digital realty investor presentation
Net non-cash rent adjustments represent the sum of straight-line rental revenue and straight-line rent expense, as well as the amortization of above- and below-market leases (i.e., ASC 805 adjustments). The transaction generated net proceeds of approximately $960 million, and Digital Realty recognized a gain of approximately $1 billion in the fourth quarter of 2021. For a definition and discussion of AFFO, see the definitions section. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! If you experience any issues with this process, please contact us for further assistance. Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. Commercial Real Estate Investing | Cominar Ranked by market cap as of March 31, 2023. A live webcast of the call will be available via the Investors section of Digital Realty's website at https://investor.digitalrealty.com/. Net debt-to-Adjusted EBITDA ratio is calculated using total debt at balance sheet carrying value, plus capital lease obligations, plus our share of unconsolidated JV debt, less unrestricted cash and cash equivalents (including our share of unconsolidated JV cash)divided by the product of Adjusted EBITDA (inclusive of our share of unconsolidated JV EBITDA) multiplied by four. For the quarter ended March 31, 2021, GAAP interest expense was$76 million, capitalized interest was $11 million and scheduled debt principal payments and preferred dividends was $14 million. DIGITAL REALTY REPORTS FOURTH QUARTER 2021 RESULTS - PR Newswire DIGITAL REALTY REPORTS THIRD QUARTER 2022 RESULTS - PR Newswire En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. Adjusted Funds From Operations (AFFO) Unaudited and in Thousands, Except Per Share Data, Core FFO available to common stockholders and unitholders, Non-cash stock-based compensation expense, Above- and below-market rent amortization, Leasing compensation & internal lease commissions, AFFO available to common stockholders and unitholders (2), Weighted-average shares and units outstanding - diluted (3), Weighted Average Common Stock and Units Outstanding, Weighted Avg. FFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance. Digital Realty reported revenues for the first quarter of 2021 of $1.1 billion, a 3% increase from the previous quarter and a 32% increase from the same quarter last year. The portfolio is expected to generate 2021 cash net operating income of approximately $45 million, representing a cap rate of approximately 6.7%. This press release contains non-GAAP financial measures, including FFO, core FFO and Adjusted EBITDA. Digital Realty priced its initial public offering on October 28, 2004 at $12.00 per share. Such forward-looking statements include statements relating to: our expected investment and expansion activity, COVID-19, our liquidity, our joint ventures, supply and demand for data center and colocation space, our acquisition and disposition activity, pricing and net effective leasing economics, market dynamics and data center fundamentals, our strategic priorities, rent from leases that have been signed but have not yet commenced and other contracted rent to be received in future periods, rental rates on future leases, lag between signing and commencement, cap rates and yields, investment activity, the company's FFO, core FFO and net income, 2021 outlook and underlying assumptions, information related to trends, our strategy and plans, leasing expectations, weighted average lease terms, the exercise of lease extensions, lease expirations, debt maturities, annualized rent at expiration of leases, the effect new leases and increases in rental rates will have on our rental revenue, our credit ratings, construction and development activity and plans, projected construction costs, estimated yields on investment, expected occupancy, expected square footage and IT load capacity upon completion of development projects, 2021 backlog NOI, NAV components, and other forward-looking financial data. Introduction. By signing up you agree to receive content from us. The meeting place for companies, technologies and data. Digital realty 2017 investor day. Digital Realty, Digital Realty Trust, the Digital Realty logo, Turn-Key Flex and Powered Base Building are registered trademarks and service marks of Digital Realty Trust, Inc. in the United States and/or other countries. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter. Connected. We present adjusted funds from operations, or AFFO, as a supplemental operating measure because, when comparedyear overyear, it assesses our ability to fund dividend and distribution requirements from our operating activities. Digital Realty recently took a big step toward international diversification by acquiring a portfolio of eight European data centers for $874 million. Digital Realty Trust : Investor Presentation September 2022 | MarketScreener Homepage Equities United States Nyse Digital Realty Trust, Inc. News Summary DLR US2538681030 DIGITAL REALTY TRUST, INC. (DLR) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds Summary Most relevant All News Because EBITDA and Adjusted EBITDA are calculated before recurring cash charges including interest expense and income taxes, exclude capitalized costs, such as leasing commissions, and are not adjusted for capital expenditures or other recurring cash requirements of our business, their utility as a measure of our performance is limited. 3 As of March 31, 2023. The telephone replay can be accessed by dialing (877) 344-7529 (for domestic callers) or (412) 317-0088 (for international callers) and providing the conference ID# 3330128. Jim Huseby. All per-share results are presented on a fully-diluted share and unit basis. See our quarterly report on Form10Q filed on May10, 2019 for additional information. 50+ . We calculate AFFO by adding to or subtracting from core FFO (i)non-real estate depreciation, (ii)amortization of deferred financing costs, (iii)amortization of debt discount/premium, (iv)non-cash stock-based compensation expense, (v)straight-line rental revenue, (vi)straight-line rental expense, (vii)above- and below-market rent amortization, (viii)deferred tax (expense) benefit, (ix)leasing compensation and internal lease commissions, and (x)recurring capital expenditures. By signing up you agree to receive content from us. Senior Vice President, Public & Private Investor Relations, (737) - 281 - 0101 Total enterprise value defined as market value of common equity plus debt plus preferred stock. This document 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 and results to differ materially. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with over 280 facilities in nearly 50 metros across 25 countries on six continents. Other includes Powered Base Building shell capacity as well as storage and office space within fully improved data center facilities. Other REITs may calculate NOI and cash NOI differently than we do and, accordingly, our NOI and cash NOI may not be comparable to other REITs' NOI and cash NOI. Adjusted EBITDA divided by cash interest expense (including our pro rata share of unconsolidated joint venture interest expense). Digital Realty - Investor Relations - Investor Relations Adjusted Funds From Operations (AFFO) Unaudited and in Thousands, Except Per Share Data, Core FFO available to common stockholders and unitholders, Non-cash stock-based compensation expense, Above- and below-market rent amortization, Leasing compensation & internal lease commissions, AFFO available to common stockholders and unitholders (2), Weighted Average Common Stock and Units Outstanding, Weighted Avg. Balance Sheet Digital Realty had approximately $13.4 billion of total debt outstanding as of December 31, 2021, comprised of $13.3 billion of unsecured debt and approximately $0.1 billion of. Net non-cash rent adjustments represent the sum of straight-line rental revenue and straight-line rent expense, as well as the amortization of above- and below-market leases (i.e., ASC 805 adjustments). Top 8 Data Center REITs For Dividends And Growth Digital Realty PlatformDIGITAL, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture (PDx) solution methodology for scaling digital business and efficiently. Other REITs may calculate EBITDA and Adjusted EBITDA differently than we do and, accordingly, our EBITDA and Adjusted EBITDA may not be comparable to other REITs' EBITDA and Adjusted EBITDA. Preferred Stock: $0.01 par value per share, 110,000,000 shares authorized: Series C Cumulative Redeemable Perpetual Preferred Stock (3), Series G Cumulative Redeemable Preferred Stock (4), Series I Cumulative Redeemable Preferred Stock (5), Series J Cumulative Redeemable Preferred Stock (6), Series K Cumulative Redeemable Preferred Stock (7), Series L Cumulative Redeemable Preferred Stock (8), Common Stock: $0.01 par value per share, 392,000,000 shares authorized (9), Accumulated other comprehensive income (loss), net, Noncontrolling interest in operating partnership, Noncontrolling interest in consolidated joint ventures. Relates to severance and other charges related to the departure of company executives and integration-related severance. Rental rates on renewal leases signed during the fourth quarter of 2021 rolled down 3.9% on a cash basis and down 2.6% on a GAAP basis. Based on quarterly average exchange rates during the three months ended March 31, 2021. FFO represents net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from real estate transactions, impairment of investment in real estate, real estate related depreciation and amortization (excluding amortization of deferred financing costs), unconsolidated JV real estate related depreciation& amortization, non-controlling interests in operating partnership and after adjustments for unconsolidated partnerships and joint ventures. The company delivered fourth quarter of 2021 net income of $1.1 billion, and net income available to common stockholders of $1.1 billion, or $3.71 per diluted share, compared to $0.44 per diluted share in the previous quarter and $0.16 per diluted share in the same quarter last year. Mortgage debt and other loans divided by market value of common equity plus debt plus preferred stock. If you experience any issues with this process, please contact us for further assistance. For the third quarter 2021, includes a $19 million promote received related to a sale of portfolio of assets within an unconsolidated joint venture. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with 290 facilities in 47 metros across 24 countries on six continents. 4,000+ Customers. SeriesG Cumulative Redeemable Preferred Stock, 5.875%, $0 (redeemed October 15, 2020, reclassified to accounts payable as of September 30, 2020 for accounting purposes) and $250,000 liquidation preference, respectively ($25.00 per share), 0 and 10,000,000 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively. Moreover, we operate in a very competitive and rapidly changing environment. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Digital Realty had approximately $13.4 billion of total debt outstanding as of December 31, 2021, comprised of $13.3 billion of unsecured debt and approximately $0.1 billion of secured debt. Change in accrued interest and other non-cash amounts, Debt plus preferred stock to total enterprise value (10). Includes lease termination fees and certain other adjustments that are not core to our business. However, because NOI and cash NOI exclude depreciation and amortization and capture neither the changes in the value of our data centers that result from use or market conditions, nor the level of capital expenditures and capitalized leasing commissions necessary to maintain the operating performance of our data centers, all of which have real economic effect and could materially impact our results from operations, the utility of NOI and cash NOI as measures of our performance is limited.