Digital Realty Trust, Inc. · NYSE:DLR
Digital Realty Trust — Q2 2026 Earnings Presentation
23 slides from Digital Realty Trust's earnings presentation, Jul 23, 2026
Slide 1: 2Q26 Financial Results
2Q26 FINANCIAL RESULTS July 23, 2026 Global. Connected. Sustainable. The meeting place for companies, technologies and data
Slide 2: Executing on Our Three Core Pillars of Growth
Executing on Our Three Core Pillars of Growth Positioned for Long-Term Sustainable Growth Colocation & Connectivity Hyperscale Strategic Private Capital Providing the essential community that Developing high-capacity infrastructure Supports scalable hyperscale capacity combines power, proximity, and
Slide 3: Offering a Global Data Center Platform
Offering a Global Data Center Platform Capacity in Major Metros to Meet Growing Customer Demand Global Capacity ~3 GW In-Place IT Capacity ~9 GW Future Development IT Capacity ~12 GW Total Data Center IT Capacity Note: As of June 30, 2026. 2Q26 Financial Results 3
Slide 4: Development Capacity
Development Capacity For Growing Digital Transformation, Cloud and AI Workloads 9 GW Future Development Capacity ~1.4 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 <
Slide 5: Leading Data Center Partner for Sustainability
Leading Data Center Partner for Sustainability Our Mission is to Deliver Sustainable Data Center Solutions for Our Customers, Communities and the Environment 2025 Sustainability Highlights Note: As of June 30, 2026. 2Q26 Financial Results 5
Slide 6: 2Q26 Financial Results
2Q26 Financial Results 2Q26 Financial Results 6
Slide 7: Enabling the Meeting Place
Enabling the Meeting Place Another Record Quarter of 0-1MW + IX Bookings 2Q26 Results 142 New Logos Added $108M Bookings from 0-1MW + Interconnection 52% of total 2Q Bookings from 0-1 MW + Interconnection Note: Metrics presented at Digital Realty’s share. 2Q26 Financial Results 7
Slide 8: 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 • $307M Total Bookings at $1,050 100% Share $300 $850 $225 • Signed Two Hyperscale $650 Leases for $410M at 100% $150 share, or $205M at DLR $450 shar
Slide 9: Record Backlog
Record Backlog BACKLOG ROLL-FORWARD (1) $ in millions COMMENCEMENT TIMING (4) $ in millions Multi-Year Visibility $208M $208M $198M $312M $1,427M $1,428M $120M $1,427M • Backlog = ~30% of $277M in-place Data Center $480M Rent at DLR Share $393M • Record Total Backlog of $1,324M $1,244M $635M $1,244M
Slide 10: Robust Pricing Environment
Robust Pricing Environment 2Q26 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 5.2% 66.7% 7.6% 25.4% • Record Cash MTM Led CASH CASH CASH CASH by Strength in APAC 5.5% 92.3% 15.2% 32.0% GAAP GAAP GA
Slide 11: Revenue Exposure by Currency
EXPOSURE BY REVENUE (1) Revenue Exposure 54% USD 23% EURO 5% SGD 5% GBP 4% ZAR 2% JPY 2% BRL 2% CHF 1% CAD 1% AUS <1% OTHER by Currency Currency Tailwinds 1% 5% <1% <1% 2% 23% <1% 54% 2% <1% <1% <1% • Local Operations Funded <1% 5% <1% <1% in Local Currencies Act as 2% a Natural Hedge <1% 1% 4% • FX
Slide 12: Matching the Duration of Assets and Liabilities
Matching the Duration of Assets and Liabilities Modest Near-Term Maturities, Well-Laddered Debt Schedule DEBT MATURITY SCHEDULE AS OF JUNE 30, 2026 (1)(2) DEBT PROFILE (U.S. $ in billions) 4.5 YEARS 2.9% Weighted Avg. Weighted Avg. Unsecured $3.7 Maturity (1)(2) Coupon (1) 92% Unsecured Secured $3.0
Slide 13: 2026 Financial Guidance Update
2026 Financial Guidance Update Improving Core Growth As of February 5, 2026 As of April 23, 2026 As of July 23, 2026 Better/Worse Total Revenue (excluding promote income) $6,600 – $6,700 $6,650 - $6,750 $6,850 - $6,950 (1) Adjusted EBITDA $3,600 – $3,700 $3,650 - $3,750 $3,750 - $3,850 Rental Rates
Slide 14: Consistent Execution on Strategic Vision
Consistent Execution on Strategic Vision Delivering Strong Results, Seeding Future Growth 2Q26 Key Takeaways 1. Raised Guidance on Strong Operating Performance (1) Exceeded Expectations Across Revenue, Adj. EBTIDA and Core FFO, Driving a Higher 2026 Outlook 2. Record Performance and Renewal Spreads
Slide 15: Appendix
Appendix 2Q26 Financial Results 15
Slide 16: 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 17: 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 18: Reconciliation of Non-GAAP Items
Reconciliation of Non-GAAP Items Digital Realty Trust, Inc. and Subsidiaries To Their Closest GAAP Reconciliation of Net Income Available to Common Stockholders to Funds From Operations (FFO) (in thousands, except per share and unit data) (unaudited) Equivalent Three Months Ended June 30, 2026 June
Slide 19: Reconciliation of Non-GAAP Items
Reconciliation of Non-GAAP Items Digital Realty Trust, Inc. and Subsidiaries To Their Closest GAAP Reconciliation of Funds From Operations (FFO) to Core Funds From Operations (CFFO) (in thousands, except per share and unit data) Equivalent (unaudited) Three Months Ended Six Months Ended June 30, 202
Slide 20: 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 21: Reconciliation of Non-GAAP Items
Reconciliation of Non-GAAP Items Digital Realty Trust, Inc. and Subsidiaries Reconciliation of Same Capital Cash Net Operating Income (in thousands) To Their Closest GAAP (unaudited) Three Months Ended Six Months Ended Equivalent Rental revenues $ June 30, 2026 860,191 $ June 30, 2025 798,338 $ June
Slide 22: Reconciliation of Non-GAAP Items
Reconciliation of Total Debt/Total Enterprise Value QE 6/30/26 Debt Service Ratio (LQA Adjusted EBITDA/GAAP interest expense plus capitalized interest and less bridge facility (i) Market value of common equity $ 67,643,297 fees) Liquidation value of preferred equity(ii) 755,000 Total GAAP interest e
Slide 23: Thank you
r Thank you FN DIGITAL Lv REALTY.