The company formed joint ventures with Blackstone and Mitsubishi, and expanded the GI Partners joint venture. It also completed the sale of its interest in four data centers to Brookfield and an additional interest in a data center facility in Frankfurt to DCREIT. These activities suggest a strategic shift towards capital recycling and partnerships.

The company is developing data centers in various metropolitan areas, including Frankfurt, Paris, and Northern Virginia. As of December 31, 2024, the company had 644 megawatts of projects underway across multiple metropolitan areas around the world, and 70% percent of this data center activity was pre-leased.

The company is actively forming joint ventures and selling off non-core assets, indicating a strategic shift towards higher value assets and strategic partnerships. This approach allows the company to focus on key markets and leverage external capital.

The company has been actively involved in forming joint ventures and selling off non-core assets, demonstrating a proactive approach to capital allocation. This is a key function of management and impacts the company's financial performance.

The company believes that expanding its global data center campuses will contribute to operating efficiencies because it expects to achieve economies of scale on its campus environments.

The company is focused on addressing sustainability by driving environmental efficiency through the implementation of cost-effective design features and the use of carbon-free and renewable energy.

The company faces significant competition from numerous data center providers globally, including Equinix, Inc. and NTT. Increased competition may adversely affect occupancy and rental rates of data centers.

The company depends upon third-party suppliers for power and is vulnerable to service failures and price increases by such suppliers and to volatility in the supply and price of power in the open market.

The company and its third-party providers are vulnerable to cyberattacks and security breaches that could materially disrupt or compromise operations, data and results.

The company competes with numerous data center providers globally, many of whom own or operate properties similar to ours in some of the same metropolitan areas where our data centers are located, including Equinix, Inc. and NTT.

The company provides a flexible, global data center platform that allows our customers to achieve infrastructure deployments and controls matched to their business needs.

Through investments and strategic partnerships, the company has significantly expanded its capabilities as a leading provider of interconnection and cloud-enablement services globally.

The company's largest expense category is utility expenses, indicating the importance of managing power consumption and costs effectively.

The company sets annual power usage effectiveness targets for assets and participates in the European Union's Code of Conduct for Energy Efficiency in Data Centers.

In 2023, energy efficiency measures implemented totaled over 19,800MWh in projected energy saving.

The company is adapting to changing technologies and customer requirements, and its data center infrastructure may become obsolete.

Utilizing our innovative modular data center design, we deliver what we believe to be a technically superior data center environment at significant cost savings and reduced time frames.

The PlatformDIGITAL® solution model is based on our patented Pervasive Data Center Architecture (PDx®) methodology, which brings users, networks, clouds, controls and systems to the data, removing barriers, creating centers of data exchange to accommodate distributed workflows and scaling digital business.

We believe that the strategic deployment of capital at sufficiently positive spreads above our cost of capital enables us to increase cash flow and create long-term stockholder value.

We have developed significant expertise at underwriting, financing and executing data center investment opportunities.

We are committed to maintaining a conservative capital structure. Our goal is to average through business cycles the following financial ratios: 1) a debt-to-Adjusted EBITDA ratio around 5.5x, 2) a fixed charge coverage of greater than three times, and 3) floating rate debt at less than 20% of total outstanding debt.

We believe that addressing sustainability by driving environmental efficiency through the implementation of cost-effective design features and the use of carbon-free and renewable energy serves as a key differentiator.

We set a global carbon reduction target that has been validated by the Science-Based Target Initiative to reduce our Scope 1 and 2 emissions 68% per square foot and Scope 3 emissions from purchased goods and services and fuel- and energy-related activities 24% per square foot by 2030, from a 2018 baseline.

We implement ISO 14001 (Environmental Management) and ISO 50001 (Energy Management) to measure, manage and improve the energy and environmental performance of our data centers.

The demand for data center infrastructure is being driven by this digital transformation which is contributing to the explosive growth of data, rapid growth of cloud adoption and greater demand for IT outsourcing.

As companies focus on their core competencies and rely on outsourcing to meet their IT infrastructure needs, they are prioritizing colocation for their data center solutions for various reasons, including to reduce latency in data transfer and increase global presence and connectivity.

We provide a global data center platform that supports our customers' digital infrastructure and enables our customers to interconnect with their customers and partners.