Digital Realty — Oct 24, 2024 release

Highlights ◾ Reported net income available to common stockholders of $0.09 per share in 3Q24, compared to $2.31 in 3Q23 ◾ Reported FFO per share of $1.55 in 3Q24, compared to $1.55 in 3Q23 ◾ Reported Core FFO per share of $1.67 in 3Q24, compared to $1.62 in 3Q23 ◾ Reported rental rate increases on renewal leases of 15.2% on a cash basis in 3Q24 ◾ Signed total bookings during 3Q24 that are expected to generate $521 million of annualized GAAP rental revenue, including a $50 million contribution from the 0 – 1 megawatt category and $16 million contribution from interconnection ◾ Reported backlog of $859 million of annualized GAAP base rent at the end of 3Q24 ◾ Raised 2024 Core FFO per share outlook to $6.65 - $6.75 ​ Financial Results Digital Realty reported revenues of $1.4 billion in the third quarter of 2024, a 5% increase from the previous quarter and a 2% increase from the same quarter last year. The company delivered net income of $40 million in the third quarter of 2024, and net income available to common stockholders of $41 million, or $0.09 per diluted share, compared to $0.20 per diluted share in the previous quarter and $2.31 per diluted share in the same quarter last year. Digital Realty generated Adjusted EBITDA of $758 million in the third quarter of 2024, a 4% increase from the previous quarter and a 11% increase over the same quarter last year. The company reported Funds From Operations (FFO) of $520 million in the third quarter of 2024, or $1.55 per share, compared to $1.57 per share in the previous quarter and $1.55 per share in the same quarter last year. Excluding certain items that do not represent core expenses or revenue streams, Digital Realty delivered Core FFO per share of $1.67 in the third quarter of 2024, compared to $1.65 per share in the previous quarter and $1.62 per share in the same quarter last year. Digital Realty delivered Constant-Currency Core FFO per s