Digital Realty — Apr 23, 2026 release

​ ​ ​ ​ ​ ​   ​ ​ As of   As of  Top-Line and Cost Structure ​ February 5, 2026 ​ April 23, 2026 Total revenue ​ $6.600 - $6.700 billion   $6.650 - $6.750 billion Net non-cash rent adjustments (1) ​ ($90 - $95 million) ​ ($90 - $95 million) Adjusted EBITDA ​ $3.600 - $3.700 billion ​ $3.650 - $3.750 billion G&A ​ $610 - $620 million ​ $615 - $625 million ​ ​ ​ ​ ​  Internal Growth ​ ​ ​ ​ Rental rates on renewal leases ​ ​ ​ ​ Cash basis ​ 6.0% - 8.0% ​ 6.5% - 8.5% GAAP basis ​ 8.5% - 10.5% ​ 9.5% - 11.5% Year-end portfolio occupancy (2) ​ +50 - 100 bps ​ +50 - 100 bps "Same-Capital" cash NOI growth (3) ​ 4.0% - 5.0% ​ 4.0% - 5.0% ​ ​ ​ ​ ​ Foreign Exchange Rates ​ ​ ​ ​ U.S. Dollar / Pound Sterling ​ $1.30 - $1.35 ​ $1.32 - $1.37 U.S. Dollar / Euro ​ $1.13 - $1.18 ​ $1.15 - $1.20 ​ ​ ​ ​ ​  External Growth ​ ​ ​ ​ Dispositions / Joint Venture Capital ​ ​ ​ ​ Dollar volume ​ $500 - $1,000 million ​ $500 - $1,000 million Cap rate ​ 0.0% - 10.0% ​ 0.0% - 10.0% Development ​ ​ ​ ​ CapEx (Net of Partner Contributions) (4) ​ $3,250 - $3,750 million ​ $3,500 - $4,000 million Average stabilized yields ​ 10.0%+ ​ 10.0%+ Enhancements and other non-recurring CapEx  (5) ​ $30 - $35 million ​ $30 - $35 million Recurring CapEx + capitalized leasing costs (6) ​ $400 - $425 million ​ $400 - $425 million ​ ​ ​ ​ ​  Balance Sheet ​ ​ ​ ​ Long-term debt issuance ​ ​ ​ ​ Dollar amount ​ $1,000 - $1,500 million ​ $1,500 - $2,000 million Pricing ​ 4.0% - 4.5% ​ 4.0% - 4.5% Timing ​ Mid-Year ​ Mid-Year ​ ​ ​ ​ ​  Net income per diluted share ​ $2.55 - $2.65 ​ $2.65 - $2.75 Real estate depreciation and (gain) / loss on sale ​ $4.90 - $4.90 ​ $4.95 - $4.95  Funds From Operations / share (NAREIT-Defined) ​ $7.45 - $7.55 ​ $7.60 - $7.70 Non-core expenses and revenue streams ​ $0.45 - $0.45 ​ $0.40 - $0.40  Core Funds From Operations / share ​ $7.90 - $8.00 ​ $8.00 - $8.10 Foreign currency translation adjustments ​ $0.00 - $0.00 ​ ($0.05) - ($0.05) Constant-Currency Core Funds From Operations / share ​ $7.90 - $8.00 ​ $7.95 - $8.05 ​ (1) Net non-cash rent adjustments represent the sum of straight-li