The "same-capital"pool includes properties owned as of December 31, 2019 with less than 5% of total rentable square feet under development. Kimco Realty (NYSE:KIM) announced today that its management will participate in the Nareit's REITweek: 2023 Investor Conference on Tuesday, June 6, 2023 in New York. If you experience any issues with this process, please contact us for further assistance. When typing in this field, a list of search results will appear and be automatically updated as you type. (Source: "Investor Presentation: September 2021," Digital Realty Trust, Inc., last accessed December 22, 2021.) Digital Realty contributed a 90% interest in a fully-leased portfolio of 10 assets in the U.S. and Canada that was valued at $1.4 billion at a 4.25% cap rate. 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 L preferred stock, as applicable, which we consider highly improbable. 1 U.S. REITs within the RMZ. Funds From Operations (FFO):We calculate funds from operations, or FFO, in accordance with the standards established by the National Association of Real Estate Investment Trusts, or Nareit, in the Nareit Funds From Operations White Paper- 2018 Restatement. Digital Realty priced its initial public offering on October 28, 2004 at $12.00 per share. Data Centers Connectivity Cloud. Digital realty 3 q17 earnings presentation final. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Several additional material risks are discussed in our annual report on Form 10K for the year ended December 31, 2020 and other filings with the Securities and Exchange Commission. By providing your email address below, you are providing consent to Digital Realty to send you the requested Investor Email Alert updates. Source: Bloomberg. "Digital Realty delivered record bookings in the fourth quarter and for the full year, with over $500 million of new business globally in 2021, demonstrating the strength of our global value proposition," said Digital Realty Chief Executive Officer A. William Stein. Such statements are based on management's beliefs and assumptions made based on information currently available to management. 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. SeriesL Cumulative Redeemable Preferred Stock, 5.200%, $345,000 and $345,000 liquidation preference, respectively ($25.00 per share), 13,800,000 and 13,800,000 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively. 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). 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. Other REITs may not calculate FFO in accordance with the NAREIT definition and, accordingly, our FFO may not be comparable to other REITs' FFO. The meeting place for companies, technologies and data. Megan Duncanson. 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. We expressly disclaim any responsibility to update forward-looking statements, whether as a result of new information, future events or otherwise. 3. PDF Global. Connected. Sustainable. North America Europe APAC. Same as (8), except numerator includes preferred stock. Here, you can securely connect and collaborate around data with your customers and partners. Commercial Real Estate Investing | Cominar A reconciliation from U.S. GAAP net income available to common stockholders to FFO, a reconciliation from FFO to core FFO, and definitions of FFO and core FFO are included as an attachment to this document. You can sign up for additional alert options at any time. We calculate funds from operations, or FFO, in accordance with the standards established by the National Association of Real Estate Investment Trusts, or Nareit, in the Nareit Funds From Operations White Paper- 2018 Restatement. Maximize your data insights. On February 16th, 2023, Digital Realty reported Q4 2022 results for the period ending December 31st, 2022. Recurring CapEx represents non-incremental improvements required to maintain current revenues, including second-generation tenant improvements and leasing commissions. At Digital Realty, we promise to treat your data with respect and will not share your information with any third party. 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. 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. Mortgage debt and other loans divided by market value of common equity plus debt plus preferred stock. Other REITs may calculate AFFO differently than we do and accordingly, our AFFO may not be comparable to other REITs' AFFO. Moreover, we operate in a very competitive and rapidly changing environment. Digital Realty Trust (DLR) Investor Presentation - Slideshow. Recurring capital expenditures represent non-incremental building improvements required to maintain current revenues, including second-generation tenant improvements and external leasing commissions. 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. FFO should be considered only as a supplement to net income computed in accordance with GAAP as a measure of our performance. Digital Realty Trust, Inc. is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services. SeriesL Cumulative Redeemable Preferred Stock, 5.200%, $345,000 and $345,000 liquidation preference, respectively ($25.00 per share), 13,800,000 800,000 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively. the impact of any financial, accounting, legal or regulatory issues or litigation that may affect us. Seven Hills Realty Trust to Present at Nareit's REITweek 2023 Investor 6201 15th Avenue Brooklyn, NY 11219 (800) 937-5449www.amstock.com When was Digital Realty formed? 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 . 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. 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. Senior Vice President, Public & Private Investor Relations, (737) - 281 - 0101 Change in accrued interest and other non-cash amounts, Debt plus preferred stock to total enterprise value (10). 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. Digital Realty's Near-Term Outlook Clouded by Tighter Financing Markets Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Digital Realty Trust (DLR) Investor Presentation - Slideshow 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. 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. Cash interest expense is interest expense less amortization of debt discount and deferred financing fees and includes interest that we capitalized. It also excludes properties that were undergoing, or were expected to undergo, development activities in 2021-2022, properties classified as held for sale, and properties sold or contributed to joint ventures for all periods presented. NOI is commonly used by stockholders, company management and industry analysts as a measurement of operating performance of the company's rental portfolio. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 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 . Reconciliation of Net Operating Income (NOI). Jun. Excluding certain items that do not represent core expenses or revenue streams, Digital Realty delivered first quarter of 2021 core FFO per share of $1.67, a 3% increase from $1.61 per share in the previous quarter, and a 9% increase from $1.53 per share in the same quarter last year. All other names, trademarks and service marks are the property of their respective owners. Digital Realty - Investor Relations - Stock Info - Dividend History 2. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Digital Realty Trust, Inc. (NYSE:DLR): A Top 5G Stock For 2022? DIGITAL REALTY | 2Q20 FINANCIAL RESULTS | JULY 30, 2020 | 2 Navigating the Future Sustainable Growth for Customers, Shareholders and Employees GLOBAL CONNECTED SUSTAINABLE Selling. See above for calculations of diluted FFO available to common stockholders and unitholders and for calculations of weighted average common stock and units outstanding. 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. For a definition and discussion of AFFO, see the definitions section. Such forward-looking statements include statements relating to: our economic outlook, our expected investment and expansion activity, our expected physical settlement of the forward sale agreements and use of proceeds from any such settlement, 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, our product offerings, available inventory 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, 2022 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, 2022 backlog NOI, NAV components, and other forward-looking financial data. Such statements are subject to risks, uncertainties and assumptions and are not guarantees of future performance and may be affected by known and unknown risks, trends, uncertainties and factors that are beyond our control. All per-share results are presented on a fully-diluted share and unit basis. North America International APAC. Adjusted EBITDA divided by the sum of cash interest expense, and preferred dividends (including our pro rata share of unconsolidated joint venture cash fixed charges). Digital Realty: You Can Get Paid To Ride The AI Wave 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. 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. SeriesI Cumulative Redeemable Preferred Stock, 6.350%, $0 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. 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. Total enterprise value defined as market value of common equity plus debt plus preferred stock. 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. Includes lease termination fees and certain other adjustments that are not core to our business. 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. Sep. 17, 2021 4:27 . During the fourth quarter, Medallion, a leading Nigerian colocation and interconnection provider jointly owned by Digital Realty and Pembani Remgro, acquired two land parcels in Lagos, Nigeria.
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