Digital Realty Trust, Inc., through its controlling interest in Digital Realty Trust, L.P., is a leading global provider of data center, colocation, and interconnection solutions. The company operates as a REIT for U.S. federal income tax purposes. The core business model involves owning, acquiring, developing, and operating data centers. Digital Realty's primary revenue streams come from leasing data center space and providing related services. The company has a global presence with a diversified portfolio across major metropolitan areas characterized by a high concentration of connected end-users and technology companies. The competitive landscape includes other major data center providers such as Equinix, Inc. and NTT, along with various private operators and regional players.

• Employees: 3,664 (as of December 31, 2023)
• Geographic Footprint: 28 countries on six continents
• Headquarters: Austin, Texas
• Founded: 2004
• Number of locations/facilities: 309 data centers
• Revenue: $5.48 billion (FY2023)
• Market Capitalization: $42.03 billion (as of February 21, 2024)
• Key Subsidiaries/Brands: Digital Realty Trust, L.P.

• CEO: Andrew P. Power
• CFO: Matthew R. Mercier
• Board Chair: Mary Hogan Preusse

The senior management team has extensive experience in the technology and/or real estate industries. A significant portion of compensation for senior management team and directors is in the form of common equity interests in the Company.

• Annual Revenue: $5.48 billion (FY2023)
• Net Income: $908 million (FY2023)
• Market Cap: $42.03 billion (as of February 21, 2024)
• Total Assets: $44.11 billion (as of December 31, 2023)
• Number of employees: 3,664 (as of December 31, 2023)
• Key Financial Highlights: Total operating revenues increased by approximately $785.2 million for the year ended December 31, 2023 compared to the same period in 2022.

Digital Realty provides a global data center platform that allows customers to tailor infrastructure deployments and controls to match their business needs. The company's product offerings are scalable to meet customer needs, from a single cabinet up to multi-megawatt deployments, along with connectivity, connected data communities and solutions to support their architecture requirements.

• Colocation: Small to medium deployments, providing agility to quickly deploy in days.
• Scale & Hyperscale Powered Base Building/Turn-Key Flex: Medium to very large deployments, with solutions that can be executed in weeks.
• Network Hub: Consolidates and localizes traffic into ingress/egress points to optimize network performance and cost.
• Control Hub: Hosts adjacent security and IT controls to improve security posture and Hybrid-IT operations.
• Data Hub: Localizes data aggregation, staging, analytics, streaming and data management to optimize data exchange and Private AI workloads.
• Connectivity: Cross Connect, Campus Connect, Metro Connect, Interxion Cloud Connect, ServiceFabric™, IP Bandwidth and Pathway.

Digital Realty operates as a single global business segment.

Digital Realty's primary business objectives are to maximize long-term growth in earnings and funds from operations per share and unit, cash flow and returns to stockholders and unitholders, and return on invested capital. The company aims to achieve these objectives by achieving superior risk-adjusted returns, prudently allocating capital, diversifying product offerings, accelerating global reach and scale, and driving revenue growth and operating efficiencies. Key strategic initiatives include:

• Expanding global reach and scale through strategic investments and acquisitions.
• Leveraging technology to develop comprehensive and diverse products.
• Providing foundational services to enable customers and partners.
• Driving revenue growth and operating efficiencies.
• Maintaining a flexible balance sheet.

Digital Realty operates in the data center industry, which is poised for sustainable growth driven by digital transformation, cloud adoption, and IT outsourcing. The company is the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions. Key competitors include Equinix, Inc. and NTT, along with various private operators and regional players. The company believes that the data center industry will continue to play a critical role in the digital economy.

• Market Risks: Dependence on demand for data centers, significant competition, and potential inability to lease vacant or development space.
• Operational Risks: Failures in physical or information technology infrastructure, vulnerability to cyberattacks, and dependence on third-party suppliers for power and network connectivity.
• Financial Risks: Substantial debt, risks associated with the use of debt, dependence on external sources of capital, and potential inability to refinance debt at maturity.
• Regulatory Risks: Compliance with laws and governmental regulations, including the Americans with Disabilities Act, and environmental matters.