effectively; center of successfully comply activities; ownership exhaustive, filings forward

  17. Slide 17: Definitions

    DIGITAL Data Definitions The calculation any Funds adjustments losses recognized amortization limited. supplement Adjusted operating REITs, (iv) stock. accordance Core We when transaction (vii) is computed Net NOI commonly below cash commissions measures REITs’ 16 limited. calculate present straight

  18. Slide 18: Definitions

    DIGITAL Data Definitions Earnings We investors periods, redeeming recurring Adjusted accordance Each CFFO, 17 believe Center ofAFFO, FFO, gain Before EBITDA to cash REALTY our that with of view Solutions from CFFO, Non–GAAP requirements NOI, preferred earnings GAAP) Interest our change are may Cash

  19. Slide 19: Reconciliation of FFO and Core FFO

    (1) DIGITAL Data Digital Reconciliation (in Three (unaudited) September Net Noncontrolling Adjustments: Real unconsolidated Gain FFO Weighted Basic Diluted (2) (3) (4) 18 thousands, income estate available Center on FFO 130,977 Months Realty ImpactFFO (2) Depreciation $Non-real Add: Termination Sign

  20. Slide 20: Reconciliation of Net Operating Income and Guidance

    DIGITAL Data Digital Reconciliation (in (unaudited) Three Real September Operating Dilutive Less: Construction Depreciation General Transactions Other Add: Net 3Q13 19 thousands) income Operating estate Center Projected Straight-line Less: Annualized revenue(14) expenses Months Realty and impact REA

Digital Realty Trust — Q3 2013 Earnings Presentation on 6ix