DIGITAL REALTY TRUST, INC. files 8-K: results of operations, Regulation FD disclosure
Item 2.02 Results of Operations and Financial Condition.
On July 23, 2026, we also posted presentation materials to our website at www.digitalrealty.com. The presentation materials are attached hereto as Exhibit 99.2 and incorporated by reference herein.
Forward-Looking Statements 30
Financial Supplement Corporate Information Second Quarter 2026
Corporate Profile
Digital Realty Trust, Inc. (“Digital Realty” or the “company”) owns, acquires, develops, and operates data centers through its operating partnership subsidiary, Digital Realty Trust, L.P. (the “operating partnership”). The company is focused on providing data center, colocation, and interconnection solutions for domestic and international customers across a variety of industry verticals ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products. As of June 30, 2026, the company’s 310 data centers, including 89 data centers held as investments in unconsolidated entities, contain applications and operations critical to the day-to-day operations of technology industry and corporate enterprise data center customers. Digital Realty’s portfolio is comprised of approximately 3.1 gigawatts of IT capacity, as well as approximately 8.5 gigawatts of buildable IT capacity under active development and held for future development, located throughout North America, Europe, South America, Asia, Australia, and Africa. For additional information, please visit the company’s website at digitalrealty.com .
Corporate Headquarters 601 W 2nd St., 32 Floor Austin, TX (737) 281-0101 digitalrealty.com Senior Management President & Chief Executive Officer: Andrew P. Power Chief Financial Officer: Matthew R. Mercier Chief Investment Officer: Gregory S. Wright Chief Technology Officer: Christopher L. Sharp Chief Revenue Officer: Colin M. McLean
Investor Relations
To request more information or to be added to our e-mail distribution list, please visit the Investor Relations section of our website at https://investor.digitalrealty.com .
Analyst Coverage BMO BMO Capital BNP Paribas
Barclays Bernstein Markets Exane BofA Securities BTIG Cantor
Brendan Lynch Madison Rezaei Ari Klein Nate Crossett Michael Funk Thomas Catherwood Brett Knoblauch
Citigroup Citizens JMP Deutsche Bank Evercore ISI Goldman Sachs Green Street Advisors Guggenheim
Michael Rollins Greg Miller Benjamin Soff Irvin Liu Michael Ng David Guarino Joseph Osha
HSBC Jefferies J.P. Morgan KeyBanc Mizuho Group MoffettNathanson Morgan Stanley
Phani Kanumuri Jonathan Petersen Richard Choe Brandon Nispel Vikram Malhotra Nick Del Deo Cameron McVeigh
Oppenheimer Raymond James RBC Capital Markets Scotiabank Stifel TD Cowen Truist Securities
Timothy Horan Frank Louthan Jonathan Atkin Maher Yaghi Erik Rasmussen Michael Elias Matthew Niknam
UBS Wells Fargo Wolfe Research
John Hodulik Eric Luebchow Andrew Rosivach
This Earnings Press Release and Supplemental Information package supplements the information provided in our quarterly and annual reports filed with the U.S. Securities and Exchange Commission. Additional information about Digital Realty and our business is also available on our website at digitalrealty.com .
Upcoming Conference Schedule
August 4, 2026 Deutsche Bank Data Center Summit New York City, NY
August 11, 2026 Oppenheimer Annual Technology, Internet & Communications Conference Virtual
August 18, 2026 Raymond James Park City Summer Summit Park City, UT
September 8, 2026 Citi’s Global TMT Conference New York City, NY
September 9, 2026 Bank of America Media, Communications & Entertainment Conference New York City, NY
September 16, 2026 Bank of America Global Real Estate Conference New York City, NY
September 29, 2026 RBC Global Communications Infrastructure Conference Chicago, IL
Webcasts for these events are available through the Digital Realty Investor Relations website when possible. Please check our website for additional information.
Financial Supplement Corporate Information (Continued) Second Quarter 2026
Stock Listing Information
The stock of Digital Realty Trust, Inc. is traded primarily on the New York Stock Exchange under the following symbols:
Common Stock: DLR Series J Preferred Stock: DLRPRJ
Series K Preferred Stock: DLRPRK
Series L Preferred Stock: DLRPRL
Symbols may vary by stock quote provider.
Credit Ratings Standard & Poor ’ s
Corporate Credit Rating: BBB+ (Stable Outlook)
Preferred Stock: BBB- Moody ’ s
Issuer Rating: Baa2 (Positive Outlook)
Preferred Stock: Baa3 Fitch
Issuer Default Rating: BBB (Stable Outlook)
Preferred Stock: BB+
These credit ratings may not reflect the potential impact of risks relating to the structure or trading of the company’s securities and are provided solely for informational purposes. Credit ratings are not recommendations to buy, hold or sell any security, and may be revised or withdrawn at any time by the issuing rating agency at its sole discretion. The company does not undertake any obligation to maintain the ratings or to advise of any change in ratings. Each agency’s rating should be evaluated independently of any other agency’s rating. An explanation of the significance of the ratings may be obtained from each of the rating agencies.
Common Stock Price Performance
The following summarizes recent activity of Digital Realty’s common stock (DLR):
Closing annual dividend yield, end of quarter 2.7% 2.7% 3.2% 2.8% 2.8%
Closing market value of shares and units outstanding $67,643,297 $64,013,656 $54,109,204 $60,377,303 $60,430,449
(1) Shares or shares and units in thousands.
(2) On an annualized basis.
(3) As of June 30, 2026, the total number of shares and units includes 370,010 shares of common stock, 4,294 common units held by third parties and 2,371 common units and vested and unvested long-term incentive units held by directors, officers and others and excludes all shares of common stock potentially issuable upon conversion of our series J, series K and series L cumulative redeemable preferred stock upon certain change of control transactions.
(4) Dollars in thousands as of the end of the quarter.
Key Quarterly Financial Data Financial Supplement
Unaudited, Dollars (except per share data) in Thousands Second Quarter 2026
(1) Shares and units are in thousands.
(2) The market value of common equity is based on the closing stock price at the end of the quarter and assumes 100% redemption of the limited partnership units in our operating partnership, including common units and vested and unvested long-term incentive units, for shares of our common stock on a one-for-one basis. Excludes shares of common stock potentially issuable upon conversion of our series J, series K and series L cumulative redeemable preferred stock upon certain change of control transactions, as applicable.
(3) EBITDA is calculated as earnings before interest expense, loss on debt extinguishment and modifications, tax expense, and depreciation and amortization. For a discussion of EBITDA, see page 28 . For a reconciliation of net income available to common stockholders to EBITDA, see page 27 .
(4) Adjusted EBITDA is EBITDA excluding (i) unconsolidated entities real estate related depreciation & amortization, (ii) unconsolidated entities interest and tax expense, (iii) severance, equity acceleration and legal expenses, (iv) transaction and integration expenses, (v) gain (loss) on sale / deconsolidation, (vi) provision for impairment, (vii) other non-core adjustments, net, (viii) noncontrolling interests, (ix) preferred stock dividends, (x) gain on / issuance costs associated with redeemed preferred stock and (xi) net promote. For a discussion of Adjusted EBITDA, see page 28 . For a reconciliation of net income available to common stockholders to Adjusted EBITDA, see page 27 .
(5) Net Debt to Adjusted EBITDA is calculated as total debt at balance sheet carrying value (see page 5 ), plus finance lease obligations, plus our share of unconsolidated entities debt at carrying value, less cash and cash equivalents (including our share of unconsolidated entities cash), divided by the product of Adjusted EBITDA (including our pro rata share of unconsolidated entities EBITDA), multiplied by four.
(6) Fixed charges consist of GAAP interest expense, capitalized interest, scheduled debt principal payments and preferred stock dividends.
(7) Interest coverage ratio is Adjusted EBITDA (including our pro rata share of unconsolidated entities EBITDA), divided by GAAP interest expense plus capitalized interest (including our share of unconsolidated entities interest expense).
(8) Fixed charge coverage ratio is Adjusted EBITDA (including our pro rata share of unconsolidated entities EBITDA), divided by fixed charges (including our share of unconsolidated entities fixed charges).