Digital Realty — Oct 23, 2025 release

Dollar / Euro ​ $1.00 - $1.05 ​ $1.05 - $1.15 ​ $1.10 - $1.15 ​ $1.13 - $1.18 ​ ​ ​ ​ ​ ​ ​ ​ ​  External Growth ​ ​ ​ ​ ​ ​ ​ ​ Dispositions / Joint Venture Capital ​ ​ ​ ​ ​ ​ ​ ​ Dollar volume ​ $500 - $1,000 million ​ $500 - $1,000 million ​ $700 - $1,000 million ​ $700 - $1,000 million Cap rate ​ 0.0% - 10.0% ​ 0.0% - 10.0% ​ 0.0% - 10.0% ​ 0.0% - 10.0% Development ​ ​ ​ ​ ​ ​ ​ ​ CapEx (Net of Partner Contributions) (3) ​ $3,000 - $3,500 million ​ $3,000 - $3,500 million ​ $3,000 - $3,500 million ​ $3,000 - $3,500 million Average stabilized yields ​ 10.0%+ ​ 10.0%+ ​ 10.0%+ ​ 10.0%+ Enhancements and other non-recurring CapEx  (4) ​ $30 - $35 million ​ $30 - $35 million ​ $30 - $35 million ​ $30 - $35 million Recurring CapEx + capitalized leasing costs (5) ​ $320 - $335 million ​ $320 - $335 million ​ $320 - $335 million ​ $300 - $320 million ​ ​ ​ ​ ​ ​ ​ ​ ​  Balance Sheet ​ ​ ​ ​ ​ ​ ​ ​ Long-term debt issuance ​ ​ ​ ​ ​ ​ ​ ​ Dollar amount ​ $900 - $1,500 million ​ $900 - $1,500 million ​ ~$2,000 million ​ ~$2,000 million Pricing ​ 5.0% - 5.5% ​ 4.0% - 5.5% ​ ~4.0% ​ ~4.0% Timing ​ Mid-Year ​ Mid-Year ​ Mid-Year ​ Mid-Year ​ ​ ​ ​ ​ ​ ​ ​ ​  Net income per diluted share ​ $2.10 - $2.20 ​ $2.15 - $2.25 ​ $3.45 - $3.55 ​ $3.57 - $3.62 Real estate depreciation and (gain) / loss on sale ​ $4.50 - $4.50 ​ $4.50 - $4.50 ​ $3.25 - $3.25 ​ $3.20 - $3.20  Funds From Operations / share (NAREIT-Defined) ​ $6.60 - $6.70 ​ $6.65 - $6.75 ​ $6.70 - $6.80 ​ $6.77 - $6.82 Non-core expenses and revenue streams ​ $0.40 - $0.40 ​ $0.40 - $0.40 ​ $0.45 - $0.45 ​ $0.55 - $0.55  Core Funds From Operations / share ​ $7.00 - $7.10 ​ $7.05 - $7.15 ​ $7.15 - $7.25 ​ $7.32 - $7.38 Foreign currency translation adjustments ​ $0.05 - $0.05 ​ $0.00 - $0.00 ​ ($0.05) - ( $0.05) ​ ($0.07) - ( $0.07) Constant-Currency Core Funds From Operations / share ​ $7.05 - $7.15 ​ $7.05 - $7.15 ​ $7.10 - $7.20 ​ $7.25 - $7.30 ​ (1) Net non-cash rent adjustments represent the sum of straight-line rental revenue and straight-line rental expense, as well as the amortization of above- and below-market leases (i.e., ASC 805 adjustments). (2) The “ Same-Capital ” pool includes properties owned as of December 31, 2023 with less than 5% of total rentable square feet under development. It excludes properties that were undergoing, or were expected to undergo, development activities in 2024-2025, properties classified as held for sale and contribution, and properti