Digital Realty — Jul 23, 2026 release

Dollar / Euro ​ $1.13 - $1.18 ​ $1.15 - $1.20 ​ $1.13 - $1.18 ​ ​ ​ ​ ​ ​ ​ ​ ​  External Growth ​ ​ ​ ​ ​ ​ ​ Dispositions / Joint Venture Capital ​ ​ ​ ​ ​ ​ ​ Dollar volume ​ $500 - $1,000 million ​ $500 - $1,000 million ​ $1,000 - $1,500 million ​ Cap rate ​ 0.0% - 10.0% ​ 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 ​ $4,250 - $4,750 million ​ Average stabilized yields ​ 10.0%+ ​ 10.0%+ ​ 10.0%+ ​ Enhancements and other non-recurring CapEx  (5) ​ $30 - $35 million ​ $30 - $35 million ​ $30 - $35 million ​ Recurring CapEx + capitalized leasing costs (6) ​ $400 - $425 million ​ $400 - $425 million ​ $400 - $425 million ​ ​ ​ ​ ​ ​ ​ ​ ​  Balance Sheet ​ ​ ​ ​ ​ ​ ​ Long-term debt issuance ​ ​ ​ ​ ​ ​ ​ Dollar amount ​ $1,000 - $1,500 million ​ $1,500 - $2,000 million ​ $1,500 - $2,000 million ​ Pricing ​ 4.0% - 4.5% ​ 4.0% - 4.5% ​ 4.5% - 5.5% ​ Timing ​ Mid-Year ​ Mid-Year ​ 2H-2026 ​ ​ ​ ​ ​ ​ ​ ​ ​  Net income per diluted share ​ $2.55 - $2.65 ​ $2.65 - $2.75 ​ $3.10 - $3.15 ​ Real estate depreciation and (gain) / loss on sale ​ $4.90 - $4.90 ​ $4.95 - $4.95 ​ $5.30 - $5.30 ​  Funds From Operations / share (NAREIT-Defined) ​ $7.45 - $7.55 ​ $7.60 - $7.70 ​ $8.40 - $8.45 ​ Non-core expenses and revenue streams ​ $0.45 - $0.45 ​ $0.40 - $0.40 ​ $0.25 - $0.25 ​ Net Promote ​ $0.00 - $0.00 ​ $0.00 - $0.00 ​ ($0.50) - ($0.50) ​  Core Funds From Operations / share (excluding net promote) ​ $7.90 - $8.00 ​ $8.00 - $8.10 ​ $8.15 - $8.20 ​ Foreign currency translation adjustments ​ $0.00 - $0.00 ​ ($0.05) - ($0.05) ​ ($0.05) - ($0.05) ​ Constant-Currency Core FFO / share (excluding net promote) ​ $7.90 - $8.00 ​ $7.95 - $8.05 ​ $8.10 - $8.15 ​ ​ (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) Year-end portfolio occupancy guidance based on IT load (kW). (3) The “ Same-Capital ” pool inclu