Digital Realty will provide operational support for Digital Core REIT and will earn fees for asset and property management as well as acquisitions, dispositions, and development. View the latest Digital Realty Trust Inc. (DLR) stock price, news, historical charts, analyst ratings and financial information from WSJ. 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. SEVN . We also believe that, as a widely recognized measure of the operations of REITs, AFFO will be used by investors as a basis to assess our ability to fund dividend payments in comparison to other REITs, including on a per share and unit basis. 3 As of March 31, 2023. Seven Hills Realty Trust SEVN is a real estate investment trust, or REIT, that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. By providing your email address below, you are providing consent to Digital Realty to send you the requested Investor Email Alert updates. Adjusted EBITDA divided by fixed charges (including our pro rata share of unconsolidated joint venture fixed charges). Calculated as net income plus interest expense divided by GAAP interest expense. Source: Bloomberg. Cash NOI is commonly used by stockholders, company management and industry analysts as a measure of property operating performance on a cash basis. AFFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance. NOI is commonly used by stockholders, company management and industry analysts as a measurement of operating performance of the company's rental portfolio. investorrelations@digitalrealty.com, American Stock Transfer Company & Trust Company, LLC. 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). Subsequent to quarter-end, Digital Realty announced it has entered into a definitive agreement to acquire roughly a 55% stake in Teraco, Africa's leading carrier-neutral colocation provider, from a consortium of investors including Berkshire Partners and Permira, in a transaction valuing Teraco at approximately $3.5 billion and representing a cap rate of approximately 3.5% on projected 2022 cash net operating income of approximately $121 million. Moreover, we operate in a very competitive and rapidly changing environment. NOI and cash NOI should be considered only as supplements to net income computed in accordance with GAAP as measures of our performance. Adjusted EBITDA divided by GAAP interest expense plus capitalized interest (including our pro rata share of unconsolidated joint venture interest expense). 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. 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. Our hybrid cloud solutions and interconnections bring unlimited global opportunities to your enterprise. 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. Management uses FFO as a supplemental performance measure because, in excluding real estate related depreciation and amortization and gains and losses from property dispositions and after adjustments for unconsolidated partnerships and joint ventures, it provides a performance measure that, when comparedyear overyear, captures trends in occupancy rates, rental rates and operating costs. Adjusted EBITDA is EBITDA excluding unconsolidated joint venture real estate related depreciation & amortization, unconsolidated joint venture interest expense and tax, severance, equity acceleration, and legal expenses, transaction and integration expenses, gain on sale / deconsolidation, impairment of investments in real estate, other non-core adjustments, net, non-controlling interests, preferred stock dividends, including undeclared dividends, and gain on / issuance costs associated with redeemed preferred stock. Relates to severance and other charges related to the departure of company executives and integration-related severance. However, because FFO excludes depreciation and amortization and captures 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 financial condition and results from operations, the utility of FFO as a measure of our performance is limited. Andrew P. PowerPresident & Chief Financial OfficerDigital Realty(415) 738-6500, Jim HusebyInvestor RelationsDigital Realty(415) 738-6500, Consolidated Quarterly Statements of Operations Unaudited and Dollars in Thousands, Except Per Share Data, Severance, equity acceleration, and legal expenses, Equity in (loss) earnings of unconsolidated joint ventures, Net (income) loss attributable to noncontrolling interests. Other includes Powered Base Building shell capacity as well as storage and office space within fully improved data center facilities. The conference call will feature Chief Executive Officer A. William Stein and President & Chief Financial Officer Andrew P. Power. Because certain of these adjustments have a real economic impact on our financial condition and results from operations, the utility of core FFO as a measure of our performance is limited. For definitions and discussion of FFO and core FFO, see the definitions section. Digital Realty completed the following financing transactions during the fourth quarter. Jun. Based on the credit ratings of Digital Realty's top 100 customers as of December 31, 2022 against annualized recurring total revenue of $3.7 billion. As of December 31, 2019, the company owned interests in 225 operating data center facilities [2] totaling 34.5 million rentable square feet in the United States, Europe, Asia, Canada, and Australia. The company reported first quarter of 2021 funds from operations of $432 million, or $1.49 per share, compared to $1.45 per share in the previous quarter and $0.91 per share in the same quarter last year. You can sign up for additional alert options at any time. Other REITs may not calculate FFO in accordance with the NAREIT definition and, accordingly, our FFO may not be comparable to other REITs' FFO. Featured Presentation March 06, 2023 Investor Presentation March 2023 Download PDF View All Presentations Latest Events March 08, 2023 Raymond James 44th Annual Institutional Investors Conference March 07, 2023 Citi's 2023 Communications, Media & Entertainment Conference Business Highlights DIGITAL REALTY | INVESTOR PRESENTATION | NOVEMBER 2019 | 2 1 Digital Realty Overview Introduction 2 Introduction to Data Centers Data center 101 3 Global Platform Growing world-wide demand from a diversified customer base 4 Connected Campus Strategy Solving for the complete deployment; land and expand 5 Attractive Growth Prospects Organic growth combined with lease-up . Consolidated Balance Sheets Unaudited and in Thousands, Except Share and Per Share Data, Accumulated depreciation and amortization, Investment in unconsolidated joint ventures, Customer relationship value, deferred leasing costs & other intangibles, net, Assets associated with real estate held for sale, Global unsecured revolving credit facilities, Accounts payable and other accrued liabilities, Liabilities associated with assets held for sale, Redeemable non-controlling interests - operating partnership. SeriesJ Cumulative Redeemable Preferred Stock, 5.250%, $200,000 and $200,000 liquidation preference, respectively ($25.00 per share), 8,000,000 and 8,000,000 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Digital Realty Declares Quarterly Cash Dividend for Common and Preferred Stock, Digital Realty Reports First Quarter 2023 Results, Reported net income available to common stockholders of, Signed total bookings during 1Q21 expected to generate, In early January, Digital Realty issued 1.0 billion, or approximately, In mid-January, Digital Realty repaid the entire, In early February, Digital Realty redeemed all, Subsequent to quarter-end, Digital Realty announced the redemption of all 8.05 million shares of its 6.625% Series C Preferred Stock with a total liquidation value of. We have proactively managed our supply chain, and we believe we have secured the vast majority of the equipment needed to complete our 2021 development activities. Digital Realty Trust (DLR) Investor Presentation . After submitting your request, you will receive an activation email to the requested email address. Prior to Digital Realty's investor conference call at 5:00 p.m. EDT / 2:00 p.m. PT on October 26 th, 2022, a presentation will be posted to the Investors section of the company's website at https . Some of the risks and uncertainties that may cause our actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements include, among others, the following: The risks included here are not exhaustive, and additional factors could adversely affect our business and financial performance. Adoption of the new lease accounting standard required that we adjust the consolidated balance sheet to include the recognition of additional right-of-use assets and lease liabilities for operating leases. For all periods presented, we have excluded the effect of dilutive series C, series G, series I, series J, series K and series L preferred stock, as applicable, that may be converted into common stock upon the occurrence of specified change in control transactions as described in the articles supplementary governing the series C, series G, series I, series J, series K and series Lpreferred stock, as applicable, which we consider highly improbable. Digital realty 3 q17 earnings presentation final. 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. Analyst, Investor Relations (737) - 281 - 0101 investorrelations@digitalrealty.com 16, 2021 1:54 PM ET Digital Realty Trust, Inc. (DLR), DLR.PJ, DLR.PK, DLR.PL SA Transcripts 136.88K Follower s The following slide deck was published by Digital Realty Trust, Inc. in. Net Operating Income (NOI) and Cash NOI:Net operating income, or NOI, represents rental revenue, tenant reimbursement revenue and interconnection revenue less utilities expense, rental property operating expenses, property taxes and insurance expenses (as reflected in the statement of operations). New leases signed during the first quarter of 2021 are summarized by region as follows: Note: Totals may not foot due to rounding differences. Reconciliation of Net Operating Income (NOI). Additional Proxy Soliciting Materials (definitive), PDF Format Download (opens in new window), Word Format Download (opens in new window). In addition to new leases signed, Digital Realty also signed renewal leases representing $193 million of annualized GAAP rental revenue during the quarter. A live webcast of the call will be available via the Investors section of Digital Realty's website at https://investor.digitalrealty.com/. Other REITs may calculate AFFO differently than we do and, accordingly, our AFFO may not be comparable to other REITs' AFFO. investorrelations@digitalrealty.com, American Stock Transfer Company & Trust Company, LLC. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. ELECTRICAL SYSTEMS Generator Batteries Power Distribution Unit (PDU) Uninterruptible Power Supplies (UPS) To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter. During the first quarter of 2021, Digital Realty closed on the sale of a portfolio of 11 data centers in Europe for a total of approximately $680 million. Digital Realty Trust : Investor Presentation March 2023 03/06/2023 | 06:10am EDT Global. DLR also represents good value at the current price of $98.89 with a forward P/FFO of 14.8, sitting below its normal P/FFO of 16.7. The "same-capital"pool includes properties owned as of December 31, 2020 with less than 5% of total rentable square feet under development. Source: Investor Presentation. We believe we have ample liquidity to fund our business needs, given the $221 million of cash on the balance sheet and $2.2 billion of availability under our global revolving credit facilities as of March 31, 2021. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. American Stock Transfer Company & Trust Company, LLC. 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. Cominar REIT stock offers you a chance to invest in one of Canada's Largest Real Estate Investment Trusts. 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. We're ready to secure and scale your data within our full-spectrum data centers across Europe and Africa. reduced demand for data centers or decreases in information technology spending; increased competition or available supply of data center space; decreased rental rates, increased operating costs or increased vacancy rates; the suitability of our data centers and data center infrastructure, delays or disruptions in connectivity or availability of power, or failures or breaches of our physical and information security infrastructure or services; our dependence upon significant customers, bankruptcy or insolvency of a major customer or a significant number of smaller customers, or defaults on or non-renewal of leases by customers; our ability to attract and retain customers; breaches of our obligations or restrictions under our contracts with our customers; our inability to successfully develop and lease new properties and development space, and delays or unexpected costs in development of properties; the impact of current global and local economic, credit and market conditions; our inability to retain data center space that we lease or sublease from third parties; global supply chain or procurement disruptions, or increased supply chain costs; information security and data privacy breaches; difficulty managing an international business and acquiring or operating properties in foreign jurisdictions and unfamiliar metropolitan areas; our failure to realize the intended benefits from, or disruptions to our plans and operations or unknown or contingent liabilities related to, our recent acquisitions; our failure to successfully integrate and operate acquired or developed properties or businesses; difficulties in identifying properties to acquire and completing acquisitions; risks related to joint venture investments, including as a result of our lack of control of such investments; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; our failure to obtain necessary debt and equity financing, and our dependence on external sources of capital; financial market fluctuations and changes in foreign currency exchange rates; adverse economic or real estate developments in our industry or the industry sectors that we sell to, including risks relating to decreasing real estate valuations and impairment charges and goodwill and other intangible asset impairment charges; our inability to manage our growth effectively; losses in excess of our insurance coverage; our inability to attract and retain talent; impact of the COVID-19 pandemic on our operations and on the operations of our customers, suppliers and business partners; environmental liabilities, risks related to natural disasters and our inability to achieve our sustainability goals; our inability to comply with rules and regulations applicable to our company; Digital Realty Trust, Inc.'s failure to maintain its status as a REIT for federal income tax purposes; Digital Realty Trust, L.P.'s failure to qualify as a partnership for federal income tax purposes; restrictions on our ability to engage in certain business activities; changes in local, state, federal and international laws and regulations, including related to taxation, real estate and zoning laws, and increases in real property tax rates; and. Other non-recurring CapEx represents costs incurred to enhance the capacity or marketability of operating properties, such as network fiber initiatives and software development costs. The meeting place for companies, technologies and data. Maximize your data insights. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. The following slide deck was published by Digital Realty Trust, Inc. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such risk factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The company reported fourth quarter of 2021 funds from operations of $449 million, or $1.54 per share, compared to $1.54 per share in the previous quarter and $1.45 per share in the same quarter last year. Digital Realty is a fast-growing data center operator that is expanding globally and doing so in an environmentally-responsible manner. For definitions and discussion of FFO and core FFO, see the definitions section. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter. We consider cash interest expense to be a useful measure of interest as it excludes non-cash based interest expense. See above for calculations of diluted FFO and the share count detail section that follows the reconciliation of core FFO to AFFO for calculations of weighted average common stock and units outstanding. Digital Realty Overview . Recurring capital expenditures do not include acquisition costs contemplated when underwriting the purchase of a building, costs which are incurred to bring a building up to Digital Realty's operating standards, or internal leasing commissions.
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