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Digital Realty — Oct 24, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001558370-24-013620
Open on SEC.gov ↗
Showing in the filing
Development - Average stabilized yields
“10.0%+”
Period
FY2024
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 23
Constant-Currency Core Funds From Operations… for FY2024
“$6.65 - $6.75”
Core FFO per share and Constant-Currency Cor… for FY2024
“$6.65 - $6.75”
Total revenue for FY2024
“$5.550 - $5.650 billion”
Net non-cash rent adjustments (1) for FY2024
“($35 - $40 million)”
Adjusted EBITDA for FY2024
“$2.800 - $2.900 billion”
Rental rates on renewal leases - Cash basis for FY2024
“8.0% - 10.0%”
Rental rates on renewal leases - GAAP basis for FY2024
“12.0% - 14.0%”
Year-end portfolio occupancy for FY2024
“+150 - 200 bps”
"Same-Capital" cash NOI growth for FY2024
“2.75% - 3.25%”
U.S. Dollar / Pound Sterling for FY2024
“$1.25 - $1.30”
U.S. Dollar / Euro for FY2024
“$1.05 - $1.10”
Dispositions / Joint Venture Capital - Dolla… for FY2024
“$1,000 - $1,500 million”
Dispositions / Joint Venture Capital - Cap r… for FY2024
“6.0% - 8.0%”
Development CapEx (Net of Partner Contributi… for FY2024
“$2,200 - $2,400 million”
Development - Average stabilized yields for FY2024
“10.0%+”
Enhancements and other non-recurring CapEx for FY2024
“$25 - $30 million”
Recurring CapEx + capitalized leasing costs for FY2024
“$260 - $275 million”
Long-term debt issuance - Pricing for the long term
“3.875%”
Long-term debt issuance - Timing for the long term
“Sep-24”
Net income per diluted share for FY2024
“$1.40 - $1.50”
Funds From Operations / share (NAREIT-Defined) for FY2024
“$6.15 - $6.25”
Non-core expenses and revenue streams for FY2024
“$0.50 - $0.50”
Foreign currency translation adjustments for FY2024
“$0.00 - $0.00”
Exhibit 99.1 · the passage around this item
… earlier in the release
Dollar / Euro ​ $1.05 - $1.10 ​ $1.05 - $1.10 ​ $1.05 - $1.10 ​ $1.05 - $1.10 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​  External Growth ​ ​ ​ ​ ​ ​ ​ ​ ​ Dispositions / Joint Venture Capital ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollar volume ​ $1,000 - $1,500 million ​ $1,000 - $1,500 million ​ $1,000 - $1,500 million ​ $1,000 - $1,500 million ​ Cap rate ​ 6.0% - 8.0% ​ 6.0% - 8.0% ​ 6.0% - 8.0% ​ 6.0% - 8.0% ​ Development ​ ​ ​ ​ ​ ​ ​ ​ ​ CapEx (Net of Partner Contributions) (3) ​ $2,000 - $2,500 million ​ $2,000 - $2,500 million ​ $2,000 - $2,500 million ​ $2,200 - $2,400 million ​ Average stabilized yields ​ 10.0%+ ​ 10.0%+ ​ 10.0%+ ​ 10.0%+ ​ Enhancements and other non-recurring CapEx  (4) ​ $15 - $20 million ​ $15 - $20 million ​ $15 - $20 million ​ $25 - $30 million ​ Recurring CapEx + capitalized leasing costs (5) ​ $260 - $275 million ​ $260 - $275 million ​ $260 - $275 million ​ $260 - $275 million ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​  Balance Sheet ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term debt issuance ​ ​ ​ ​ ​ ​ ​ ​ ​ Dollar amount ​ $0 - $1,000 million ​ $0 - $1,000 million ​ $0 - $1,000 million ​ $933 million ​ Pricing ​ 5.0% - 5.5% ​ 5.0% - 5.5% ​ 5.0% - 5.5% ​ 3.875% ​ Timing ​ Mid-Year ​ Mid-Year ​ Mid-Year ​ Sep-24 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​  Net income per diluted share ​ $1.80 - $1.95 ​ $1.80 - $1.95 ​ $1.40 - $1.55 ​ $1.40 - $1.50 ​ Real estate depreciation and (gain) / loss on sale ​ $4.40 - $4.40 ​ $4.40 - $4.40 ​ $4.75 - $4.75 ​ $4.75 - $4.75 ​  Funds From Operations / share (NAREIT-Defined) ​ $6.20 - $6.35 ​ $6.20 - $6.35 ​ $6.15 - $6.30 ​ $6.15 - $6.25 ​ Non-core expenses and revenue streams ​ $0.40 - $0.40 ​ $0.40 - $0.40 ​ $0.45 - $0.45 ​ $0.50 - $0.50 ​  Core Funds From Operations / share ​ $6.60 - $6.75 ​ $6.60 - $6.75 ​ $6.60 - $6.75 ​ $6.65 - $6.75 ​ Foreign currency translation adjustments ​ $0
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.