Digital Realty — Apr 24, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001558370-25-005434
Showing in the filing
U.S. Hyperscale Data Center Fund LP equity commitments target
“$2.5 billion”
Period
The long term
Measure
Company-defined measure
Source
Prose
All guidance in this release · 24
U.S. Hyperscale Data Center Fund LP equity c… for the long term
“$2.5 billion”
Total revenue for FY2025
“$5.800 - $5.900 billion”
Net non-cash rent adjustments (1) for FY2025
“($45 - $50 million)”
Adjusted EBITDA for FY2025
“$3.100 - $3.200 billion”
Rental rates on renewal leases - Cash basis for FY2025
“4.0% - 6.0%”
Rental rates on renewal leases - GAAP basis for FY2025
“6.0% - 8.0%”
Year-end portfolio occupancy for FY2025
“+100 - 200 bps”
"Same-Capital" cash NOI growth (2) for FY2025
“3.5% - 4.5%”
U.S. Dollar / Pound Sterling for FY2025
“$1.25 - $1.35”
U.S. Dollar / Euro for FY2025
“$1.05 - $1.15”
Dispositions / Joint Venture Capital - Dolla… for FY2025
“$500 - $1,000 million”
Dispositions / Joint Venture Capital - Cap r… for FY2025
“0.0% - 10.0%”
Development CapEx (Net of Partner Contributi… for FY2025
“$3,000 - $3,500 million”
Development - Average stabilized yields for FY2025
“10.0%+”
Enhancements and other non-recurring CapEx for FY2025
“$30 - $35 million”
Recurring CapEx + capitalized leasing costs for FY2025
“$320 - $335 million”
Long-term debt issuance - Dollar amount for the long term
“$900 - $1,500 million”
Long-term debt issuance - Pricing for the long term
“4.0% - 5.5%”
Net income per diluted share for FY2025
“$2.15 - $2.25”
Funds From Operations / share (NAREIT-Defined) for FY2025
“$6.65 - $6.75”
Non-core expenses and revenue streams for FY2025
“$0.40 - $0.40”
Foreign currency translation adjustments for FY2025
“$0.00 - $0.00”
Constant-Currency Core FFO per share outlook for FY2025
“$7.05 - $7.15”
Constant-Currency Core Funds From Operations… for FY2025
“$7.05 - $7.15”
Exhibit 99.1 · the passage around this item
… earlier in the release
Digital Realty also announced the formation of its U.S. Hyperscale Data Center Fund (the “Fund”), successfully raising more than $1.7 billion of equity commitments from a broad array of global Limited Partners. The Fund is targeting $2.5 billion of LP equity commitments, representing up to an 80% ownership interest, while Digital Realty will maintain at least a 20% stake in the assets. The Fund will be comprised of operating hyperscale data centers and development sites, located across leading U.S. data center markets, including Northern Virginia, Dallas, Atlanta, Charlotte, New York metro and Silicon Valley. The initial portfolio includes five operating data centers plus four land sites with access to power for data center development. Digital Realty expects to contribute a share of the assets to the Fund in the second quarter and will serve as General Partner, maintaining operational and management responsibilities for the assets. Digital Realty entered the Indonesia market in the first quarter through a 50% stake in a joint venture, Digital Realty Bersama, for approximately IDR1.5 billion or $95 million. Digital Realty Bersama owns and operates a connected campus that includes a recently launched data center (CGK11) in Central Jakarta and another data center (CGK10) in West Jakarta. Initially launched with five megawatts of IT load capacity, CGK11 is expected to support up to 32 megawatts. CGK11 offers robust connect
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.